Gross Regional Domestic Product of Pacitan Regency By Expenditure 2017-2021

In essence, economic development is a series of efforts and policies aimed at improving people's living standards, expanding employment opportunities, equitable distribution of people's income, improving regional economic relations and through shifting economic activity from the primary sector to the secondary and tertiary sectors. In other words, the direction of economic development is to strive so that people's incomes increase, accompanied by the best possible level of equity. in economics. National/regional income figures can also be used as an evaluation material for the results of economic development that have been carried out by various parties, both central/regional governments, and the private sector. Gross Regional Domestic Product (GRDP) is the gross added value of all goods and services created or produced in the domestic territory of a country arising from various economic activities in a certain period regardless of whether the production factors are owned by residents or non-residents. The preparation of GRDP can be done through 3 (three) approaches, namely the production, expenditure, and income approaches which are presented on the basis of current prices and constant prices.