North Kalimantan's Economy Grew 5.24% in Q3 2021

North Kalimantan's (Kaltara) economy, measured by Gross Regional Domestic Product (GRDP) at current prices, reached Rp 28.08 trillion in the third quarter of 2021.

Meanwhile, when measured by GRDP at constant 2020 prices, the economy of Indonesia's youngest province grew by 5.24% to Rp 15.98 trillion in the third quarter of 2021 compared to the third quarter of 2020 (year-on-year/yoy).

The mining and quarrying sector, the agricultural sector, and the wholesale and retail trade sector grew to become the mainstays of Kaltara's GRDP in the third quarter of this year. As is known, the mining sector contributed 26.35% to Kaltara's economy, the agricultural sector 16.6%, and wholesale and retail trade contributed 12.58% of the GRDP.

From the expenditure side, the export of goods and services component contributed 104.09% to Kaltara's GRDP. This figure is reduced by the import of goods and services, amounting to 55.32%.

The next largest contribution to Kaltara's GRDP was gross fixed capital formation (GFCF), reaching 28.33%. This was followed by household consumption at 14.84%, government expenditure at 7.06%, and non-profit household consumption at 0.67%.