Sumatera Selatan GDRP Growth Rate in 2024 5.03 Percent - BPS-Statistics Indonesia Empat Lawang Regency

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The rice harvest area in 2024 will reach 521.09 thousand hectares, an increase of 16.95 thousand hectares or 3.36 percent compared to the rice harvest area in 2023 which was 504.14 thousand hectares.

The month to month (m-to-m) deflation rate for South Sumatra Province in February 2025 was 0.41 percent and the year to date (y-to-d) deflation rate was 0.77 percent.

Sumatera Selatan GDRP Growth Rate in 2024 5.03 Percent

Release Date : February 5, 2025
File Size : 1.5 MB

Abstract

  • The economy of South Sumatra Province in 2024, calculated based on Gross Regional Domestic Product (GRDP) at current prices, will reach IDR 663.96 trillion and GDP per capita will reach IDR 75.13 million.
  • The economy of South Sumatra Province in 2024 will grow by 5.03 percent. In terms of production, the highest growth occurred in the Accommodation and Food and Drink Provision Business Field at 9.39 percent. Meanwhile, the expenditure side was mainly driven by the Consumption Expenditure Component of Nonprofit Institutions Serving Households (PK-LNPRT) which grew by 15.53 percent.
  • The economy of South Sumatra Province in quarter IV-2024 compared to quarter IV-2023 experienced growth of 5.07 percent (y-on-y). In terms of production, the Health Services and Social Activities Business Field experienced the highest growth of 13.62 percent. In terms of expenditure, the highest growth occurred in the PK-LNPRT component, namely 7.42 percent.
  • The economy of South Sumatra Province in the fourth quarter of 2024 experienced a growth contraction of 1.85 percent (q-to-q) compared to the previous quarter. In terms of production, the Agriculture, Forestry and Fisheries Business Field experienced the deepest growth contraction of 12.54 percent. Meanwhile, in terms of expenditure, the imported goods and services component, which is a reducing factor in GRDP, experienced growth of 36.90 percent.
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