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NTT Economy Quarter I-2020 grew 2.84 percent

Release Date	:	May 8, 2020
File Size	:	0.57 MB

Abstract

The economy of East Nusa Tenggara (NTT) based on magnitude Gross Regional Domestic Product (GRDP) based on price effective in 2020 reaching Rp.25.95 trillion and on the basis of 2010 constant prices reached Rp16.74 trillion.
The economy of NTT in the first quarter of 2020 grew by 2.84 percent compared to the same period in 2019 (y-on-y). From the field of business, economic growth the highest was achieved by the Electricity and Gas Procurement business field by 14.50 percent. From the expenditure side, growth the highest was achieved by the Household Consumption component (PK-RT) by 4.41 percent.
The economy of NTT in the first quarter of 2020 experienced a contraction of 7.62 percent compared to quarter IV-2019 (q-to-q). From the side business field, the highest growth achieved by the field Information and Communication 1.67 percent. Whereas from the expenditure side of the lowest contraction occurs in the component Household consumption (PK-RT) of 2.78 percent.
The economic structure of NTT in 2020 is still dominated by Agriculture, Forestry and Fisheries business fields with contribution of 27.15 percent. While from the side expenditure is still dominated by household consumption, i.e. by 75.41 percent.

Related Official Statistics News

In Quarter I-2019, NTT Economic Grew 5,09 Percent

In Quarter III-2019, NTT Economic Grew 3,87 Percent

In Quarter IV-2018, NTT Economic Grew 5,13 Percent

In Quarter III-2018, NTT Economic Grew 5,14 Percent

NTT Economic Quarter II 2020 Contraction Of 1.96 Percent

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