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Main Economic Drivers in Sula Islands Regency in 2023

Agus Dwi Darmawan 28/11/2024 14:22 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 ADHB (Average Daily Household Expenditure) in Sula Islands Regency in 2023 by Sector

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Poverty Rate Based on the ADHB (Average Daily Household Expenditure) in Sula Islands Regency in 2023 by Sector

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The 2023 current price Gross Regional Domestic Product (GRDP) of Sula Islands Regency was recorded at Rp3,044.54 billion. The GRDP in this regency grew by 2.57% compared to the previous year's Rp2,875.03 billion.

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 0.1%.

According to BPS (Statistics Indonesia) publications, with a total population of 104,910, the GRDP per capita in this region is recorded at Rp28,200,000/capita/year. Nationally, this GRDP per capita ranks 417th.

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

The agriculture, forestry, and fisheries sector ranks first. In 2023, this sector contributed the largest share to the GRDP, reaching Rp1.34 trillion, a growth of 2.91%.

The second largest contributor to the GRDP in Sula Islands Regency is the wholesale and retail trade, repair of motor vehicles and motorcycles sector, which grew by 3.26% to Rp432.4 billion. This is followed by the public administration, defense, and compulsory social security sector, which grew by 0.37% to Rp420.35 billion.

Finally, rounding out the top five GRDP contributors in Sula Islands Regency is the manufacturing industry, with a value of Rp137.3 billion. According to BPS, this sector grew by 3.06% over the past year from the previous achievement of Rp125.79 billion.

Distribution of GRDP in Sula Islands Regency in 2023

In terms of distribution, the main sector contributing the largest growth to the GRDP in Sula Islands Regency is the agriculture, forestry, and fisheries sector, with a contribution of 40.73%. Other sectors in the top five include wholesale and retail trade, repair of motor vehicles and motorcycles; public administration, defense, and compulsory social security; construction; and the manufacturing industry.

Sectors with the smallest distribution include corporate services; mining and quarrying; electricity and gas supply; real estate; and water supply, waste management, waste disposal, 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 Sula Islands Regency in 2023

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