Supported by Mining, Papua's Economy Grew 14.54% in the Third Quarter of 2021

Papua's economy, measured by its Gross Regional Domestic Product (GRDP) at constant 2010 prices (ADHK), grew by 14.54% to Rp 40.33 trillion in the third quarter of 2021 compared to the third quarter of 2020 (year-on-year/YoY). This growth was driven by the mining and quarrying sector.

Excluding the mining and quarrying sector, the province's ADHK GRDP grew by only 2.42% to Rp 23.62 trillion in the third quarter of this year (YoY).

The mining and quarrying sector recorded the highest growth in the third quarter of 2021, reaching 37.56% (YoY) to Rp 16.7 trillion. This was followed by the wholesale and retail trade, repair of motor vehicles and motorcycles sector, which grew by 9.3% (YoY) to Rp 3.58 trillion.

The mining and quarrying sector was the largest contributor to Papua's economy, accounting for 37.8% of the total GRDP. This sector also contributed the largest share to the growth of the economy in Indonesia's easternmost province, reaching 12.95%.

In terms of expenditure-based GRDP growth, the foreign export component recorded the highest growth at 149.86% (YoY) in the third quarter of 2021. Foreign imports (which reduce GRDP) grew by 117.49% (YoY).

Furthermore, the gross fixed capital formation (GFCF) component grew by 43.55% (YoY) in the third quarter of this year. Household nonprofit institutions' serving households (NPISH) consumption expenditure grew by 7.44% (YoY), and household consumption expenditure grew by 1.39% (YoY). Government consumption expenditure, however, contracted by 3.86% (YoY).

(read: [Supported by Mining, Papua's Economy Grew by 13.14% in the Second Quarter of 2021](https://databoks.katadata.co.id/datapublish/2021/08/06/ditopang-pertambangan-ekonomi-papua-tumbuh-1314-pada-kuartal-ii-2021))