FEATURES AND PROBLEMS OF USING GROSS REGIONAL PRODUCT AS AN INTEGRAL INDICATOR OF ECONOMIC DEVELOPMENT

Gross regional product (GDP) is a comprehensive indicator of regional economy development showing quantitative results and peculiarities of local social economic processes in the region. However, the application of this indicator triggers a number of methodological challenges which should be successfully faced and should determine the reliability of the obtained results, as well as the appropriate nature of the solutions for the development planning issues in the regional economy. The paper provides the Perm Krai GRP estimates with the expenditure method, it is compared with gross value added (GVA), a significant statistic difference in GRP indicators estimated with two methods is shown. Problems arisen at carrying out the estimates at the regional level, including partial account for the inter-regional relationships are identified. Types of economic activities with their GVA amount not being distributed among the country's regions are described. Therefore, a number of tasks for the regional statistics bodies are defined to obtain more accurate statistic dat