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Main Economic Drivers in Lima Puluh Kota Regency in 2023

Agus Dwi Darmawan 03/11/2024 08:19 WIB

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Of the 17 sectors driving economic growth in these regencies/cities, agriculture, forestry, and fisheries are the leading sectors.

Poverty Rate Based on the Household Asset Index (ADHB) in Lima Puluh Kota Regency by Sector in 2023

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Poverty Rate Based on the Household Asset Index (ADHB) in Lima Puluh Kota Regency by Sector in 2023

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The 2023 current price Gross Regional Domestic Product (GRDP) of Lima Puluh Kota Regency was recorded at Rp19.6 trillion. The GRDP in this regency grew by 4.55% compared to the previous year's Rp17.9 trillion.

Compared to the COVID-19 pandemic period in 2020, economic growth in this region is significantly higher. Previously, at the end of 2020, post-COVID growth recorded a decline of 1.16%.

According to BPS publications, with a total population of 395,310, the GRDP per capita in this region is recorded at Rp49,450,000/capita/year. Nationally, this GRDP per capita ranks 233rd.

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 in Lima Puluh Kota Regency is the mainstay sector and contributed the largest share to the GRDP in 2023, reaching Rp6.09 trillion. This GRDP grew by 3.45% compared to the previous year's Rp5.63 trillion.

Following this, the wholesale and retail trade, repair of motor vehicles and motorcycles sector grew by 5.5% to Rp3.06 trillion, and the transportation and warehousing sector grew by 5.86% to Rp2.07 trillion.

In addition, another sector contributing to the top five is the manufacturing industry with a GRDP of Rp1.28 trillion.

Distribution of GRDP in Lima Puluh Kota Regency in 2023

According to its distribution level, the main sector contributing the largest growth to the GRDP in Lima Puluh Kota Regency is the agriculture, forestry, and fisheries sector, with a contribution of 31.8%. Other sectors in the top five are wholesale and retail trade, repair of motor vehicles and motorcycles, transportation and warehousing, mining and quarrying, and information and communication.

The sectors with the smallest distribution are Real Estate, Accommodation and Food Service, Business Services, 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."

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Main Economic Drivers in Lima Puluh Kota Regency in 2023

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