Lampung Province's Dconomy in 2023 Grew 4.55 percent

The economy of Lampung Province in 2023, measured based on Gross Regional Domestic Product (GRDP) at current prices, reached IDR 448,880.25 billion and at constant prices in 2010 it reached IDR 269,240.54 billion.

Lampung Province's economy in 2023 will grow by 4.55 percent, stronger than in 2023 which will grow by 4.28 percent. In terms of production, the highest growth occurred in the Transportation and Warehousing business sector, which grew by 16.66 percent. In terms of expenditure, the Expenditure Component of Nonprofit Institutions Serving Households (PK-LNPRT) experienced the highest growth of 10.59 percent.

Lampung Province's economy in quarter IV-2023 versus quarter IV-2022 (y-on-y) experienced growth of 5.40 percent. In terms of production, the construction business field experienced the highest growth of 15.16 percent. In terms of expenditure, the Expenditure Component of Nonprofit Institutions Serving Households (PK-LNPRT) experienced the highest growth of 17.36 percent.