West Kalimantan's economy grew 4.65 percent in the first quarter of 2023

Pontianak, West Kalimantan (Armfalcon.com) – The Central Statistics Agency (BPS) for West Kalimantan Province noted that the economy of West Kalimantan in the first quarter of 2023 grew by 4.65 percent on an annual basis (yoy).

“From the production side, the electricity and gas procurement business sector experienced the highest growth of 27.58 percent. From the expenditure side, the highest growth was experienced by the government consumption expenditure (PK-P) component, which was 14.05 percent,” said the Head of the Production Balance Team and Expenditures from BPS for the Province of West Kalimantan Preatin in Pontianak, West Kalimantan, Friday.

He explained that existing economic growth cannot be separated from several related events.

Preatin gave an example such as the production of rice crop commodities which increased by around 261.09 percent on a quarterly basis (qtq) in line with the main harvest in the first quarter of 2023, but on a yoy basis it contracted by 13.18 percent.

Meanwhile, palawija production grew both quarterly and annually by 18.34 percent and 0.65 percent, respectively.

Then, for the production of the annual plantation sector, especially oil palm, it increased yoy by 2.73 percent. Meanwhile on a quarterly basis, palm oil production contracted 21.18 percent.

“The tightening of exports of raw mining products had an impact on the production of mining products, especially bauxite in the first quarter of 2023. Bauxite production contracted quite deeply both on a qtq and yoy basis by 21.18 percent and 39.28 percent respectively,” he said.

Furthermore, the average real sales index for the first quarter of 2023 was 208.2 points, an increase of 0.10 percent compared to the fourth quarter of 2022 which amounted to 208.0 points and on a yoy basis also increased 1.58 percent.

Car sales volume rose 14.21 percent qtq and 14.14 percent yoy. While the volume of motorcycle sales contracted 11.31 percent on a quarterly basis, it grew 46.20 percent on an annual basis.

In the first quarter of 2023, the realization of cement procurement in West Kalimantan contracted by 15.16 percent (qtq).

On the other hand, the more controlled handling of COVID-19 and the increased mobility of people have pushed the number of air transport passengers to grow by 6.75 percent on a qtq basis and 17.22 percent on a yoy basis.

Meanwhile sea transportation experienced a growth in the number of passengers departing by 53.2 percent on a yoy basis, but it contracted 0.56 percent qtq.

“It is also important that the realization of capital spending from the APBN in the first quarter of 2023 rose 32.19 percent on a yoy basis. Imports of capital goods rose 400.15 percent in the first quarter of 2023 on a yoy basis. Then, the realization of village fund spending rose 61.07 percent in the first quarter of 2023 on a yoy basis. yeah,” he explained.

Also read: West Kalimantan’s trade balance until February 2023 was a surplus of US$339.87 million
Also read: BPS: West Kalimantan’s economy will recover in 2022 to grow 5.01 percent
Also read: West Kalimantan BPS: Steps by the local government to reduce price increases

source: www.antaranews.com

Source link