Jambi's Economy Grew by 3.66% in 2021

Reviving community activities and ongoing infrastructure development boosted Jambi's economy in 2021.

The Central Statistics Agency (BPS) reported that Jambi's economy, measured by Gross Regional Domestic Product (GRDP) at current prices, reached Rp233.73 trillion in 2021. The province's economy contributed 6.5% to the GRDP of Sumatra.

Measured by GRDP at constant 2010 prices, Jambi's economy grew by 3.66% to Rp153.88 trillion in 2021 compared to the previous year.

This achievement is better than 2020, which experienced a contraction of 0.44%. However, it is lower than the national growth of 3.69% and the pre-Covid-19 pandemic growth rate, where Jambi's economy grew above 4%.

By industry sector, agriculture was the main pillar of Jambi's economy, contributing 31.56% to the GRDP. This was followed by mining and quarrying with a contribution of 14.09%, and wholesale and retail trade at 12.58%.

Jambi's health services and social activities sector recorded the highest growth at 14.33% in 2021 compared to the previous year. This was followed by the construction sector, which grew by 8.01%, and electricity and gas supply, which grew by 7.08%.

From the expenditure side, household consumption expenditure still dominated Jambi's economy, contributing 44.02%. This was followed by exports contributing 65.84%, minus imports of 41.35%. Gross fixed capital formation (GFCF) contributed 21.89%.

The GFCF component recorded the highest growth, at 9.27% in 2021 compared to the previous year. This was followed by exports, which grew by 3.62%, and household consumption, which grew by 3.4%.