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South Sumatra Province Economic Growth in the third quarter of 2014 (q to q) experienced growth of 3.2 percent (with oil and gas) and 3.4 percent without oil and gas

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Release Date	:	November 5, 2014
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Abstract

South Sumatra Province Economic Growth in the third quarter of 2014 (q to q) experienced growth of 3.2 percent (with oil and gas) and 3.4 percent without oil and gas compared to conditions in the second quarter of 2014. While the development of year on year (y on y) experienced growth by 4.3 percent with oil and gas and growth without oil and gas 4.2 percent compared to the conditions in the third quarter of 2012.
The amount of GRDP based on current prices in the third quarter of 2014 reached Rp 66.77 trillion with oil and gas and without oil and gas Rp 53.36 trillion. While the GRDP at constant 2000 prices with oil and gas in the same period reached Rp. 20.59 trillion and without oil and gas Rp. 17.13 trillion.
The three sectors that experienced the highest growth (q to q) were the trade, hotel and restaurant sector 6.9 percent, the agricultural sector 6.0 percent, and the electricity, gas and clean water sector 4.3 percent. Meanwhile (y on y) growth in the trade, hotel and restaurant sector was 11.7 percent, the electricity, gas and water supply sector was 7.6 percent, and the transportation and communication sector was 6.8 percent.
On the usage side, in the third quarter of 2014, GRDP was used to meet household consumption by 63.44 percent, non-profit private institution consumption by 1.42 percent, government consumption 12.04 percent, gross domestic fixed capital formation 27.42 percent , and negative net exports of 7.22 percent (exports of 38.36 percent and imports of 45.58 percent). Negative values on net exports indicate the role of imports is more dominant than exports.
Economic growth in usage (q to q) shows positive growth in almost all components, except the gross fixed capital formation component which contracted 0.1 percent. The same thing also happened to the development of year on year (yo y) which was positive in almost all components except the export of goods and services which contracted 2.2 percent

Related Official Statistics News

South Sumatra Province Economic Growth in the second quarter of 2014 (q to q) of 3.2 percent with oil and gas

South Sumatra Economic Growth in the third quarter of 2011 (q to q) experienced a growth of 5.4 percent (with oil and gas)

South Sumatra Economic Growth in the second quarter of 2012 (q to q) of 4.2 percent with oil and gas

South Sumatra Economic Growth with oil and gas in 2013 amounted to 5.98 percent

South Sumatra Economic Growth with oil and gas in 2012 amounted to 6.0 percent

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South Sumatra Province Economic Growth in the third quarter of 2014 (q to q) experienced growth of 3.2 percent (with oil and gas) and 3.4 percent without oil and gas