Sumatera Utara's economy grew 5.10 percent in Q4-2024 (y-on-y)

Download Official Statistics News Download Presentation Download Infographic

Release Date	:	February 5, 2025
File Size	:	7.199364 MB

Abstract

The economy of Sumatera Utara based on the amount of Gross Regional Domestic Product (GRDP) in Quarter IV-2024 at current prices reached IDR 295.72 trillion and at constant 2010 prices reached IDR 161.55 trillion.
The economy of Sumatera Utara in 2024 grew by 5.03 percent (c-to-c) higher than the achievement in 2023 which grew by 5.01 percent. In terms of production, the highest growth occurred in the Accommodation and Food and Beverage Provision Business Field of 11.98 percent. In terms of expenditure, the highest growth was in the Consumption Expenditure Component of Non-Profit Institutions Serving Households (PK-LNPRT) of 11.79 percent.
The economy of Sumatera Utara in Quarter IV-2024 compared to Quarter IV-2023 experienced a growth of 5.10 percent (y-on-y). In terms of production, the Accommodation and Food and Beverage Provision Business Field experienced the highest growth of 13.74 percent. Meanwhile, in terms of expenditure, the Export of Goods and Services component experienced the highest growth of 12.62 percent.
The economy of Sumatera Utara in Quarter IV-2024 compared to Quarter III-2024 experienced growth of 0.44 percent (q-to-q). In terms of production, the highest growth was in the Government Administration, Defense and Compulsory Social Security Business Sector at 10.41 percent. In terms of expenditure, the Government Consumption Expenditure Component was the component with the highest growth of 13.02 percent.
The economic structure on the island of Sumatera spatially in 2024 is dominated by several large provinces. The top three include, Sumatera Utara Province contributing 23.55 percent; Riau Province at 22.84 percent; and South Sumatra Province contributing 13.63 percent. Meanwhile, the lowest contribution was Bengkulu Province with a contribution of 2.14 percent.

Related Official Statistics News

Sumatera Utara's economy in Q3-2024 grew 2.25 percent (q-to-q)

Sumatera Utara's economy in the third quarter of 2023 grew by 4.94 percent (y-on-y) and Sumatera Utara's economic growth up to the third quarter of 2023 (c-to-c) grew by 5.00 percent

Sumatera Utara's economy in the second quarter of 2023 grows by 5.19 percent (y-on-y) and Semester I-2023 grew by 5.03 percent (c-to-c)

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)

Sumatera Utara Economy Quarter II-2022 4.70 Percent (y-on-y)

BPS-Statistics Indonesia

Badan Pusat Statistik Provinsi Sumatera Utara (Statistics of Sumatera Utara Province)

Jl. Asrama No. 179 Medan 20123 Indonesia

Telp (62-61) 8452343

Faks (62-61) 8452773

Mailbox : pst1200@bps.go.id

Manual

ToU

Links

About Us