Economic Data & Analytics

Comprehensive economic indicators and data insights for North Sumatra Province. Access real-time statistics, growth trends, and investment analytics to make informed decisions.

6.8%
GDP Growth Rate
$45.2B
Provincial GDP
$8.2B
Annual Trade Value
3.2%
Inflation Rate

Key Economic Indicators

Real-time economic indicators providing insights into North Sumatra's economic performance and growth trajectory.

Gross Regional Domestic Product

+6.8%
$45.2 Billion

Annual GRDP growth showing strong economic expansion

Per Capita Income

+5.2%
$3,240

Average income per person in North Sumatra

Foreign Direct Investment

+12.4%
$2.8 Billion

Total FDI inflow in the current fiscal year

Unemployment Rate

-0.6%
4.8%

Provincial unemployment rate showing improvement

Inflation Rate

+0.4%
3.2%

Annual inflation rate within target range

Export Value

+8.9%
$5.1 Billion

Total export value showing strong performance

Manufacturing Index

+4.7%
112.5

Manufacturing production index (base year 2015=100)

Tourism Revenue

+15.3%
$1.2 Billion

Annual tourism sector revenue contribution

Data updated: December 2024 | Source: Statistics Indonesia (BPS) & Bank Indonesia

Economic Growth Trends

Historical and projected economic growth patterns showing North Sumatra's resilient economic performance.

Annual GDP Growth

*2024 figures are projected based on current trends

Quarterly Growth Rate

Quarterly year-over-year growth rates showing consistent performance

6.8%
2023 Growth Rate

Highest growth rate in 5 years

$45.2B
Current GDP

Total provincial economic output

5.8%
2024 Projection

Sustained growth momentum

Sectoral Economic Contribution

Breakdown of economic sectors contributing to North Sumatra's GDP and their growth performance.

GDP Contribution by Sector

Sector Growth Rates

Employment vs Economic Contribution

Employment Share (%)
GDP Contribution (%)
28.5%
Manufacturing

Largest GDP contributor

22.3%
Agriculture

Major employment sector

15.3%
Tourism Growth

Fastest growing sector

7.2%
Manufacturing Growth

Strong industrial expansion

Investment Trends & Analysis

Comprehensive analysis of foreign and domestic investment flows into North Sumatra across various sectors.

Investment Flow Trends

Foreign Direct Investment
Domestic Investment

Investment by Sector (2024)

Manufacturing leads with highest investment value and project count

Foreign Investment by Country of Origin (2024)

Singapore

28.6%
$0.8B

Malaysia

17.9%
$0.5B

China

14.3%
$0.4B

Japan

10.7%
$0.3B

South Korea

7.1%
$0.2B

Others

21.4%
$0.6B
$2.8B
FDI 2024

+12.4% from previous year

$5.8B
Domestic Investment

Strong local participation

215
Active Projects

Across all sectors

45,000
Jobs Created

Direct employment impact

Trade Balance & Export Performance

Analysis of North Sumatra's international trade performance, export products, and trading relationships.

Trade Balance Trends

Exports
Imports
Trade Balance

Export Products by Value

Palm Oil

35.3%
$1.8B+8.2%

Rubber

17.6%
$0.9B+5.4%

Coffee

11.8%
$0.6B+12.1%

Textiles

9.8%
$0.5B+6.7%

Seafood

7.8%
$0.4B+15.3%

Others

17.7%
$0.9B+4.9%

Trade Balance by Major Partners

Exports ($B)
Imports ($B)
Trade Balance ($B)
$5.4B
Total Exports

+5.9% growth in 2024

$3.8B
Total Imports

+5.6% growth in 2024

$1.6B
Trade Surplus

Positive trade balance

45+
Trading Partners

Global market reach

Employment & Labor Market Data

Comprehensive analysis of employment trends, sector distribution, and labor market dynamics in North Sumatra.

Employment Trends

Employed (M)
Unemployed (M)
Unemployment Rate (%)

Employment by Sector

Agriculture remains the largest employer, followed by services and manufacturing

Workforce by Education Level

University Graduate

High Demand
1.2M workers16.4%

Diploma/Associate

High Demand
0.8M workers11%

High School

Medium Demand
3.1M workers42.5%

Junior High

Medium Demand
1.5M workers20.5%

Elementary

Low Demand
0.7M workers9.6%

Average Monthly Wages by Sector

Technology and finance sectors offer highest wages, with strong growth across all sectors

Labor Market Highlights

7.3M
Total Workforce

Active labor force

4.2%
Unemployment Rate

Lowest in 5 years

45,000
New Jobs Created

Annual job creation

27.4%
Skilled Workers

University + diploma graduates

Growing Workforce

Expanding labor force with improving education levels and skills development

Skills Development

Continuous training programs and vocational education to meet industry demands

Wage Growth

Steady wage increases across sectors with competitive compensation packages

Data Downloads & Reports

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Economic Indicators Report 2024

Economic Data

Comprehensive quarterly economic indicators and performance metrics

PDF
2.4 MB
Updated Dec 2024

Investment Statistics Database

Investment

Detailed investment flows, FDI data, and sector analysis

Excel
5.8 MB
Updated Dec 2024

Trade Balance Analysis

Trade

Export-import data, trading partners, and commodity analysis

PDF
3.2 MB
Updated Nov 2024

Labor Market Survey

Employment

Employment statistics, wage data, and workforce analysis

PDF
4.1 MB
Updated Nov 2024

Sectoral GDP Contribution

Economic Data

Detailed breakdown of economic sectors and their contributions

Excel
1.9 MB
Updated Oct 2024

Infrastructure Development Index

Infrastructure

Infrastructure projects, completion rates, and investment data

PDF
6.3 MB
Updated Oct 2024

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