Gross Regional Domestic Product of Sulawesi Selatan Province by Expenditure 2020-2024

Gross Regional Domestic Product (GRDP) is one of the economic data instruments that can be used to evaluate the economic development performance of a region (province or district/city). This data instrument can also be used for other purposes, such as serving as a basis for developing economic models in policy formulation, analyzing the velocity of money, financial deepening, tax determination, export and import studies, and so on. This publication specifically discusses GRDP based on the expenditure/final demand approach. This approach is broken down into several components, namely: Household Consumption Expenditure, Consumption Expenditure of Non-Profit Institutions Serving Households, Government Consumption Expenditure, Investment (Gross Fixed Capital Formation and Changes in Inventories), Foreign Exports, Foreign Imports, and Net Interregional Exports (interregional exports minus interregional imports). The GRDP data in this publication uses 2010 as the base year and has adopted the 2008 System of National Accounts (SNA) concepts as recommended by the United Nations.