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DIY Economic Growth in Quarter IV-2019

Release Date	:	February 5, 2020
File Size	:	0.77 MB

Abstract

The DIY economy during 2019 grew by 6.60 percent (c-to-c), faster than in 2018 which grew by 6.20 percent. Sectorally, the growth was driven by the construction business which grew by 14.39 percent, water supply, waste management, waste, and recycling which grew by 8.90 percent, and the provision of accommodation and eating and drinking which grew by 8.89. On the other hand, the main support for growth from the expenditure side was the gross fixed capital formation component which grew by 9.74 percent and consumption expenditure of nonprofit institutions serving households which also grew quite high at 9.58 percent.

The economy of the Special Region of Yogyakarta (DIY) as measured by the value of Gross Regional Domestic Product (GRDP) at current prices in 2019 reached Rp141.4 trillion and at constant 2010 prices reached Rp104.5 trillion.

The DIY economy in the fourth quarter of 2019 against the fourth quarter of 2018 grew by 6.16 percent (y-on-y), lower than the growth of the same period in 2018 which grew by 7.39 percent. Compared to the third quarter of 2018, the DIY economy also grew by 0.80 percent (q-to-q), higher than the same period the previous year which amounted to 0.66 percent.

The largest share of DIY economic growth during 2019 (c-to-c) was the construction business field, which amounted to 1.47 percent, followed by the provision of accommodation and eating and drinking at 0.85 percent and information and communication at 0.83 percent.

Meanwhile, in terms of GRDP expenditure, the largest share of DIY economic growth during 2019 (c-to-c) was still dominated by the gross fixed capital formation component and household consumption expenditure, amounting to 2.71 percent and 2.24 percent, respectively

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