Gross Regional Domestic Product of Bojonegoro Regency by Expenditure 2018-2022

Gross Regional Domestic Product (GRDP) is one of the economic data sets that can be used to evaluate the economic development performance of a region (province or district/city). This data set can also be used for other purposes and interests, such as as a basis for developing economic models in the framework of formulating policies, the rate of acceleration of the money supply (velocity of money), financial deepening, tax determination, export-import studies. , etc.During the 2018–2022 period, the GRDP of Bojonegoro Regency was mostly used to meet household final consumption needs (PK-RT). Expenditures for capital formation activities (PMTB) also have a relatively large contribution, which is around 18 to 22 percent. Although the export component contributes around 48 to 60 percent, the import component as a reducing component to GRDP still contributes relatively large, namely around 17 to 27 percent. This indicates that some domestic needs must still be met by products originating from outside the region or even abroad (imports).