BPS Records South Sumatra's Economy Grows 5.22 Percent In The First Quarter Of 2025

Illustration (Photo: Doc. ANTARA)

JAKARTA - The Central Statistics Agency (BPS) noted that the South Sumatra Province (Sumsel) grew by 5.22 percent in the first quarter of 2025.

"The South Sumatra economy in the first quarter of 2025 grew by 5.22 percent compared to the same period in 2024 of 5.06 percent," said Head of South Sumatra BPS Moh Wahyu Yulianto as reported by ANTARA, Monday, May 5.

He explained that the amount of the economy in South Sumatra was based on a constant price of Rp95.77 trillion.

Meanwhile, based on the applicable price, it is valued at IDR 170.81 trillion.

Then in terms of business fields, the sector that contributed the highest, namely mining and quarrying by 23.34 percent, processing industry 18.52 percent, and agriculture by 14.24 percent.

Of the total 17 sectors, almost all of them grew positively, except for water procurement which contracted by 0.06 percent.

Then, the sector that experienced the highest growth was electricity and gas procurement at 11.39 percent, government administration at 10.84 percent, and the information and communication sector at 8.85 percent.

"The highest yoy growth source in the first quarter of 2025 consists of large and retail trade, as well as car and motorcycle repair with a share of 0.98 percent," he also said.

Meanwhile, the growth of South Sumatra's Gross Regional Domestic Product (GDP) according to the highest distribution expenditure, namely household consumption of 63.20 percent, Gross Fixed Capital Formation (PMTB) of 30.34 percent, and foreign export expenditure with a distribution of 17.61 percent.

The three components also grew positively by 4.91 percent for household consumption, 2.21 percent PMTB, and 25.02 percent for foreign exports.

"The expenditure on South Sumatra's economic growth is supported by foreign exports which amounted to 5.86 percent," he said.

He said that South Sumatra's position is currently in second place after Lampung in the highest economic growth on the island of Sumatra.

"Spatially in the first quarter of 2025, the economy of Sumatra Island was dominated by North Sumatra, Riau, and South Sumatra with a contribution of 60.48 percent," said Wahyu.