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Economic of Sumatera Utara in 2017 Grows 5.12 Percent

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Release Date	:	February 5, 2018
File Size	:	0.87 MB

Abstract

• The economy of Sumatera Utara, measured by Gross Regional Domestic Product (GRDP) at constant 2010 prices, grew by 5.12 percent in 2017, slightly slower than in 2016, which grew by 5.18 percent.

• Based on the production approach, electricity and gas procurement is the highest growth business field by 8.72 percent in 2017. The high growth of the business field is mainly supported by the high growth of city gas. Other business fields experiencing relatively high growth, especially Information and Communication of 8.57 percent; and health services and social activities of 7.64 percent. Meanwhile, the business field experienced the lowest growth, namely: financial services and insurance grew by 0.49 percent and manufacturing industry by 2.31 percent.

• Based on the expenditure approach, the components that experienced relatively high growth in 2017 were primarily: imports grew by 6.65 percent, exports grew by 6.34 percent as well as Gross Fixed Capital Formation (PMTB) grew by 5.91 percent.

• The economy of Sumatera Utara in the fourth quarter of 2017 compared to the fourth quarter of 2016 (year on year) grew by 5.56 percent.

• When compared to the third quarter of 2017 (q-to-q) the economy of Sumatera Utara in the fourth quarter of 2017 grew 0.37 percent.

• The structure of the North Sumatra economy in 2017 is dominated by agricultural business by 21.41 percent, followed by the Manufacturing Industry by 20.29 percent and the Big and Retail Trade, Repair of Cars and Motorcycles by 17.92 percent.

• Based on the GRDP at current prices, Sumatera Utara contributes to the economy in Sumatra Island of 22.84 percent slightly below Riau Province. Based on the 2010 constant price, in 2017, Sumatera Utara Province gives the largest contribution to PDRB in Sumatera Island, which is 22.85 percent.

Related Official Statistics News

December 2017, Exports of Sumatera Utara decreased by 9.14 percent while Sumatera Utara's imports increased by 0.89 percent

November 2017, Exports of Sumatera Utara decreased by 0.43 percent while Sumatera Utara's imports increased by 7.57 percent

January 2018, Exports of Sumatera Utara decreased by 3.48 percent, Imports of Sumatera Utara decreased by 4.52 percent

Production Growth of Large Medium Manufacturing Industry in Sumatera Utara Province Quarter IV-2017 up by 10.83 percent (y-on-y). The average growth of Large Industry Medium Sumatera Utara During Year 2017 amounted -3.11 percent while in 2016 amounted to 4.64 percent. Meanwhile, the growth of small micro industries of Sumatera Utara during the year of 2017 amounted to 0.66 percent, while the year 2016 amounted to 10.75 percent.

Sumatera Utara Consumer Tendency Index in Quarter IV 2017 was 109.73

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