Sumatera Selatan’s Economic in Q1-2024 Grew by 5.06 Percent (y-on-y)

Abstraction

• Sumatera Selatan’s economy based on Gross Domestic Product (GDP) at current prices in the first quarter of 2024 reached IDR156.83 trillion and at constant prices (2010) reached IDR91 trillion.
• Sumatera Selatan’s economy in the first quarter of 2024 grew by 0.02 percent compared to the previous quarter (q-to-q). From the production side, agriculture, forestry and fishery experienced the highest growth at 9.43 percent. Meanwhile, on the expenditure side,  Consumption Expenditures of Non-Profit Institutions that serve Households component experienced the highest growth at 11.50 percent.
• Sumatera Selatan’s economy grew by 5.06 percent in the first quarter of 2024, compared to the forth quarter in 2023 (y-on-y). From production side, Financial and Insurance Activities experienced the highest growth at 10.17 percent. Meanwhile, on the expenditure side, Consumption Expenditures of Non-Profit Institutions that serve Households experienced the highest growth at 20.41 percent.