Gross regional domestic product
Nowadays, Gross regional domestic product is a topic that has caught the attention of many people around the world. With the advancement of technology and unlimited access to information, Gross regional domestic product has become a relevant topic in today's society. Whether due to its impact on health, its influence on human relationships or its importance in the economy, Gross regional domestic product has become a topic of general interest. In this article, we will explore different aspects of Gross regional domestic product and how it has come to the fore in the public conversation. From its origin to its future implications, there is no doubt that Gross regional domestic product is a topic that deserves to be analyzed and understood in depth.
Gross regional domestic product (GRDP), gross domestic product of region (GDPR), or gross state product (GSP) is a statistic that measures the size of a region's economy. It is the aggregate of gross value added (GVA) of all resident producer units in the region, and analogous to national gross domestic product. The GRDP includes regional estimates on the three major sectors including their sub-sectors, namely:
- Raw material sector: Agriculture, animal husbandry, fishery, and forestry.
- Industry sector: Construction, electricity, manufacturing, mining, quarrying, and water.
- Service sector: Communication, finance, private government services, property management, real estate sales, storage, trade, and transport.
"The GRDP is usually presented in nominal and real terms. Nominal GRDP measures the value of the outputs of the economy at current prices. Real GRDP referred to as GRDP at constant prices, measures the value of an economy's output using the prices of a fixed base year. The real GRDP is useful in capturing real output growth since inflationary effects have been removed. It is, therefore, the most widely used measure of real income."
See also
- Gross metropolitan product
- List of Chinese administrative divisions by GDP
- List of Chinese administrative divisions by GDP per capita
- List of cities by GDP
- List of EU metropolitan areas by GDP
- List of European Union regions by GDP
- List of German states by GRP
- List of Indonesian provinces by GDP
- List of Indonesian provinces by GRP per capita
- List of NUTS regions in the European Union by GDP
- List of Russian federal subjects by GRP
- List of U.S. metropolitan areas by GDP
- List of U.S. metropolitan areas by GDP per capita
- List of U.S. states and territories by GDP
References
- ^ "NSCB - Technical Notes - Gross Regional Domestic Product (GRDP)". Archived from the original on 2008-01-05. Retrieved 2008-01-09.
- ^ "Evis.net.ph - evis Resources and Information". Archived from the original on 2008-07-07.
External links
- Eurostat – Statistics Explained: GDP at regional level (European regions at NUTS 2 level)
- UNSTATS (2010) Gross regional product (GRP): an introduction
 | This article related to macroeconomics is a stub. You can help Wikipedia by expanding it. |