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

Gross Regional Domestic Product (GRDP) is one of the economic data tools that can be used to evaluate the performance of a region's economic development, as a basis for developing economic models in order to formulate policies, the rate of acceleration of money circulation (velocity of money), financial deepening, tax determination, export and import studies and so on. This publication displays the GRDP of Magelang City calculated using the expenditure approach. Through the expenditure approach, GRDP is detailed according to expenditure components consisting of Household Consumption Expenditure (PKRT), Consumption Expenditure of Non-Profit Institutions Serving Households (PKLNPRT), Government Consumption Expenditure (PKP), investment or Gross Fixed Capital Formation (PMTB), Changes in Inventory and Export Import.