Main Economic Drivers in Sungai Penuh City in 2023

Economics & Macro

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Agus Dwi Darmawan 06/12/2024 14:28 WIB

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Other sectors in the top five are information and communication, construction, education services, and corporate services.

Poverty Rate Based on the ADHB (Indonesian standard for poverty measurement) in Sungai Penuh City by Sector in 2023

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Poverty Rate Based on the ADHB (Indonesian standard for poverty measurement) in Sungai Penuh City by Sector in 2023

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The 2023 nominal Gross Regional Domestic Product (GRDP) of Sungai Penuh City was recorded at Rp9,475.14 billion. This represents a 4.92% growth compared to the previous year's Rp8,679.09 billion.

Compared to the COVID-19 pandemic period in 2020, the economic growth in this region is significantly higher. At the end of 2020, post-COVID, economic growth recorded a decrease of 0.16%.

According to BPS (Statistics Indonesia) publications, with a total population of 100,850, the GRDP per capita in this region is recorded at Rp94,970,000/capita/year. Nationally, this GRDP per capita ranks 79th.

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

In 2023, the wholesale and retail trade, repair of motor vehicles and motorcycles sector in Sungai Penuh City recorded a value of Rp2.95 trillion. This is the highest among the 17 sectors. This sector grew by 6.69% compared to the previous year's figure of Rp2.59 trillion.

Next in second place is the information and communication sector, which grew by 4.85% to Rp1.3 trillion, followed by the construction sector with a GRDP of Rp1.02 trillion (4.42%).

Other sectors contributing to the top five are corporate services with a GRDP of Rp586.33 billion.

Distribution of GRDP in Sungai Penuh City in 2023

Based on its distribution, the main sector contributing the most to GRDP growth in Sungai Penuh City is the wholesale and retail trade, repair of motor vehicles and motorcycles sector, with a contribution of 26.1%. Other sectors in the top five are information and communication, construction, education services, and corporate services.

The sectors with the smallest distribution are Accommodation and Food Services, Mining and Quarrying, Manufacturing Industry, Water Supply, Waste Management, Waste and Recycling, and Electricity and Gas Supply.

"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."