Main Economic Drivers in Padang Sidempuan City in 2023

The 2023 current price Gross Regional Domestic Product (GRDP) of Padang Sidempuan City reached Rp7,928.95 billion. The GRDP in this regency/city grew by 5.09% compared to the previous year's Rp7,384.96 billion.

Compared to the COVID-19 pandemic period in 2020, economic growth in this region is significantly higher. Previously, growth at the end of 2020 post-COVID was recorded at a decrease of 0.73%.

According to BPS publications, with a total population of 229,410, the GRDP per capita in this region is recorded at Rp33,570,000/capita/year. Nationally, this GRDP per capita ranks 363rd.

Of the 17 sectors driving economic activity in this regency/city, the wholesale and retail trade, repair of motor vehicles and motorcycles sector is the leading sector.

The wholesale and retail trade, repair of motor vehicles and motorcycles sector ranks first. In 2023, this sector contributed the largest GRDP with a value reaching Rp1.89 trillion. This nominal value grew by 6.85%.

Following this is the construction sector, which grew by 3.8% to Rp917.53 billion, and the agriculture, forestry, and fisheries sector with a GRDP of Rp858.5 billion (3.96%).

Other sectors contributing to the top five are government administration, defense, and mandatory social security with a GRDP of Rp715.81 billion.

GRDP Distribution in Padang Sidempuan City in 2023

According to its distribution level, the main sector contributing the largest growth to the GRDP in Padang Sidempuan City is the wholesale and retail trade, repair of motor vehicles and motorcycles sector, with a contribution of 23.36%. Other sectors in the top five are the education services sector, the construction sector, the agriculture, forestry, and fisheries sector, and the government administration, defense, and mandatory social security sector.

The sectors with the smallest distribution are Other Service Sectors, Corporate Service Sectors, Mining and Quarrying Sector, Water Supply Sector, Waste Management, Waste and Recycling Sector, and Electricity and Gas Supply Sector.