Gross Regional Domestic Product of Luwu Utara Regency by Expenditure 2020-2024

Gross Regional Domestic Product by expenditure (GRDP Expenditure) is one form of displaying economic data of a region, in addition to other forms of display such as GRDP by business sector, Input-Output Table, Socio-Economic Balance System, and Cash Flow Balance. In the framework system of economic data of a region, GRDP Expenditure is a basic measure that describes the use of goods and services (products) produced through production activities. In this context, GRDP Expenditure describes the “final” result of the production process that takes place within the territorial boundaries of a region. Various types of final goods and services will be used to meet final demand by domestic economic actors as well as economic actors from outside the region and even from abroad. Several important aggregates can be derived from this GRDP Expenditure such as the Final Consumption Expenditure variable, gross fixed capital formation or physical investment, and exports and imports.