Main Economic Drivers in Binjai City in 2023

Economics & Macro

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Agus Dwi Darmawan 19/04/2025 17:29 WIB

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Other sectors in the top five are construction, manufacturing, transportation and warehousing, and real estate.

Poverty Rate Based on the Number of Households in Binjai City by Sector in 2023

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Poverty Rate Based on the Number of Households in Binjai City by Sector in 2023

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Binjai City's 2023 Gross Regional Domestic Product (GRDP) at current prices reached Rp14.46 trillion. This represents a 4.75% growth compared to the previous year's Rp13.32 trillion.

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 decline of 1.83%.

According to BPS (Statistics Indonesia) publications, with a total population of 305,980, the GRDP per capita in the region is recorded at Rp47,680,000/capita/year. Nationally, this ranks 249th.

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

The wholesale and retail trade, repair of motor vehicles and motorcycles sector holds the top position. In 2023, this sector contributed the largest share to the GRDP, reaching Rp4.38 trillion, showing a growth of 5.53%.

Following this is the construction sector, which grew by 2.96% to Rp1.74 trillion, and the manufacturing industry sector with a GRDP of Rp1.66 trillion (3.25% growth).

Other sectors contributing to the top five include the real estate sector with a GRDP of Rp1.07 trillion.

Distribution of GRDP in Binjai City in 2023

Based on its distribution, the main sector contributing the most to GRDP growth in Binjai City is the wholesale and retail trade, repair of motor vehicles and motorcycles sector, with a contribution of 31.43%. Other sectors in the top five include construction, manufacturing, transportation and warehousing, and real estate.

The sectors with the smallest distribution are Health and Social Services, Business 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 Binjai City in 2023

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Main Economic Drivers in Binjai City in 2023

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