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Sumatera Selatan’s Economic in Q3-2023 Grew by 5.08 Percent (y-on-y)

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Release Date	:	November 6, 2023
File Size	:	2.94 MB

Abstract

Sumatera Selatan’s economy based on Gross Domestic Product (GDP) at current prices in the third quarter of 2023 reached IDR163.13 trillion and at constant prices (2010) reached IDR92.75 trillion.

Sumatera Selatan’s economy in the third quarter of 2023 grew by 2.39 percent compared to the previous quarter (q-to-q). From the production side, Mining and Quarrying experienced the highest growth at 5.87 percent. Meanwhile on the expenditure side, Establishment of Gross Domestic Fixed Capital component experienced the highest growth at 1.52 percent.

Sumatera Selatan’s economy grew by 5.08 percent in the third quarter of 2023, compared to the third quarter in 2022 (y-on-y). From production side, Accommodation and Food Service Activities experienced the highest growth at 12.93 percent. Meanwhile, on the expenditure side, Household Consumption Expenditures experienced the highest growth at 4.92 percent.

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