Investor Presentaiton
B BANK INDONESIA
BANK SENTRAL REPUBLIK INDONESIA
Aceh
4.63%
Sumatra Economic Growth
W. Sumatra
4.80%
N. Sumatra
Bengkulu
4.07%
4.87%
ECONOMIC PERFORMANCE
North sumatra, national economic growth and north
sumatra gdrp share toward sumatra & national
8,00
Riau Islands
6,00
6.51%
4,00
5,03
35
4,87 30
5,05 25
Riau
3.88%
2,00
23,16 20
Jambi
0,00
15
4.63%
-2,00
10
S. Sumatra
-4,00
5
5.11%
-6,00
0
Bangka Belitung
|| III IV | ||
III IV I II III IV
T II III IV
4.37
2018
2019
2020
2021
2022
2023
Lampung
4.96%
National Economic grw (%yoy)
N. Sumatra Economic grw (%yoy)
N. Sumatra Economic share twd National (%)
N. Sumatra Economic share twd Sumatra (%)
Source: BPS, processed
•
•
•
In the first quarter of 2023 North Sumatra's economy grew by 4.87% (yoy), relatively high growth despite slowing from the fourth quarter of
2022 which grew by 5.26% (yoy). The economic slowdown in North Sumatra is in line with declining export growth as a result of moderating
price trends in North Sumatra's main export commodity, namely Crude Palm Oil (CPO), and the impact of extreme weather phenomena in the
first quarter of 2023 on the decline in the quality of agricultural commodities such as palm oil.
Nevertheless, North Sumatra's economy remains strong, supported by strong household consumption in line with the Chinese New Year
celebration and indications of shifting consumption patterns ahead of Ramadan. In terms of business sector, agriculture, trade, and
transportation growth slowed compared to the previous quarter.
The deceleration of agricultural foreign affairs in line with the entry of the growing season period of several commodities such as rice, red
chili, cayenne pepper, and shallots; and extreme weather phenomena that have an impact on decreasing productivity and quality of several
agricultural commodities, including fresh fruit bunches. Nevertheless, North Sumatra's deeper economic growth was restrained by the
acceleration of construction and processing industries in line with the acceleration of Trans Sumatra Toll Road (JTTS) infrastructure projects
and strong domestic demand.
North Sumatra Investment Book
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