Key Economic Drivers in Sabang City in 2023

Economics & Macro

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Agus Dwi Darmawan 30/12/2024 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 Aceh Besar District Health Office (ADHB) Data in Sabang City by Sector in 2023

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Poverty Rate Based on the Aceh Besar District Health Office (ADHB) Data in Sabang City by Sector in 2023

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The 2023 current price Gross Regional Domestic Product (GRDP) of Sabang City reached Rp1,746.93 billion. The GRDP in this regency/city grew by 2.96% compared to the previous year's Rp1,642.78 billion.

Compared to the COVID-19 pandemic period in 2020, economic growth in this region appears higher. Previously, growth at the end of 2020 post-COVID was recorded as a decrease of 1.29%.

According to BPS publications, with a total population of 43,395, the GRDP per capita in this region is recorded at Rp40,730,000/capita/year. Nationally, this GRDP per capita ranks 297.5.

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

The construction sector ranks first. In 2023, this sector contributed the largest GRDP with a value of Rp513.66 billion. This nominal figure shows negative growth of -0.33%.

The second largest GRDP sector in Sabang City is the wholesale and retail trade, repair of motor vehicles and motorcycles sector, which grew by 8.71% to Rp291.53 billion; followed by the public administration, defense, and compulsory social security sector with a GRDP of Rp246.11 billion (-0.07%).

Finally, in the top five GRDP sectors of Sabang City is agriculture, forestry, and fisheries with a value of Rp125.04 billion. According to BPS, this sector grew by 8.67% over the past year from the previous achievement of Rp110.21 billion.

Distribution of GRDP in Sabang City in 2023

According to its distribution level, the main sector contributing the largest growth to the GRDP in Sabang City is the construction sector, with a contribution of 29.31%. Other sectors in the top five are wholesale and retail trade, repair of motor vehicles and motorcycles; public administration, defense, and compulsory social security; health services and social activities; and agriculture, forestry, and fisheries.

The sectors with the smallest distribution are Other Services, Mining and Quarrying, Company 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 Sabang City in 2023

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