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North Sumatra Economic Growth Quarter I-2024

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Release Date	:	May 6, 2024
File Size	:	2.35 MB

Abstract

The economy of North Sumatra based on the size of the Gross Regional Domestic Product (GRDP) for the first quarter of 2024 at current prices reached IDR 273.49 trillion and at constant prices in 2010 it reached IDR 152.82 trillion.

North Sumatra's economy in the first quarter of 2024 contracted by 0.59 percent (q-to-q) compared to the previous quarter. From the production side, the deepest growth contraction occurred in the Health Services and Social Activities Business Field at 5.01 percent. Meanwhile, in terms of expenditure, the Government Consumption Expenditure Component (PK-P) experienced the deepest growth contraction of 13.62 percent.

North Sumatra's economy in the first quarter of 2024 to the first quarter of 2023 grew by 4.88 percent (y-on-y). In terms of production, the Accommodation and Food and Drink Providing Business Field experienced the highest growth of 11.63 percent. Meanwhile, in terms of expenditure, the LNPRT Consumption Expenditure Component experienced the highest growth of 17.69 percent.

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Badan Pusat Statistik Kabupaten TobaJl. Somba Debata No. 5 Onan Raja

Balige

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