West Sulawesi's economic growth in the third quarter of 2013 as measured by the increase in Gross Regional Domestic Product (GRDP) on the basis of constant prices (q-to-q) grew negatively by 0.72 percent (q to q), whereas when compared to the quarter same in 2012 (y on y), the economy in West Sulawesi grew by 6.58 percent. Or if the GDP is accumulated on the basis of constant prices from quarter I-III of 2012 compared to the accumulation of the same quarter of 2012 (c to c), then economic growth in West Sulawesi reaches around 7.01 percent.
The amount of GRDP based on the prevailing prices in West Sulawesi in the third quarter of 2013 was Rp. 4,023.94 billion while based on a constant 2000 price of Rp. 1,506.07 billion.
Based on q-to-q growth, the agricultural sector is experiencing a movement that follows an annual cycle pattern where in the third quarter of this year there was a transition between the dry and rainy seasons so that growth contracted to 7.73 percent. However, other sectors experienced better / positive growth. The highest q to q growth occurred in the building sector which amounted to 22.10 percent.
If based on yon y, the electricity, gas and clean water sector grew the fastest by 16.01 percent, then followed by the trade, hotel and restaurant sector and the financial, rental and service sectors with growth of 10.36 percent and respectively 9.81 percent.
While based on c to c, all sectors experienced encouraging growth. The highest growth was the electricity, gas and clean water sector at 13.29 percent, while the agriculture sector moved the slowest at a pace of 4.76 percent.
From the usage side it is seen that the economy of West Sulawesi is mostly absorbed for consumption purposes. In the third quarter of 2013 household consumption contributed the most in creating the West Sulawesi GRDP, around 63.78 percent. As for the investment received an allocation of 12.59 percent.
GRDP growth according to the use of q to q, it appears that investment increased sharply by 9.34 percent. While the main posture of the economy of West Sulawesi, household consumption only grew around 1.93 percent. In the same period, government consumption grew 7.43 percent which was also in line with imports of goods and services with growth of 2.68 percent.
Meanwhile, the trade balance of West Sulawesi in the third quarter of 2013 experienced a deficit of 202.11 billion rupiah. This amount is higher than the second quarter of 2013 (q to q) which amounted to 163.84 billion rupiah.
When compared with other provinces, West Sulawesi's economic growth is ranked 8th (y on y) and (c to c).
