Gross Regional Domestic Product of Belu Regency by Expenditures 2020–2024

Gross Regional Domestic Product (GRDP) is an economic data tool that can be used to evaluate the economic development performance of a region (province or district/city). This data set can also be used for other interests and purposes, such as as a basis for developing economic models in order to formulate policies, the rate of acceleration of money in circulation (velocity of money), financial deepening, tax determination, export and import studies, and so on.This publication specifically discusses GRDP according to the final expenditure/demand approach. This approach is broken down into several components, namely: Household Consumption Expenditures, Consumption Expenditures of Non-Profit Institutions Serving Households, Government Consumption Expenditures, Investment (Gross Fixed Capital Formation and Changes in Inventory), and Net Exports (exports minus imports). The GRDP data in this and subsequent publications uses the base year 2010, and has implemented the 2008 System of National Accounts concept as recommended by the United Nations.