Main Economic Drivers in Ogan Komering Ulu Selatan Regency in 2023

Economics & Macro

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Agus Dwi Darmawan 16/11/2024 08:28 WIB

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Of the 17 sectors driving economic growth in these regencies/cities, agriculture, forestry, and fisheries are the leading sectors.

Poverty Rate Based on the Household Asset Index (ADHB) in South Ogan Komering Ulu Regency by Sector in 2023

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Poverty Rate Based on the Household Asset Index (ADHB) in South Ogan Komering Ulu Regency by Sector in 2023

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The 2023 current price Gross Regional Domestic Product (GRDP) of Ogan Komering Ulu Selatan Regency was recorded at Rp11.09 trillion. The GRDP in this regency grew by 4.18% compared to the previous year's Rp10.33 trillion.

Compared to the COVID-19 pandemic period in 2020, economic growth in this region is significantly higher. The growth at the end of 2020, post-COVID, was recorded at only 0.37%.

According to BPS (Statistics Indonesia) publications, with a total population of 418,880, the GRDP per capita in this region is recorded at Rp26,140,000/capita/year. Nationally, this GRDP per capita ranks 433rd.

Of the 17 sectors driving the economy in this regency, the agriculture, forestry, and fisheries sector is the leading sector.

The agriculture, forestry, and fisheries sector ranks first. In 2023, this sector contributed the largest GRDP value, reaching Rp3.28 trillion, with a growth of 0.57%.

Second is the wholesale and retail trade, repair of motor vehicles and motorcycles sector, which grew by 8.52% to Rp2.67 trillion, followed by the construction sector with a GRDP of Rp1.93 trillion (5.83% growth).

Finally, completing the top five GRDP sectors in Ogan Komering Ulu Selatan Regency is the real estate sector, valued at Rp530.68 billion. According to BPS, this sector grew by 5.79% over the past year from the previous achievement of Rp496.86 billion.

Distribution of GRDP in Ogan Komering Ulu Selatan Regency in 2023

According to its distribution, the main sector contributing the largest growth to the GRDP in Ogan Komering Ulu Selatan Regency is the agriculture, forestry, and fisheries sector, with a contribution of 33.54%. Other sectors in the top five include wholesale and retail trade, repair of motor vehicles and motorcycles, construction, manufacturing, and real estate.

The sectors with the smallest distribution are Other Services, Information and Communication, Electricity and Gas Supply, Water Supply, Waste Management, Waste and Recycling, and Business Services.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."