Central Kalimantan's Economy Grew by 3.4% in 2021

Central Kalimantan's economy, based on the 2010 constant price (ADHK) Gross Regional Domestic Product (GRDP), grew by 3.4% to Rp 102.29 trillion last year, compared to the previous year.

This achievement is better than the previous year's 1.41% contraction. However, it is still lower than the growth before the Covid-19 pandemic, which reached 6.12%.

Based on the current price (ADHB) GRDP, it reached Rp 170 trillion in 2021. This value represents only about 1% of the national GDP, which reached Rp 16.97 quadrillion. It also accounts for 12.15% of Kalimantan's GRDP.

In terms of economic sectors, agriculture was the largest contributor to the economy of this province with its capital city in Palangkaraya, contributing 22.42% to the GRDP last year. This was followed by the manufacturing industry with 16.7%, and wholesale and retail trade with 12.37%.

The largest sources of GRDP growth in Kalimantan came from the manufacturing sector (0.64%), followed by agriculture (0.63%), and wholesale and retail trade (0.27%) throughout last year.

From the expenditure side, the gross fixed capital formation (GFCF) contributed the most, reaching 40.78%, followed by household consumption at 39.29%.

The growth of government consumption was 2.53% in 2021, the highest compared to other components such as GFCF (0.925%) and household consumption (0.65%).