The digital era forces people to think and work fast and practically. This should also be a consideration for the new economic growth in Papua. Of course, the government should also consider natural resources to make it happen.
Papua, which is also well-known as the Cendrawasih Earth, has great resources to grow new areas to boost the development of its economic growth. What are they? The following elaboration will enrich your outlook.
5 Crucial Sectors to Boost New Economic Growth in Papua
We all know that Papua has everything to become an advanced province in Indonesia. It is rich in natural resources. Today, human resources are much better in education. It means Papua only needs to focus on what it has to sky-rocket.
Emphasizing in Investment fields, here are the 5 sectors Papua needs to focus on:
So far, Papua’s economic growth relies on 5 economic sectors: forestry, fishery and marine affair, tourism, trade, and transportation. Investment in these fields is the most promising one.
The big homework is optimizing them, so there is new economic growth in the rich natural resources province, Papua. Moreover, educated human resources are available. There should be no more hinder to growing advance.
The Head of the Province stated that until 2022, the investors’ interest in Papua was good. There were more than 5.000 licensing in the same year. It means that investment in Papua is a great promising field.
Although it is promising, the government always maintains the healthy environment cultivation.
What does the Central Bureau of Statistics Say about It?
Adriana Helena Carolina, the Head of the Central Bureau of Statistics of Papua, explained clearly. The highest business field development is in transportation and warehousing. It reached 22.95% in 2022.
She also stated that Papua’s economic growth was supported by the whole areas that existed there. She said mining and excavation gave 36.14%, 9.10% from government administration, defense, and social assurance, and then 10.71% from forestry, fishery, and agriculture.
Adriana also added the contribution of the electricity supply and gas business reached 8.50%. So, many fields contributed to the growth of the economy in Papua.
Papua’s Economy Will Grow By 4.15% in 2023
The Representative Office of BI (Bank Indonesia) in Papua stated that the estimation of the economic growth would be 3.75% to 4.15% in 2023. Dedy Irianto, the Deputy Head Representative of BI, stated it in an annual meeting on November 30, 2022.
In 2023, BI Papua also estimated that inflation will still be low. Nevertheless, the synergy across sectors and stakeholders is important to be ready to face anything phenomenal ahead.
During 2022, the economic growth in Papua had an impact on regional as well as national recovery acceleration. But, still, according to Dedy, synergy and innovation are two crucial things to support the strong economic development in Papua.
Meanwhile, additional opinion came from Muhammad Musa’ad, the second assistant of the Regional Secretary of Papua. He appreciated the synergy and the collaboration of BI with the government and other institutions that produced good results.
The synergy had made increasing well-being in society, which was proved by the cumulative economic growth. The under-control inflations were also because of the interference of the regional inflation control team.
Muhammad hoped that the increasing productivity of Papua would make this province the food supplier in the eastern Indonesia area.
Finally, all parties and governments, as well as BI, should work hand in hand to make the new economic growth in Papua happen.
