ECONOMIC GROWTH OF WEST SULAWESI QUARTER I OF 2010
West Sulawesi's economic growth as measured by the increase in Gross Regional Domestic Product (GRDP) based on constant prices from quarter IV / 2009 to quarter I / 2010 grew by 10.42 percent (q-to-q), whereas when compared to the same quarter in 2009 experienced a growth of 10.71 percent (y-on-y).
The magnitude of West Sulawesi's first quarter GDP in 2010 based on current prices reached Rp 2,426.73 billion while based on constant 2000 prices it reached Rp 1,133.68 billion.
The three economic sectors that experienced the highest growth in Q1 / 2010 (q-to-q) were the agricultural sector which grew by 24.11 percent, following the electricity, gas and clean water sector grew by 16.97 percent, followed by the trade, hotel sector and restaurants grew by 4.78 percent. As for the highest growth (y-on-y), the mining and quarrying sector grew by 42.98 percent, followed by the trade, hotel and restaurant sector grew 20.14 percent and the transportation and communication sector grew 17.55 percent.
The worst economic performance (q-to-q) and (y-on-y) occurred in the construction sector which contracted by -28.16 percent and minus 15.28 percent.
GRDP at constant 2000 prices according to usage, the highest growth in the first quarter of 2010 (q-to-q) occurred in the export component of 10.29 percent. Furthermore, imports and household consumption expenditure grew by 4.63 percent and 1.58 percent. Government consumption expenditure and gross fixed capital formation each grew by minus 6.22 percent and minus 20.44 percent.
In real terms, in the first quarter of 2010 there was an increase (y-on-y) in all components of GRDP according to usage except the PMTB component which grew by minus 10.15 percent. The highest growth occurred in the export component by 28.70 percent. Furthermore, imports amounted to 15.57 percent, household consumption expenditure by 7.49 percent, government consumption expenditure by 4.53 percent.
On the usage side, most of the GRDP is used to meet household consumption by 65.01 percent. Government imports and consumption each accounted for 22.78 percent and 20.03 percent. Meanwhile, exports and PMTB were only 13.30 percent and 12.16 percent respectively.
GRDP growth based on constant prices of 2000 Sulawesi islands (q to q) of minus 2.77 percent and y on y of 8.23 percent.
