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Economic Growth in South Sumatra III quarter of 2012 (q to q) experienced growth of 5.1 percent (with oil and gas)

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Release Date	:	November 5, 2012
File Size	:	0.44 MB

Abstract

South Sumatra Economic Growth in the third quarter of 2012 (q to q) experienced growth of 5.1 percent (with oil and gas) and 6.3 percent without oil and gas compared to conditions in the second quarter of 2012. While the development of year on year (y on y) experienced growth by 5.8 percent with oil and gas and growth without oil and gas 8.2 percent compared to the conditions in the third quarter of 2011.
The amount of GRDP based on current prices in the third quarter of 2012 reached Rp.53.27 trillion with oil and gas and without oil and gas Rp.41.28 trillion. While GRDP at constant 2000 prices with oil and gas in the same period reached Rp. 18.81 trillion and without oil and gas Rp. 15.44 trillion.
The three sectors that experienced the highest growth (q to q) were the agriculture sector 14.3 percent, the transportation & communication sector 5.0 percent, and the construction sector 5.0 percent. Meanwhile (y on y) growth in the transportation & communication sector was 12.0 percent, the trade, hotel and restaurant sector was 9.7 percent, and the financial, rental and business services sector was 9.6 percent.
The three sectors that experienced the highest growth (q to q) were the agriculture sector 14.3 percent, the transportation & communication sector 5.0 percent, and the construction sector 5.0 percent. Meanwhile (y on y) growth in the transportation & communication sector was 12.0 percent, the trade, hotel and restaurant sector was 9.7 percent, and the financial, rental and business services sector was 9.6 percent.
Economic growth in use (q to q) shows positive growth in all components except for government consumption which grew negative 7.6 percent. While year on year (yo y) developments were also positive in all components except for government consumption which grew negative 0.8 percent with the highest growth in PMTDB of 11.3 percent. The slow disbursement of the government budget until the third quarter of 2012 caused the contraction in government consumption growth.

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Economic Growth in South Sumatra III quarter of 2012 (q to q) experienced growth of 5.1 percent (with oil and gas)