North Maluku's Economic Growth Highest Nationally in Q1 2022

Economics & Macro

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Viva Budy Kusnandar 12/05/2022 17:00 WIB

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North Maluku's economy surged 29.63% in the first quarter of 2022 compared to the first quarter of 2021 (year-on-year/YoY).

Top 10 Provinces with the Highest Annual Economic Growth (Quarter I 2022)

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North Maluku's Economic Growth Highest Nationally in Q1 2022

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Top 10 Provinces with the Highest Annual Economic Growth (Quarter I 2022)

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The Central Statistics Agency (BPS) reported that North Maluku's Gross Regional Domestic Product (GRDP) at current prices was Rp17.06 trillion in the first quarter of 2022.

Measured in terms of GRDP at constant 2010 prices, North Maluku's economy surged 29.63% compared to the first quarter of 2021 (year on year/yoy).

Annually, North Maluku's economic growth was the highest compared to other provinces in the same period.

One of the drivers of the high economic growth in North Maluku was the surge in the processing industry's GRDP, which grew by 138.92% (yoy). As is known, the processing industry contributes 31.55% to the province's GRDP.

(Also Read: Only West Papua's Economy Declined in the First Quarter of 2022)

The province with the next highest economic growth in the first quarter of 2022 was Papua, at 13.33% (yoy).

This was followed by Central Sulawesi at 10.49% (yoy), West Nusa Tenggara (NTB) at 7.76% (yoy), and Central Kalimantan at 7.32% (yoy).

West Java also grew by 5.61% (yoy) in the first three months of this year. This was followed by East Java at 5.2% (yoy), Central Java at 5.16% (yoy), South Sumatra at 5.15% (yoy), and Southeast Sulawesi at 5.07% (yoy).

Overall, Indonesia's economy grew by 5.01% (yoy) in the first quarter of 2022. Meanwhile, the economies of the 34 provinces grew by 4.81% (yoy).

Editor : Adi Ahdiat

"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."