The economy of Sumatera Utara 2019 grew 5.22 percent, the Economy of Sumatera Utara Quarter IV-2019 grew 5.21 percent (y-on-y), the economy of Sumatera Utara Quarter IV-2019 slowed 0.40 percent (q-to-q)

The economy of Sumatera Utara in 2019 as measured by Gross Regional Domestic Product (GRDP) based on current prices reaches IDR 801,733.34 billion and GDP per capita reaches IDR 55.05 million.

 

The economy of Sumatera Utara in 2019 grew 5.22 percent higher than the achievement in 2018 of 5.18 percent. From the production side, the highest growth was achieved by the Information and Communication Business Field at 9.63 percent. From the expenditure side, the highest growth was achieved by the PK-LNPRT Component of 9.95 percent.

 

The economy of Sumatera Utara in quarter IV-2019 compared to quarter IV-2018 grew by 5.21 percent (y-on-y). From the production side, growth was driven by all business fields, where the highest growth was achieved by the Information and Communication Business Field at 9.87 percent. From the expenditure side, the highest growth was achieved by the PMTB Component of 8.54 percent.

 

The economy of Sumatera Utara in quarter IV-2019 compared to quarter III-2019 experienced a slowdown of 0.40 percent (q-to-q). From the production side, this is caused by a decrease in seasonal factors in the Field of Agriculture, Forestry, and Fisheries which decreased 1.33 percent. From the expenditure side, it was caused by PK-P Components which decreased by 7.69 percent.

 

Spatial economic structure in Sumatra Island in 2019 will be dominated by Sumatera Utara and Riau Provinces. Sumatera Utara Province gave the biggest contribution to Gross Domestic Product in Sumatra Island, which was 23.39 percent, followed by Riau Province 22.33 percent and South Sumatra Province 13.28 percent.