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Central Sulawesi records economic growth of 7.14% in 2017
Central Sulawesi’s economy continues to beat national economic growth, supported by significant expansion in the industrial sector.
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First shipment: Hongthai International, a company operating in the Special Economic Zone (KEK) of Palu, Central Sulawesi, began exporting pine sap products to Guangzhou, China, via Pantoloan Port in Palu in December 2017. (JP/Ruslan Sangadji)
Central Sulawesi’s economy expanded by 7.14 percent in 2017, supported by significant growth in the industrial sector.
Yet the figure marks a slowdown from 2016, when growth was recorded at 9.98 percent.
The mining industry and the processing industry grew by 15.2 percent and 11.3 percent respectively, while the electricity and gas industry grew by 9.2 percent. Those are the three sectors that saw the highest growth over the past few years.
“In my opinion, Central Sulawesi’s economy is doing very well, and the province has attracted national attention because of it,” the head of the Central Statistics Agency’s (BPS) Central Sulawesi office, Faisal Anwar, told The Jakarta Post on Tuesday.
He added that growth in the fourth quarter of 2017 came in at 9.15 percent, 3.75 percentage points higher than in the corresponding period of 2016.
The provincial economy has long outpaced the national average, a fact that Faisal attributed to the mining and energy sector.
The economy of the whole of Sulawesi grew by 7.01 percent, with South Sulawesi recording the highest growth rate of 7.23 percent.
The national economy grew by 5.07 percent last year. (kmt/bbn)
