The Economic Growth of Papua Barat in the 3rd Quarter of 2024 reached 19,56 percent (y-on-y)

Economy of Papua Barat in 3rd quarter of 2024 based on Gross Regional Domestic Product (GRDP) based on current prices reached IDR 29,560.89 billion and based on constant 2010 prices it reached IDR 19,380.24 billion. 

Economy of Papua Barat in 2nd of 2024 compared to 3rd quarter of 2023 reached growth of 19,56 percent (y-on-y). Manufacture Industry reached the highest growth of 37.87 percent. By expenditure component, Export of Goods and Services reached the highest at 46.15 percent.

Economic growth of Papua Barat in 3rd quarter of 2024 reached 0.01 percent compared to 2nd quarter of 2024 (q-to-q). Based on Category of Industry, the highest growth occurred in Financial and Insurance Activity that reached 4,39 percent. Meanwhile, in expenditure component, Government Consumption reached the highest growth with 17.84 percent.

Cumulatively, Economy of Papua Barat until 3rd Quarter of 2024 compared to 1st to 3rd Quarter of 2023 reached 14.33 percent (c-to-c). Manufacture Industry reached the highest growth at 37.92 percent. By expenditure component, Consumption of Non-Profit Institutions that serve Households (PK-LNPRT) reached growth of 13.66 percent.