Kalimantan's economy grew by 5.51% year-on-year (YoY) in 2024, surpassing the national growth rate of 5.02%. The region’s Gross Regional Domestic Product (GRDP) reached USD 115.5 billion, with East Kalimantan contributing the largest share at 47.29%, followed by West Kalimantan (16.54%), South Kalimantan (15.80%), Central Kalimantan (12.28%), and North Kalimantan (8.09%). The economy was driven by the mining, manufacturing, and agriculture sectors, while financial services, including banking, capital markets, and non-bank financial institutions, also played a key role in economic expansion.
The financial sector in Kalimantan experienced significant growth, with Regional Development Banks (BPD) increasing total assets by 6.92% YoY to USD 7.7 billion. Third-party funds rose by 4.15%, while credit disbursement grew by 5.88%. Stock market transactions reached USD 3.2 billion, growing 16.45% month-to-month, while mutual fund investments surged 52.45% quarter-to-quarter. Digital financial services, including Peer-to-Peer (P2P) lending, expanded further, enhancing financial accessibility. The Financial Services Authority (OJK) remains committed to strengthening Kalimantan's financial sector to support sustainable economic growth and regional stability.
