The 2023 current price Gross Regional Domestic Product (GRDP) of Palopo City reached Rp10.5 trillion. The GRDP in this regency/city grew by 4.34% compared to the previous year's Rp9,767.89 billion.
Compared to the COVID-19 pandemic period in 2020, economic growth in this region is significantly higher. The growth at the end of 2020, post-COVID, was recorded at 0.45%.
According to BPS publications, with a total population of 184,300, the GRDP per capita in this region is recorded at Rp54,470,000/capita/year. Nationally, this GRDP per capita ranks 202nd.
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 contributor.
The wholesale and retail trade, repair of motor vehicles and motorcycles sector in Palopo City in 2023 recorded a value of Rp2.49 trillion. This GRDP is ranked first compared to the other 17 sectors. This sector grew by 5.13% compared to the previous year's figure of Rp2.3 trillion.
The second largest GRDP sector in Palopo City is the construction sector, which grew by 5.11% to Rp1.83 trillion. The agriculture, forestry, and fisheries sector, now in third place, experienced negative growth of -0.5% to Rp1.72 trillion.
Other sectors contributing to the top five are transportation and warehousing with a GRDP of Rp793.69 billion.
GRDP Distribution in Palopo City in 2023
According to its distribution level, the main sector contributing the largest growth to the GRDP in Palopo City is the wholesale and retail trade, repair of motor vehicles and motorcycles sector, with a contribution of 25.89%. Other sectors in the top five are agriculture, forestry and fisheries; construction; financial and insurance services; and information and communication.
The sectors with the smallest distribution are Accommodation and Food Services; Mining and Quarrying; Water Supply; Waste Management, Waste and Recycling; Business Services; and Electricity and Gas Supply.