THE STATE OF THE WEST SULAWESI ECONOMIC II QUARTER II, 2007
West Sulawesi's economic growth as measured by the increase in Gross Regional Domestic Product (GRDP) based on constant 2000 prices from quarter I to II quarter 2007 reached 1.12 percent (q-to-q) and when compared to the same quarter in 2006 experienced growth 8.84 percent (y-on-y).
The amount of GRDP at current prices in the second quarter of 2007 reached 1,485.21 billion rupiahs, while the GRDP at constant 2000 prices in the same quarter was 890.13 billion rupiahs.
The three sectors that experienced the highest growth (q-to-q) in the second quarter of 2007 were the 'finance, leasing & business services' sector grew 5.86 percent, the' mining & quarrying 'sector grew 5.66 percent, and the' electricity sector clean gas & water 'grew 4.24 percent. While the highest growth (y-on-y) occurred in the 'mining and quarrying' sector grew 19.90 percent, the 'electricity, gas & clean water' sector grew by 14.89, and the 'finance, leasing & company services' sector grew 14.46 percent.
The worst economic performance (q-to-q), occurred in the manufacturing sector which contracted -2.6 percent. However, when compared to the same quarter in the previous year (y-on-y), the sector still appears to have grown by 3.15 percent.
GRDP according to usage, household consumption expenditure at constant 2000 prices in the second quarter of 2007 experienced growth (q-to-q) of 1.18 percent. In the same condition, government consumption expenditure grew 6.29 percent, gross fixed capital formation 4.57 percent, exports minus 9.04 percent, and imports 4.03 percent.
In real terms, in the second quarter of 2007 there was an increase (y-on-y) in all components of GRDP according to usage, namely: household consumption expenditure increased by 7.52 percent, government consumption expenditure by 22.87 percent, gross fixed capital formation by 14 , 28 percent, exports 23.60 percent, and imports 36.83.
