Maluku and Papua's Economies Grew by 13% in the Second Quarter of 2022

Economics & Macro

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Dzulfiqar Fathur Rahman 05/08/2022 16:30 WIB

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Maluku and Papua recorded the highest economic growth among all regions, reaching 13.01% (yoy) in the second quarter of 2022.

Economic Growth by Region (Second Quarter 2022)

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Maluku and Papua's Economies Grew by 13% in the Second Quarter of 2022

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Economic Growth by Region (Second Quarter 2022)

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Indonesia recorded strong economic growth in the second quarter of 2022, driven by a surge in household consumption.

According to the Central Bureau of Statistics (BPS), the highest economic growth rate was recorded in Maluku and Papua, where the Gross Domestic Product (GDP) grew by 13.01% (year-on-year) in Q2 2022.

This figure is higher than the 10.75% (year-on-year) growth in Q1 2022 and represents the highest growth rate among all regions.

The GDP growth in Maluku and Papua in Q2 2022 was led by the mining sector, which grew by 7.38% (year-on-year), and the industrial sector, which grew by 2.66% (year-on-year).

Despite having the fastest growth rate, the GDP of Maluku and Papua only contributed 2.58% to Indonesia's total economic output during this period.

Below is a breakdown of the main sectors driving GDP growth in each Indonesian region, along with their annual growth rates in Q2 2022:

Java:

1. Industry: 1.9% (yoy)
2. Trade: 0.94% (yoy)

Sumatra:

1. Trade: 1.45% (yoy)
2. Agriculture: 0.86% (yoy)

Bali and Nusa Tenggara:

1. Mining: 1.24% (yoy)
2. Accommodation and Food Services: 0.73% (yoy)

Kalimantan:

1. Mining: 1.46% (yoy)
2. Trade: 0.86% (yoy)

Sulawesi:

1. Industry: 2.29% (yoy)
2. Trade: 1.18% (yoy)

Maluku and Papua:

1. Mining: 7.38% (yoy)
2. Industry: 2.66% (yoy)

Overall, Indonesia recorded annual GDP growth of 5.44% (year-on-year) in Q2 2022. This growth rate is higher than Bank Mandiri's projection of 5.15% (year-on-year).

(Also read: East Indonesia Has the Highest Poverty Depth in 2022)

Editor : Adi Ahdiat

"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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Maluku and Papua's Economies Grew by 13% in the Second Quarter of 2022

Maluku and Papua's Economies Grew by 13% in the Second Quarter of 2022

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Maluku and Papua's Economies Grew by 13% in the Second Quarter of 2022

Maluku and Papua's Economies Grew by 13% in the Second Quarter of 2022

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