Gross Regional Domestic Product by Expenditure of Gorontalo Province 2014-2018

One important indicator to find out the economic conditions in a region in a given period is the Gross Regional Domestic Product (GRDP) data, both at current prices and at constant prices. GRDP is basically the amount of added value generated by all business units in a particular area, or is the sum of the value of final goods and services produced by all economic units. GRDP at current prices illustrates the added value of goods and services calculated using the prevailing prices every year, while GDP at constant prices shows the value added of goods and services calculated using prices in a given year as a basis. GDP at current prices can be used to see shifts and economic structure. GDP at constant prices is used to determine economic growth between periods (year to year or quarter to quarter). In this publication the base year used is 2010 and this will certainly reflect the current economic structure.