Key Economic Drivers in Kediri City in 2023

Agus Dwi Darmawan 30/11/2024 14:27 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 Household Asset Index (ADHB) in Kediri City by Sector in 2023

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Poverty Rate Based on the Household Asset Index (ADHB) in Kediri City by Sector in 2023

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The 2023 nominal Gross Regional Domestic Product (GRDP) of Kediri City was recorded at Rp159.75 trillion. This represents a 1.92% growth compared to the previous year's Rp152.78 trillion.

Compared to the COVID-19 pandemic period in 2020, economic growth in this region is significantly higher. At the end of 2020, post-COVID, growth fell by 6.25%.

According to BPS (Statistics Indonesia) publications, with a total population of 296,790, the GRDP per capita in this region is recorded at Rp541.11 million/capita/year. Nationally, this ranks 3rd.

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

The manufacturing sector ranks first. In 2023, this sector contributed the largest share to the GRDP, reaching Rp127.78 trillion, with a growth of 0.62%.

Second is the wholesale and retail trade, repair of motor vehicles and motorcycles sector, which grew by 6.02% to Rp16.28 trillion, followed by the information and communication sector, which grew by 8.32% to Rp3.42 trillion.

Finally, rounding out the top five GRDP contributors in Kediri City is the accommodation and food service sector, with a value of Rp2.84 trillion. According to BPS, this sector grew by 9.97% year-on-year from the previous year's Rp2.47 trillion.

Distribution of GRDP in Kediri City in 2023

Based on its distribution, the manufacturing sector contributed the largest share to GRDP growth in Kediri City, accounting for 77.21%. Other top five sectors include wholesale and retail trade, repair of motor vehicles and motorcycles; information and communication; construction; and accommodation and food services.

The sectors with the smallest distribution are Corporate Services; Health and Social Services; Water Supply; Waste Management, Waste and Recycling; Electricity and Gas Supply; and Mining and Quarrying.

"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."