East Nusa Tenggara's Economy Grew by 2.51% in 2021

East Nusa Tenggara (NTT)'s economy, based on the nominal Gross Regional Domestic Product (GRDP), reached Rp 110.89 trillion in 2021. This figure represents only about 0.65% of the national GDP, which reached Rp 16.97 quadrillion.

Measured by the GRDP at 2010 constant prices, the East Nusa Tenggara economy grew by 2.51% to Rp 70.54 trillion in 2021 from the previous year. This achievement is better than the previous year, which experienced a 1.41% contraction.

However, this achievement is lower than the national GDP growth of 3.69% last year and still below the pre-Covid-19 pandemic growth of 6.12% in 2019.

From the business sector perspective, the agricultural sector was the biggest pillar of the NTT economy, contributing 29.17% last year. This was followed by the government administration sector at 13.41%, and wholesale and retail trade at 11.48%.

The largest sources of GRDP growth in NTT last year came from the agricultural sector (1.34%), the construction sector (0.7%), and wholesale and retail trade (0.49%).

From the expenditure side, household consumption contributed the most, reaching 69.59% of the NTT GRDP. This was followed by gross fixed capital formation (GFCF) at 46.57%, and government consumption at 24.52%.

The sources of NTT's GRDP growth came from GFCF at 2.16%, household consumption at 1.21%, and non-profit institutions serving households (NPISH) consumption at 0.23%.