Tuesday (5/5), the Central Statistics Agency of North Sulawesi Province released a number of strategic indicators namely Quarter I-2020 Economic Growth and the North Sulawesi Employment Situation in February 2020 conducted online. Here's the summary:
REGIONAL BRUTO DOMESTIC PRODUCTS (GRDP) QUARTERLY I-2020
• The economy of North Sulawesi based on the magnitude of the Gross Regional Domestic Product (GRDP) based on current prices for the first quarter of 2020 reached Rp 31.80 trillion and at the base of constant prices in 2010 reached Rp 21.37 trillion.
• The economy of North Sulawesi in the first quarter of 2020 grew 4.27 percent (y-on-y). From the production side, growth was driven by most of the business fields, with the highest growth achieved by the Information and Communication Business Field which grew by 19.33 percent. In terms of expenditure, the highest growth was achieved by the Export Spending Component of Goods and Services which grew by 16.26 percent.
• The economy of North Sulawesi in the first quarter of 2020 grew by -12.48 percent (q-to-q). In terms of production, this is due to the seasonal effects of the North Sulawesi economy, including the end of religious celebrations and the welcoming of the new year and the start of construction activities. In addition, the impact of the COVID-19 pandemic began to be felt since the first quarter of 2020. While in terms of expenditure, the highest growth was achieved by the Export Spending Component of Goods and Services which grew by 3.25 percent.
• The economic structure of the North Sulawesi First Quarter 2020 is dominated by 4 consecutive Business Fields as follows: Agriculture, Forestry, and Fisheries by 21.13 percent; Wholesale and retail trade, car and motorcycle repair 13.32 percent; Construction by 11.04 percent; and Transportation and Warehousing by 10.06 percent. Then in terms of expenditure is dominated by the components of Household Consumption Expenditure by 45.22 percent, then the formation of Gross Domestic Fixed Capital by 33.71 percent, Exports of Goods and Services by 28.02 percent, and Government Consumption Expenses by 16.07 percent.
MANPOWER STATE OF NORTH SULAWESI PROVINCE MONTH FEBRUARY 2020
• The number of North Sulawesi's workforce in February 2020 was 1.22 million and there were 1.16 million people employed.
• Labor Force Participation Rate (TPAK) of 64.41 percent, up 0.89 points from February 2019. There is still a discrepancy of male and female TPAK, even though female TPAK recorded an increase (0.59 points) in the past year.
• The percentage of people working in informal activities is 657.89 thousand people (56.87 percent), but the percentage has decreased by 0.76 points compared to February 2019.
• The working population structure according to employment in February 2020 is still dominated by three main jobs, namely Agriculture at 23.75 percent, Trade at 18.47 percent and Procurement of Electricity, Gas, Water Processing Industry at 10.99 percent.
• The Open Unemployment Rate is 5.57 percent, up 0.20 points compared to February 2019.
• Out of 1.16 million people employed, 8.69 percent are in the underemployed category and 17.63 percent are part-time workers, and 73.68 percent full-time workers.
