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ANALYSIS OF THE INFLUENCE OF GRDP, TOTAL POPULATION, WAGES, AND INFLATION ON TOTAL CONSUMPTION IN SUMATRA PROVINCE IN 2020-2023

Friscatama Puspita Ayu H et al · Universitas KH Abdul Chalim, Prodi Ekonomi Syariah · 2026

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Author / responsible party
Friscatama Puspita Ayu H et al
Publisher
Universitas KH Abdul Chalim, Prodi Ekonomi Syariah
Year
2026
ISSN
2621-606X
ISSN
2621-606X
Language
English

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Consumption is the activity of using goods and services to meet the needs and desires of individuals or households. This study aims to analyze the effect of Gross Domestic Product, population size, minimum wage, and inflation on total consumption in North Sumatra province from 2020 to 2023. The analytical tool used is panel data regretion using secondary data obtained from the Central Bureau of Statistics during the period 2020-2023. The best model selected is the fixed effect model (FEM). Regression results show that GDP affects total consumption in North Sumatra from 2020 to 2023. Meanwhile, population size, minimum wage, and inflation do not affect total consumption in North Sumatra from 2020 to 2023.

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APA 7

al, F. P. A. H. E. (2026). ANALYSIS OF THE INFLUENCE OF GRDP, TOTAL POPULATION, WAGES, AND INFLATION ON TOTAL CONSUMPTION IN SUMATRA PROVINCE IN 2020-2023. https://doi.org/10.31538/iijse.v9i2.9628

MLA

al, Friscatama Puspita Ayu H et. "ANALYSIS OF THE INFLUENCE OF GRDP, TOTAL POPULATION, WAGES, AND INFLATION ON TOTAL CONSUMPTION IN SUMATRA PROVINCE IN 2020-2023." 2026. https://doi.org/10.31538/iijse.v9i2.9628.

Chicago

al, Friscatama Puspita Ayu H et. 2026. "ANALYSIS OF THE INFLUENCE OF GRDP, TOTAL POPULATION, WAGES, AND INFLATION ON TOTAL CONSUMPTION IN SUMATRA PROVINCE IN 2020-2023.". https://doi.org/10.31538/iijse.v9i2.9628.

Harvard

al, F. P. A. H. E. 2026, ANALYSIS OF THE INFLUENCE OF GRDP, TOTAL POPULATION, WAGES, AND INFLATION ON TOTAL CONSUMPTION IN SUMATRA PROVINCE IN 2020-2023, Universitas KH Abdul Chalim, Prodi Ekonomi Syariah, available at: https://doi.org/10.31538/iijse.v9i2.9628 [Accessed 9 Aug. 2026].

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Title
ANALYSIS OF THE INFLUENCE OF GRDP, TOTAL POPULATION, WAGES, AND INFLATION ON TOTAL CONSUMPTION IN SUMATRA PROVINCE IN 2020-2023
Author / contributors
Friscatama Puspita Ayu H et al
Publisher
Universitas KH Abdul Chalim, Prodi Ekonomi Syariah
Publication year
2026
ISSN
2621-606X
ISSN
2621-606X
Language
English

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GRDP; Population; Minimum Wage; Inflation and Consumption Third Word Fourth Word (written in Capitalize Each Word format)
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