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Poverty Rate Based on the Household Assets Index (ADHB) in Ternate City by Sector in 2023

Agus Dwi Darmawan 14/12/2024 08:36 WIB

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Of the 17 sectors driving economic growth in these regencies/cities, wholesale and retail trade, and motor vehicle and motorcycle repair are the leading sectors.

Poverty Rate Based on the Household Assets Index (ADHB) in Ternate City by Sector in 2023

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Poverty Rate Based on the Household Assets Index (ADHB) in Ternate City by Sector in 2023

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The 2023 nominal Gross Regional Domestic Product (GRDP) of Ternate City was recorded at Rp13.67 trillion. This represents a 5% growth compared to the previous year's Rp12.31 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 1.61%.

According to BPS (Statistics Indonesia) publications, with a total population of 202,870, the GRDP per capita in this region is recorded at Rp64,500,000/capita/year. Nationally, this ranks 146th.

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.

In 2023, the wholesale and retail trade, repair of motor vehicles and motorcycles sector in Ternate City recorded a value of Rp3.55 trillion, ranking first among the 17 sectors. This sector grew by 10.72% compared to the previous year's figure of Rp3.07 trillion.

Second is the public administration, defense, and compulsory social security sector, which grew by 1.32% to Rp2.27 trillion, followed by the transportation and warehousing sector in third place, growing by 6.82% to Rp2.16 trillion.

Other sectors contributing to the top five include financial and insurance services with a GRDP of Rp1.06 trillion.

Distribution of GRDP in Ternate City in 2023

In terms of distribution, the main sector contributing the largest growth to the GRDP in Ternate City is the wholesale and retail trade, repair of motor vehicles and motorcycles sector, with a contribution of 25.86%. Other sectors in the top five include public administration, defense and compulsory social security; transportation and warehousing; information and communication; and financial and insurance services.

Sectors with the smallest distribution are corporate services; real estate; electricity and gas supply; mining and quarrying; and water supply, waste management, waste disposal 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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Poverty Rate Based on the Household Assets Index (ADHB) in Ternate City by Sector in 2023

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Poverty Rate Based on the Household Assets Index (ADHB) in Ternate City by Sector in 2023

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