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Main Economic Drivers in Magelang Regency in 2023

Agus Dwi Darmawan 28/12/2024 08:23 WIB

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

Poverty Rate Based on the Indonesian Household Expenditure Survey (Susenas) in Magelang Regency by Sector in 2023

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Poverty Rate Based on the Indonesian Household Expenditure Survey (Susenas) in Magelang Regency by Sector in 2023

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Magelang Regency's 2023 current price Gross Regional Domestic Product (GRDP) was recorded at Rp40.68 trillion. This represents a 5.04% growth compared to the previous year's Rp37.43 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 was recorded at a decrease of 1.67%.

According to BPS publications, with a total population of 1.32 million, the GRDP per capita in the region is recorded at Rp30,570,000 per capita per year. Nationally, this ranks 396th.

Of the 17 sectors driving the economy in this regency, the manufacturing industry is the leading sector.

In 2023, the manufacturing sector in Magelang Regency recorded a value of Rp9.63 trillion, ranking first among the 17 sectors. This sector grew by 6.8% compared to the previous year's figure of Rp8.63 trillion.

Following this is the agriculture, forestry, and fisheries sector, which grew by 0.99% to Rp7.91 trillion, followed by the wholesale and retail trade, repair of motor vehicles and motorcycles sector in third place with a GRDP of Rp5.38 trillion (4.6%).

Other sectors contributing to the top five include the education services sector with a GRDP of Rp2.35 trillion.

Distribution of GRDP in Magelang Regency in 2023

In terms of distribution, the main sector contributing the most to GRDP growth in Magelang Regency is the manufacturing sector, with a contribution of 22.18%. Other sectors in the top five are agriculture, forestry and fisheries; wholesale and retail trade, repair of motor vehicles and motorcycles; construction; and information and communication.

The sectors with the smallest distribution are Real Estate; Health and Social Services; 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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Main Economic Drivers in Magelang Regency in 2023

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