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Key Economic Drivers in Payakumbuh City in 2023

Agus Dwi Darmawan 17/12/2024 17:09 WIB

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Of the 17 sectors driving economic growth in these regencies/cities, wholesale and retail trade, and motor vehicle and motorcycle repair are the leading sectors.

Poverty Rate Based on the ADHB (Indonesian standard for poverty measurement) in Payakumbuh City by Sector in 2023

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Poverty Rate Based on the ADHB (Indonesian standard for poverty measurement) in Payakumbuh City by Sector in 2023

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Payakumbuh City's 2023 current price Gross Regional Domestic Product (GRDP) reached Rp8,982.35 billion. This represents a 4.7% increase compared to the previous year's Rp8,250.3 billion.

Compared to the COVID-19 pandemic year of 2020, the region's economic growth is significantly higher. At the end of 2020, post-COVID, growth recorded a decrease of 1.65%.

According to BPS (Statistics Indonesia) publications, with a total population of 144,730, the GRDP per capita in the region is recorded at Rp62,020,000/capita/year. Nationally, this ranks 157th.

Of the 17 sectors driving the region's economy, wholesale and retail trade, repair of motor vehicles and motorcycles is the leading sector.

Wholesale and retail trade, repair of motor vehicles and motorcycles in Payakumbuh City is the mainstay sector, contributing the largest share to the 2023 GRDP, reaching Rp2.25 trillion. This represents a 4.66% growth compared to the previous year's Rp2.07 trillion.

The second largest contributor to Payakumbuh City's GRDP is the construction sector, which grew by 5.84% to Rp1.23 trillion, followed by the transportation and warehousing sector with a GRDP of Rp1.09 trillion (5.59%).

Finally, rounding out the top five GRDP sectors in Payakumbuh City is public administration, defense, and compulsory social security, with a value of Rp628.95 billion. According to BPS, this sector grew by 1.88% year-on-year from the previous year's Rp594.22 billion.

Distribution of GRDP in Payakumbuh City in 2023

In terms of distribution, the main sector contributing the largest growth to Payakumbuh City's GRDP is wholesale and retail trade, repair of motor vehicles and motorcycles, with a contribution of 24.09%. Other sectors in the top five include transportation and warehousing, construction, information and communication, and public administration, defense, and compulsory social security.

The sectors with the smallest distribution are Health and Social Services, Mining and Quarrying, Business Services, Water Supply, Waste Management, Waste and Recycling, and Electricity and Gas Supply.

"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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Key Economic Drivers in Payakumbuh City in 2023

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