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In August 2024, 1.69 million people (37.66 percent) worked in formal activities, an increase of 0.63 percentage points compared to August 2023.

The economy of South Sumatra based on the size of Gross Regional Domestic Product (GRDP) at current prices for the third quarter of 2024 reached IDR 171.65 trillion and at constant prices in 2010 it reached IDR 97.41 trillion.

Reconciliation of Construction Cost Index (IKK) Data 2024

June 14, 2024 | Other Activities

From the 13th to 14th of June, 2024, BPS-Statistics of South Sumatra Province held a Reconciliation of Construction Cost Index (IKK) Data for the results of the third and fourth quarters of 2023 and the first and second quarters of 2024. This event was attended by participants from BPS offices across the regencies/cities of South Sumatra. The BPS-Statistics of Empat Lawang Regency was represented by Ms. Zullyana Cempaka Shelnovta Zulkarnain, S.Tr.Stat. The reconciliation was conducted to compare the data and improve the quality of the Construction Cost Index (IKK) data.

The IKK data is a price index that reflects the construction cost levels of a particular regency/city compared to a reference city. The data is obtained from the Construction Cost Inflation Survey, which specifically collects information on building/construction material prices, heavy equipment rental prices, and construction service wages, carried out across all regencies/cities in Indonesia. The IKK is one of the main components used in calculating the General Allocation Fund (DAU).

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