Gross Regional Domestic Product
Gross Regional Domestic Product (GRDP) measures the economic performance of a region. It covers the value of goods and services produced in the region.
GRDP is usually reported in terms of growth rate and expressed in real terms or at constant prices. Growth rate shows if the economy grows faster (accelerated) or slower (decelerated) or decline (contracted) compared to the previous period.
GRDP measures the relative contribution of the three major economic sectors, Agriculture, Hunting, Forestry, and Fishing (AHFF), Industry, and Services.
Gross Regional Domestic Expenditure
The Gross Regional Domestic Expenditure (GRDE) is intended to complement the current series of the Gross Regional Domestic Product (GRDP). GRDE is defined as the expenditure of residents of the region in the domestic territory plus their expenditures in other regions including the rest of the world.