Do you know what GDP is? GRDP is Gross Regional Domestic Product, where the GRDP figure can describe the economy in a region in a certain period. GRDP is calculated by adding up the added value of all sectors included in the GRDP formation. Value Added is obtained from Production minus Intermediate Costs.
Some of the uses of GDP/GRDP include knowing the economic structure of a region, also being able to determine the Economic Growth of a region, for comparison of regional and international economic potential, for further economic analysis and can be the basis for planning and economic policies by relevant stakeholders. .
From the GRDP figures, it can produce economic growth figures and this can be used as a measuring tool to determine the success rate of development of a region in a certain period of time. Besides also to measure the economic performance of a region in a certain period. The calculation of Economic Growth is calculated from GRDP at constant prices.
Positive growth indicates an increase in the production of goods and services, while negative growth or contraction indicates a decrease in goods and services.
From the available data, the economic growth of Tegal Regency during 2016 to 2019 always shows positive growth, which means the economy is going well, production is increasing and prices are also increasing, the standard is around 5 percent. But not in 2020, the Covid-19 pandemic which began to be felt at the beginning of the year around March devastated the economy of Tegal Regency in particular. The sector that was able to survive was the agricultural sector, while the most affected were the industrial, trade, transportation, entertainment services and the education sector which was very sad.
But there are sectors that actually increase their economic activity, namely Information and Communication and Health. Apart from the ups and downs of these sectors, they accumulated negative growth in 2020, namely a 1.46 percent contraction.
Almost all regions in Central and national Java experienced contractions because it was inevitable that the economy would be hampered because they had to follow a new habitual lifestyle by wearing masks, avoiding crowds, maintaining distance and others, even though the community did not fully comply with these regulations. Keep the spirit, strive to fight Covid and do your best, hopefully Covid will pass soon. Amen. (Tri/nerwil)
