Main Economic Drivers in Puncak Jaya Regency in 2023

Economics & Macro

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Agus Dwi Darmawan 15/10/2024 14:15 WIB

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

Poverty Rate Based on the Household Assets Index (ADHB) in Puncak Jaya Regency by Sector in 2023

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Poverty Rate Based on the Household Assets Index (ADHB) in Puncak Jaya Regency by Sector in 2023

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The 2023 current price Gross Regional Domestic Product (GRDP) of Puncak Jaya Regency reached Rp1,509.37 billion. The GRDP in this regency grew by 0.94% compared to the previous year's Rp1,450.21 billion.

Compared to the COVID-19 pandemic period in 2020, economic growth in this region is higher. Previously, growth at the end of 2020 post-COVID was recorded at a decrease of 4.04%.

Of the 17 sectors driving economic activity in this regency, the construction sector is the leading one.

The construction sector ranks first. In 2023, this sector contributed the largest GRDP, reaching Rp428.51 billion, a growth of 1.28%.

Following this is the agriculture, forestry, and fisheries sector, with negative growth of nan% resulting in Rp373.4 billion. Then, the GRDP of the public administration, defense, and compulsory social security sector, now in third place, grew by 0% to Rp338.01 billion.

Furthermore, other sectors contributing to the top five are education services with a GRDP of Rp59.21 billion.

GRDP Distribution in Puncak Jaya Regency in 2023

According to its distribution level, the main sector contributing the largest growth to the GRDP in Puncak Jaya Regency is the construction sector, with a contribution of 28.73%. Other sectors in the top five are agriculture, forestry, and fisheries; public administration, defense, and compulsory social security; wholesale and retail trade, repair of motor vehicles and motorcycles; and health and social services.

The sectors with the smallest distribution are Accommodation and Food Services; Business Services; Financial and Insurance 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 Puncak Jaya Regency in 2023

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Main Economic Drivers in Puncak Jaya Regency in 2023

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