Gross Regional Domestic Product of Bandung Regency by Industry 2020-2024

Gross Regional Domestic Product (GRDP) is one of the economic data tools that can be used to evaluate the performance of economic development of a region, in this case Bandung Regency. This data tool can also be used for other interests and purposes, such as as a basis for developing economic models in order to formulate policy formulations, the rate of acceleration of money 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 Expenditure, Consumption Expenditure of Non-Profit Institutions Serving Households, Government Consumption Expenditure, Investment (Gross Fixed Capital Formation and Changes in Inventory), and Net Exports/Imports. The GRDP data in this publication uses the base year of 2010, and has implemented the concept of the System of National Accounts 2008 as recommended by the United Nations