Construction Sector Shows Highest Growth in West Nusa Tenggara in Q3 2021

The Central Statistics Agency (BPS) reported that the economy of West Nusa Tenggara (NTB) grew by 2.42% year-on-year (yoy) in the third quarter of 2021. This growth occurred in 13 business sectors, while four other sectors experienced contraction.

Construction was the sector with the highest growth in NTB in the third quarter of 2021, at 14.82%. It was followed by health and social services at 9.7%.

Meanwhile, accommodation and food/beverage services experienced the highest contraction in NTB from July to September 2021, at 6.44%. Above that was public administration, which experienced a decrease of 1.12%.

The contribution of the agriculture, forestry, and fisheries sector to NTB's GRDP remained the largest, at 23.59%. This was followed by mining and quarrying at 13.92%; wholesale and retail trade, repair of motor vehicles and motorcycles at 13.92%; and construction at 10.33%.

Based on expenditure, the foreign export component experienced the highest growth, at 83.59% (yoy). The growth of gross fixed capital formation (GFCF) and household consumption expenditure were 7.42% (yoy) and 3.49% (yoy), respectively.