Gross Regional Domestic Product of Daerah Istimewa Yogyakarta by Expenditures 2018–2022

Gross Regional Domestic Product (GRDP) is one of the economic data that can be used to evaluate the performance of economic development of a region (province and district/city). This data set also be used for other purposes, such as the basic for economic models improvement in order to formulate policy, velocity of money, the financial deepening, tax assessment, the study on export and import and so on.

According to macroeconomic theory, estimation of GRDP can be done through three approaches, namely: production approach/supply side (GRDP by industrial origin/industry), expenditure approach/final demand (GRDP by expenditure) and the income approach (GRDP by income). In theory, the three approaches of estimation will produce the same GRDP figures. This publication specifically addresses the GRDP by expenditure/final demand approach. This approach is specified into several components, namely: Household Consumption Expenditure, Non-Profit Institutions Serving Households Consumption Expenditure, Government Consumption Expenditure, Investment (Gross Fixed Capital Formation and Change in Inventory), Foreign Export, Foreign Import, and inter-region Net Exports (inter-regional exports minus inter-regional imports). GRDP data in this publication and subsequent publications using the base year of 2010, and already apply the concept of the System of National Accounts 2008 as recommended by the United Nations.

To all Compiler Team that has contributed in creating this publication we would like to give the highest appreciation. Similarly to government agencies and institutions/private companies that have been supporting data for the preparation of this publication we would like to say our sincere thanks. Hopefully this cooperation can continue and can be improved in the future.