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The economy of East Nusa Tenggara in the third quarter of 2022 grew by 3.35 percent

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Release Date	:	November 7, 2022
File Size	:	1.35 MB

Abstract

The economy of East Nusa Tenggara (NTT) based on the amount of Gross Regional Domestic Product (GDP) based on current prices in the third quarter of 2022 reached Rp 30.42 trillion and based on constant 2010 prices reached Rp 18.43 trillion.

NTT's economy in the third quarter of 2022 grew by 3.35 percent compared to the same period in the previous year (y-on-y). In terms of business fields, the highest economic growth was achieved by the accommodation and food and drink provision business sector of 30.47 percent. Meanwhile, in terms of expenditure, the Export Component of Goods and Services experienced the highest growth of 21.01 percent.

When compared to the previous quarter (q-to-q), the economy of NTT in the third quarter of 2022 grew by 1.37 percent. In terms of business fields, the highest growth occurred in the Construction business sector at 7.51 percent. Meanwhile, in terms of expenditure, the Export Component of Goods and Services experienced the highest growth of 13.15 percent.

NTT's economy in the first quarter of 2022 grew by 2.80 percent (c-to-c). In terms of the business field, the highest economic growth was achieved by the Provision of Accommodation and Food and Drink at 26.57 percent. Meanwhile, in terms of expenditure, the Export Component of Goods and Services experienced the highest growth of 24.03 percent.

The economic structure of NTT in the third quarter of 2022 was still dominated by the agriculture, forestry and fisheries business fields with a contribution of 29.27 percent. Meanwhile, from the expenditure side, the household consumption expenditure component is still dominated by 69.72 percent.

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