Riau Economic Development Up Date 2008

Riau Economic Growth as of Third Quarter Year 2008 totalled 8.30 percent

• Riau economic growth in the third quarter of year 2008, with oil and gas was 2.04 percent compared with the quarter II in 2008 (q-to-q), and when compared with the same quarter in the previous year (third quarter of 2007) achieved growth of 6.78 percent (y-on-y). While cumulatively (c-to-c), Riau economic growth including oil and gas during January to September 2008 reached 5.75 percent.

• Riau economic growth without oil and gas in the third quarter year 2008 was 4.47 percent compared with the quarter II in 2008 (q-to-q), and if compared with the third quarter of 2007 increased to be 8.54 percent (y-on-y). In cumulative (c-to-c) during January-September 2008, economic growth of Riau Province reached 8.30 percent.

• Riau economic growth without oil and gas (y-on-y) in the third quarter of 2008 occurred in all economic sectors, the highest growth was in the financial sector, lending and business services sector 14.22 percent and mining and exploration was 14.05 percent growth; followed by the trade sector, hotels and restaurants 10.50 percent; building construction sector 10.47 percent; transport and communication sector 10.21 percent; processing industry sector 9.54 percent; and the services sector 9.29 percent. For other sectors grew less than seven percent. The encouraging sectors to economic growth of Riau are the agriculture sector, plantation, bearing, forestry, fishery totalled 2.15 percent; sectors of trade, hotels, restaurants totalled 1.82 percent; processing industry sector 1.67 percent; and the services sector 0.95 percent and 0.71 percent of the building construction sector. While the contribution of growth in other sectors no more than 0.60 percent.

• Riau economic growth without oil and gas during the January-September 2008, the highest was in the sectors of mining and extraction contributed 18.88 percent; followed by the financial sector, rental and services company 13.57 percent; sectors of trade, hotels and restaurants 10.49 percent; building and construction sector 9 , 93 percent; transportation and communication sector 9.90 percent; and the services sector 9.22 percent. Meanwhile, other sectors achievement growth was less than 8.5 percent. Sources of the highest growth provided by the agriculture sector, plantation, livestock, forestry, and fisheries provided 2.16 percent; trade sectors, hotel and restaurant 1.83 percent, and the processing industry sector 1.45 percent. Meantime, other sectors contributing the growth were less than 0.95 percent.
Source from Riau Statistic Center