Gross Regional Domestic Product of Manggarai Regency by Industrial Origin 2013-2017

Gross Regional Domestic Product (GRDP) is the gross value added of all goods and services that are created or produced in the domestic territory of a country that arise from a variety of economic activities in a given period regardless of whether the factors of production are owned by resident or non-resident. The measurement of GRDP can be done by applying 3 (three) approaches: production approach, expenditure approach, and income approach are presented based on current prices and constant prices.

GRDP at current prices, known as nominal GRDP is based on the prices at current year period of calculation, and aims to look at the structure of the economy. While the GDP at constant prices is based on the price in the base year and aims to look at economic growth.