Main Economic Drivers in Tanjung Balai City in 2023

Economics & Macro

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Agus Dwi Darmawan 25/12/2024 17:32 WIB

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Other sectors in the top five are the manufacturing industry sector, the agriculture, forestry, and fisheries sector, the construction sector, and the transportation and warehousing sector.

Poverty Rate and Headcount Ratio (HDR) in Tanjung Balai City by Sector in 2023

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Poverty Rate and Headcount Ratio (HDR) in Tanjung Balai City by Sector in 2023

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The 2023 nominal Gross Regional Domestic Product (GRDP) of Tanjung Balai City was recorded at Rp11.21 trillion. This represents a 4.86% growth compared to the previous year's Rp10.47 trillion.

Compared to the COVID-19 pandemic period in 2020, the economic growth in this region is significantly higher. At the end of 2020, post-COVID, economic growth recorded a decrease of 0.47%.

According to BPS (Statistics Indonesia) publications, with a total population of 181,380, the GRDP per capita in this region is recorded at Rp61,200,000/capita/year. Nationally, this ranks 159th.

Of the 17 sectors driving the economy in this regency/city, the wholesale and retail trade, repair of motor vehicles and motorcycles sector is the leading contributor.

This sector, ranked first, contributed the largest amount to the GRDP in 2023, reaching Rp2.7 trillion, showing a growth of 5.19%. Second is the manufacturing industry, growing by 4.52% to Rp2.26 trillion, followed by the construction sector, growing by 4.44% to Rp1.71 trillion.

Other sectors contributing to the top five include transportation and warehousing with a GRDP of Rp685.36 billion.

Distribution of GRDP in Tanjung Balai City in 2023

In terms of distribution, the main sector contributing the most to GRDP growth in Tanjung Balai City is wholesale and retail trade, repair of motor vehicles and motorcycles, with a contribution of 23.34%. Other sectors in the top five include the manufacturing industry, agriculture, forestry and fisheries, construction, and transportation and warehousing.

Sectors with the smallest distribution include Information and Communication, Health and Social Services, Electricity and Gas Supply, Business Services, 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."