Gross Regional Domestic Product of Sibolga Municipality by Expenditure 2019-2023

Gross Regional Domestic Product (GRDP) is a macroeconomic indicator that can be used to evaluate economic development performance. This indicator can be used as a basis for developing various policy formulations in the economic sector. The calculation of Sibolga Municipality GRDP is carried out using two approaches, namely from the business side (industry) and the expenditure side. The publication of Sibolga Municipality GRDP According to Expenditures 2017-2023 is a publication published annually. 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), Exports and Imports.