Generally, economic was stimulated by consumption and investment. Consumption will put on production sector to create output. Increasing consumption will increase output more higher. In the other side, invesmtent has economic multiplier bigger than consumption.
The number of foreign (PMA) and domestic (PMDN) investment project that was be approved by government in 2004 increased. The number of PMA project in 2004 was 71 projects and 85 projects in 2005. Mean while, the number of PMDN project was 11 projects in 2004, and in 2005 is 17 projects. The value of PMA approves incressing project. In 2004, the value of approved was US $ 262.82 million where as in 2005 about US $ 805.68 million.
The value of PMDN approved project was Rp 1,12 quintillion in 2004 become Rp 1,23 billion in 2005. Issues of terrorist, political and security condition not affected investment fascinating. Invesment promotion by Banten government sould be ineffective when the global situation of Indonesia is not condusive. By BKPMD data in 2005, the highest value of investment planning is South of Corean (US $ 47.60 million), then Belgium (US $ 6.5 million), Chinese (US $ 5 million) and Malaysia (US $ 1.7 million).
More than half, investment planning was planted in chemical and pharmacy industrial (US $ 1.65 million), basic metal (US $ 51.98 million), and shell and shoe Industrial (US $ 36.78 million) Based on PMA investment planning, investor not interest yet in agricultural sector. By agricultural development then ap of North and South Banten could be narrowed.
The whole of PMDN investment planning was definated for industry sector, such as: Basic chemical, food,metal until printing. Once again, investor not interest yet in agricultural sector. Banten government needs a special effort to pull of investor in agricultural investment capital.
Consumer Price Index
Consumer Price Index (IHK) is inflation indicator in Indonesia based on result of Life Cost Survey (SBH) year 2002 at 43 cities and cover 249–500 comodities. IHK covered 7 expenditures group, that is Foods; Prepared Foods,Beverages &Tobacco; Housing; Clotihing; Health; Education,Recreation and Sport. Yearly percentage of IHK differentation was calculated by point to point method.
Price and Price Index
In 2005, price of basic neeeds goods and services at Serang /Cilegon city tends to incline. That condition was provided by IHK in 2005 about 136.79. So, inflation rate in 2005 about 16.11 percent is higher than inflation rate in 2004, about 6.40 percent.
Increasing of IHK in 2005 is not just caused by economic factor like demand and supply, but any other factor like government prodence increased fuel price, tariff of telephone call, electrical tariff and traqnsportation tariff. And the other side, social polotics and security condition affected production and distribution of goods and services.
Inflation rate in 2005 was caused by increasing of index of transportation and communication group about 51.26 percent than foods about 16.25 percent, housing about 13.25 percent, prepared foods, beverages & tobacco 9.03 percent, education, recreation and sport 8.43 percent, clothing about 5.38 percent, and health 3.14 percent.
Meanwhile, monthly average in 2005 is more than 0.5 percent. The highest inflation was on October about 6.88 percent and than inflation on March 2.65 percent, November 1.67 percent etc. Deflation rate was on February about -0.17 percent
Technical Notes
Gross Domestic Regional Product described the ability of a region in creating output (value added) at a certain time. To compile those, three approaches has been used, i.e. “production approach “, “expenditure approach”and income approach. All of them, presenting the composition of value added according to economic sectors, source of income and expenditure component.
The first approach is to explain output produced by various kind of economic activity, which value added generated by economic sectors; the second approach is to explain the final uses of the value added that had been created by all economics sectors; the third approach is to explain the value added that become the source of income, which derived from the aggregate of wage/salary, benefit, decrease and net indirect taxes.
GDRP and its aggregations are presented in two forms, at current market prices and constant market prices. In presenting current market prices, all aggregates are valued at current market prices. While, base year constant market prices are shown by valuing all aggregates at fixed base year prices. (Year of 2000 has been used as the base year now)
Economic growth derives from GDRP at constant market prices, by decreasing the value GDRP year of n with the value GDRP year of n-1 and divided with the value GDRP year of n-1 than multiplied with 100 percent. Growth rate of GDRP shows/explain incom /production progress of certain year to the previous year Per capita GDRP is one of macro economic indicators that use to measure the level of citizens productivity in a region at certain time/year. Per capita GDRP is GDRP at current market prices divided by mid-year population of a region at certain year.
Gross Domestic Regional Product (GDRP)
The ammount of services and goods that produced by economic perpetrators in Banten expressed by its GDRP value. In the year 2005, GDRP Banten went arround 84.62 billion rupiah. The value increased about 14.80 percent than thet previous year. Based on 2000 constant price, "cake" of Banten economics reached about 58.11 billion rupiah or increased 5.88 percent of previous year.
The improvement of Banten economics, mostly caused by the increasing of production at most of all existing economic sectors, specially pre-eminent sectors like industrial sector, commerce, banking and agriculture.
Economic Growth by Sector
For the last five year, economics of Banten Province had growed enough exciting. Growth of economics expected to give positive influence, especially in creating new work fields and degrading poorness number. By successively, growth of Banten economics from year 2001 to 2005 are, 3.95 percent, 4.11 percent, 5.07 percent, 5.63 percent and 5.88 percent.
The increasing of Banten economics growth in year 2005 especially caused by some of economic sectors grows higher than previous year. Such like agriculture sector which grow from 2,07 percent in 2004 become 2,66 percent in 2005; manufacturing industry sector from 4.39 percent become 4.42 percent; electricity, gas and water supply from 5.99 percent become 6.22 percent; trade, hotel and restaurant, from 6.25 percent become 8.84 percent; And so it was with services sector which grow from 6.10 percent in 2004 become 6.46 percent in 2005.
Growth of electricity, gas and water supply sector raced by the increasing of production to fulfill requirement of industrial and society. The great number of housing and other construction that happened in Banten in year 2005 pushed growth of construction sector. The situation of national security which is very condusif could invite investor and made glorious export-importactivity. Those things believed had pushed growth in trade and industrial manufacturing sector.
Growth of industrial sector especially pushed by growing of two industrial groups. They are fertilizer,chemical and rubber production industry and food, beverages and tobacco industry. Both of industries grow 25.50 percent and 0.82 percent than previous year. Meanwhile other industrial group having negative growth.
The biggest share to Banten economics growth contributed by manufacturing industry sector; trade, hotel and restaurant; and transportation and communication. Each the sector contribute 2,23 percent; 1,58 percent and 0,67 percent to totalizeing 5,88 percent of LPE. In other words, 76,43 percent of growth come from the third sectors above. Agricultural sector, which is the four-biggest sector in Banten Economics, only becoming the second smallest contributor in Banten economics growth after mining and quarrying sector
GDRP per Capita
The number of GDRP per Capita used to be the indicator of prosperity to a society, which macroly able to describe the wealthy level among the society. More higher, level of GDRP per Capita which accepting by resident, more wealthy the society. The opposite of that, degradation of GDRP perkapita at one particular area, depicting degradation of prosperity level of society.
GDRP per Capita Province of Banten in the year 2005 equal to 9.09 million rupiah. Compared to previous year, this GDRP Per Capita growth about 12.58 percent. Based on constant price 2000 GDRP per Capita Banten equal to 6.24 million rupiah, or grow about 3.83 percent compared to previous year GDRP per Capita unlike income per Capita. GDRP per Capita only depicting value added that formated in Banten divided with entire/all resident, without see wether the value added property belongs to resident of Banten or not. Meanwhile, income per Capita really describing the value added that formated by resident of Banten, both for residing in Banten and also outside Banten.
Source: Banten in figures 2005
Published by Statistics of Banten Province
The number of foreign (PMA) and domestic (PMDN) investment project that was be approved by government in 2004 increased. The number of PMA project in 2004 was 71 projects and 85 projects in 2005. Mean while, the number of PMDN project was 11 projects in 2004, and in 2005 is 17 projects. The value of PMA approves incressing project. In 2004, the value of approved was US $ 262.82 million where as in 2005 about US $ 805.68 million.
The value of PMDN approved project was Rp 1,12 quintillion in 2004 become Rp 1,23 billion in 2005. Issues of terrorist, political and security condition not affected investment fascinating. Invesment promotion by Banten government sould be ineffective when the global situation of Indonesia is not condusive. By BKPMD data in 2005, the highest value of investment planning is South of Corean (US $ 47.60 million), then Belgium (US $ 6.5 million), Chinese (US $ 5 million) and Malaysia (US $ 1.7 million).
More than half, investment planning was planted in chemical and pharmacy industrial (US $ 1.65 million), basic metal (US $ 51.98 million), and shell and shoe Industrial (US $ 36.78 million) Based on PMA investment planning, investor not interest yet in agricultural sector. By agricultural development then ap of North and South Banten could be narrowed.
The whole of PMDN investment planning was definated for industry sector, such as: Basic chemical, food,metal until printing. Once again, investor not interest yet in agricultural sector. Banten government needs a special effort to pull of investor in agricultural investment capital.
Consumer Price Index
Consumer Price Index (IHK) is inflation indicator in Indonesia based on result of Life Cost Survey (SBH) year 2002 at 43 cities and cover 249–500 comodities. IHK covered 7 expenditures group, that is Foods; Prepared Foods,Beverages &Tobacco; Housing; Clotihing; Health; Education,Recreation and Sport. Yearly percentage of IHK differentation was calculated by point to point method.
Price and Price Index
In 2005, price of basic neeeds goods and services at Serang /Cilegon city tends to incline. That condition was provided by IHK in 2005 about 136.79. So, inflation rate in 2005 about 16.11 percent is higher than inflation rate in 2004, about 6.40 percent.
Increasing of IHK in 2005 is not just caused by economic factor like demand and supply, but any other factor like government prodence increased fuel price, tariff of telephone call, electrical tariff and traqnsportation tariff. And the other side, social polotics and security condition affected production and distribution of goods and services.
Inflation rate in 2005 was caused by increasing of index of transportation and communication group about 51.26 percent than foods about 16.25 percent, housing about 13.25 percent, prepared foods, beverages & tobacco 9.03 percent, education, recreation and sport 8.43 percent, clothing about 5.38 percent, and health 3.14 percent.
Meanwhile, monthly average in 2005 is more than 0.5 percent. The highest inflation was on October about 6.88 percent and than inflation on March 2.65 percent, November 1.67 percent etc. Deflation rate was on February about -0.17 percent
Technical Notes
Gross Domestic Regional Product described the ability of a region in creating output (value added) at a certain time. To compile those, three approaches has been used, i.e. “production approach “, “expenditure approach”and income approach. All of them, presenting the composition of value added according to economic sectors, source of income and expenditure component.
The first approach is to explain output produced by various kind of economic activity, which value added generated by economic sectors; the second approach is to explain the final uses of the value added that had been created by all economics sectors; the third approach is to explain the value added that become the source of income, which derived from the aggregate of wage/salary, benefit, decrease and net indirect taxes.
GDRP and its aggregations are presented in two forms, at current market prices and constant market prices. In presenting current market prices, all aggregates are valued at current market prices. While, base year constant market prices are shown by valuing all aggregates at fixed base year prices. (Year of 2000 has been used as the base year now)
Economic growth derives from GDRP at constant market prices, by decreasing the value GDRP year of n with the value GDRP year of n-1 and divided with the value GDRP year of n-1 than multiplied with 100 percent. Growth rate of GDRP shows/explain incom /production progress of certain year to the previous year Per capita GDRP is one of macro economic indicators that use to measure the level of citizens productivity in a region at certain time/year. Per capita GDRP is GDRP at current market prices divided by mid-year population of a region at certain year.
Gross Domestic Regional Product (GDRP)
The ammount of services and goods that produced by economic perpetrators in Banten expressed by its GDRP value. In the year 2005, GDRP Banten went arround 84.62 billion rupiah. The value increased about 14.80 percent than thet previous year. Based on 2000 constant price, "cake" of Banten economics reached about 58.11 billion rupiah or increased 5.88 percent of previous year.
The improvement of Banten economics, mostly caused by the increasing of production at most of all existing economic sectors, specially pre-eminent sectors like industrial sector, commerce, banking and agriculture.
Economic Growth by Sector
For the last five year, economics of Banten Province had growed enough exciting. Growth of economics expected to give positive influence, especially in creating new work fields and degrading poorness number. By successively, growth of Banten economics from year 2001 to 2005 are, 3.95 percent, 4.11 percent, 5.07 percent, 5.63 percent and 5.88 percent.
The increasing of Banten economics growth in year 2005 especially caused by some of economic sectors grows higher than previous year. Such like agriculture sector which grow from 2,07 percent in 2004 become 2,66 percent in 2005; manufacturing industry sector from 4.39 percent become 4.42 percent; electricity, gas and water supply from 5.99 percent become 6.22 percent; trade, hotel and restaurant, from 6.25 percent become 8.84 percent; And so it was with services sector which grow from 6.10 percent in 2004 become 6.46 percent in 2005.
Growth of electricity, gas and water supply sector raced by the increasing of production to fulfill requirement of industrial and society. The great number of housing and other construction that happened in Banten in year 2005 pushed growth of construction sector. The situation of national security which is very condusif could invite investor and made glorious export-importactivity. Those things believed had pushed growth in trade and industrial manufacturing sector.
Growth of industrial sector especially pushed by growing of two industrial groups. They are fertilizer,chemical and rubber production industry and food, beverages and tobacco industry. Both of industries grow 25.50 percent and 0.82 percent than previous year. Meanwhile other industrial group having negative growth.
The biggest share to Banten economics growth contributed by manufacturing industry sector; trade, hotel and restaurant; and transportation and communication. Each the sector contribute 2,23 percent; 1,58 percent and 0,67 percent to totalizeing 5,88 percent of LPE. In other words, 76,43 percent of growth come from the third sectors above. Agricultural sector, which is the four-biggest sector in Banten Economics, only becoming the second smallest contributor in Banten economics growth after mining and quarrying sector
GDRP per Capita
The number of GDRP per Capita used to be the indicator of prosperity to a society, which macroly able to describe the wealthy level among the society. More higher, level of GDRP per Capita which accepting by resident, more wealthy the society. The opposite of that, degradation of GDRP perkapita at one particular area, depicting degradation of prosperity level of society.
GDRP per Capita Province of Banten in the year 2005 equal to 9.09 million rupiah. Compared to previous year, this GDRP Per Capita growth about 12.58 percent. Based on constant price 2000 GDRP per Capita Banten equal to 6.24 million rupiah, or grow about 3.83 percent compared to previous year GDRP per Capita unlike income per Capita. GDRP per Capita only depicting value added that formated in Banten divided with entire/all resident, without see wether the value added property belongs to resident of Banten or not. Meanwhile, income per Capita really describing the value added that formated by resident of Banten, both for residing in Banten and also outside Banten.
Source: Banten in figures 2005
Published by Statistics of Banten Province
