Kaltara Leads Kalimantan's Economic Growth

Economics & Macro

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15/09/2017 17:54 WIB

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North Kalimantan's (Kaltara) economy grew by 6.44 percent in the second quarter of 2017 compared to the same quarter of the previous year (YoY). This achievement is the highest among the other four provinces on Kalimantan Island and above the national growth of 5.01 percent.

The economy of this province, with its capital city Tanjung Selor, based on the Gross Regional Domestic Product (GRDP) at current prices reached Rp 19.03 trillion, while at constant 2010 prices it reached Rp 13.45 trillion.

Based on the economic structure, the contribution of this newest province in Indonesia reached 6.86 percent in Kalimantan Island, significantly below East Kalimantan which reached 52.44 percent. However, Kaltara managed to record the highest GRDP growth while East Kalimantan experienced an economic slowdown due to the fall in oil and other commodity prices.

"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."

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Kaltara Leads Kalimantan's Economic Growth

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Kaltara Leads Kalimantan's Economic Growth

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