In 2017, GRP by expenditure for Shanghai was 30,633 100 million yuan. Between 2003 and 2017, GRP by expenditure of Shanghai grew substantially from 6,694 to 30,633 100 million yuan rising at an increasing annual rate that reached a maximum of 20.59% in 2004 and then decreased to 8.71% in 2017.
The description is composed by our digital data assistant.GDP by Expenditure Approach refers to the method of measuring the final results of production activities of a country (region) during a given period from the perspective of final uses. It includes final consumption expenditure, gross capital formation, and net export of goods and services. The formula for computation is.:GDP by expenditure approach = final consumption expenditure + gross capital formation + net export of goods and services
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