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:
"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."[2]
gross, regional, domestic, product, grdp, gross, domestic, product, region, gdpr, gross, state, product, statistic, that, measures, size, region, economy, aggregate, gross, value, added, resident, producer, units, region, analogous, national, gross, domestic, . 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 1 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 2 See also editGross 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 GDPReferences edit 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 editEurostat Statistics Explained GDP at regional level European regions at NUTS 2 level UNSTATS 2010 Gross regional product GRP an introduction nbsp This article related to macroeconomics is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Gross regional domestic product amp oldid 1202149475, wikipedia, wiki, book, books, library,
