Gross Regional Domestic Product of Tolikara Regency by Expenditure 2019-2023

Gross Regional Domestic Product (GRDP) is the gross added value of all goods and services created or produced in the domestic territory of a country which arise as a result of various economic activities in a certain period without regard to whether the production factors are owned by residents or non-residents. According to economic theory, the calculation of GRDP can be done through three approaches, namely: the production/supply approach (GRDP according to Business Field/industry), the final expenditure/demand approach (GRDP according to Expenditure), and the income approach (GRDP according to Income/income) . In theory, these three calculation approaches will produce the same GRDP figure.