Main Economic Drivers in the Siau Tagulandang Biaro Islands Regency in 2023

The 2023 Gross Regional Domestic Product (GRDP) at current prices in Siau Tagulandang Biaro Islands Regency was recorded at Rp3,114.28 billion. The GRDP in this regency grew by 5.25% compared to the previous year's Rp2,856.4 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 only 1.03%.

According to BPS publications, with a total population of 70,938, the GRDP per capita in this region is recorded at Rp42,430,000/capita/year. Nationally, this GRDP per capita ranks 281.5.

Of the 17 sectors driving economic activity in this regency, the agriculture, forestry, and fisheries sector is the leading sector.

The agriculture, forestry, and fisheries sector ranks first. In 2023, this sector contributed the largest share to the GRDP, reaching Rp973.07 billion. This nominal value grew by 3.6%.

Next, in second place is the wholesale and retail trade, repair of motor vehicles and motorcycles sector, which grew by 4.53% to Rp474.73 billion, followed by the public administration, defense, and compulsory social security sector, which grew by 6.35% to Rp457.68 billion.

Furthermore, other sectors contributing to the top five are construction with a GRDP of Rp309.59 billion.

Distribution of GRDP in Siau Tagulandang Biaro Islands Regency in 2023

According to its distribution, the main sector contributing the largest growth to the GRDP in Siau Tagulandang Biaro Islands Regency is the agriculture, forestry, and fisheries sector, with a contribution of 35.64%. Other sectors in the top five are wholesale and retail trade, repair of motor vehicles and motorcycles; public administration, defense, and compulsory social security; construction; and transportation and warehousing.

The sectors with the smallest distribution are Information and Communication; Other Services; Water Supply; Waste Management, Waste and Recycling; Electricity and Gas Supply; and Business Services.