Gross Regional Domestic Product of Tanjungbalai Municipality by Expenditure 2020-2024

Gross Regional Domestic Product (GDP) is one of the economic data sets that can be used to evaluate the economic development performance of a region (province and district/city). This data tool can also be used for other purposes and purposes, such as the basis for the development of economic models in order to formulate policies, the velocity of money, financial deepening, tax determination, export and import studies and so on. According to macroeconomic theory, the calculation of GDP can be done through three approaches, namely: the production/supply approach (GDP according to the Business Field/industry), the expenditure/final demand approach (GDP according to expenditure) and the income approach (GDP according to income). The three calculation approaches will theoretically produce the same GDP figure.