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Main Economic Drivers in South Labuhan Batu Regency in 2023

Agus Dwi Darmawan 07/12/2024 08:15 WIB

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Of the 17 sectors driving economic growth in these regencies/cities, the manufacturing industry is the leading sector.

Poverty Rate Based on the ADHB (Indonesian standard for poverty measurement) in South Labuhan Batu Regency by Sector in 2023

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Poverty Rate Based on the ADHB (Indonesian standard for poverty measurement) in South Labuhan Batu Regency by Sector in 2023

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The 2023 current price Gross Regional Domestic Product (GRDP) of South Labuhan Batu Regency was recorded at Rp37.58 trillion. The GRDP in this regency grew by 4.94% compared to the previous year's Rp34.15 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 0.8%.

According to BPS publications, with a total population of 326,390, the GRDP per capita in this region is recorded at Rp113.62 million/capita/year. Nationally, this GRDP per capita ranks 62nd.

Of the 17 sectors driving the economy in this regency, the manufacturing industry is the leading sector.

The manufacturing sector in South Labuhan Batu Regency in 2023 recorded a value of Rp15.73 trillion. This GRDP is ranked first compared to the other 17 sectors. This sector grew by 4.52% compared to the previous year's figure of Rp14.6 trillion.

Second is the agriculture, forestry, and fisheries sector, which grew by 4.73% to Rp11.58 trillion, followed by the wholesale and retail trade, repair of motor vehicles and motorcycles sector, which grew by 5.85% to Rp4.89 trillion.

Other sectors contributing to the top five include real estate with a GRDP of Rp842.14 billion.

Distribution of GRDP in South Labuhan Batu Regency in 2023

According to its distribution level, the main sector contributing the largest growth to the GRDP in South Labuhan Batu Regency is the manufacturing sector, with a contribution of 38.88%. Other sectors in the top five are agriculture, forestry, and fisheries; wholesale and retail trade, repair of motor vehicles and motorcycles; construction; and real estate.

The sectors with the smallest distribution are Mining and Quarrying; Company Services; Other Services; Electricity and Gas Supply; and Water Supply, Waste Management, Waste and Recycling.

"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."

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Main Economic Drivers in South Labuhan Batu Regency in 2023

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Main Economic Drivers in South Labuhan Batu Regency in 2023

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