Economic Growth of Sulawesi Barat Province in Quarter I-2024 is 6.02 percent (y-on-y)

The economy of Sulawesi Barat in the first quarter of 2024 as measured by Gross Regional Domestic Product (GRDP) at current prices reached 14.87 trillion rupiah, while at constant prices in 2010 it reached 8.77 trillion rupiah.

Sulawesi Barat's economy in the first quarter of 2024 experienced growth of 6.02 percent compared to the first quarter of 2023 (y-on-y). The increase in added value creation occurred in 16 of the total 17 business field categories. The largest source of economic growth occurred in the Agriculture, Forestry and Fisheries categories. Meanwhile, from the expenditure side, the largest source of economic growth comes from the Household Consumption Expenditure (PKRT) component.

Sulawesi Barat's economy in the first quarter of 2024 experienced a contraction of 2.71 percent compared to the fourth quarter of 2023 (q-to-q).

On a regional scale in the Sulawesi Maluku Papua region, the highest economic growth in the first quarter of 2024 (y-on-y) occurred in Papua at 17.49 percent, followed by North Maluku at 11.88 percent and Central Sulawesi at 10.49 percent . Meanwhile, Sulawesi Barat experienced growth of 6.02 percent, occupying the fourth highest position out of ten provinces.