West Kalimantan (Kalbar) achieved a solid economic growth of 4.90% in 2024, primarily fueled by the trade sector and supported by domestic demand and national strategic projects. Deputy Governor Krisantus Kurniawan highlighted that rising global commodity prices, especially palm oil (CPO), along with increased foreign and domestic investment, significantly contributed to the province’s economic momentum. Additionally, tourism expansion and the rise of starred hotels and annual events have bolstered the local economy. Among the fastest-growing sectors were education services (9.50%), real estate (9.00%), and public administration (8.64%).

Despite the positive outlook, several challenges remain, including underdeveloped infrastructure, uneven investment distribution, and slow industrialization. Krisantus also pointed to the need for improved workforce productivity and higher-quality human resources. To sustain and accelerate growth, he recommended boosting flagship commodity productivity, enhancing inclusive investment, and strengthening local markets. Managing inflation and empowering village-based MSMEs were also seen as vital. Furthermore, developing border trade through cross-border economic zones and establishing vocational schools could help unlock further potential and improve human capital. With these strategic efforts, Kalbar aims to build a stronger, more equitable economy and improve overall community welfare.

Source:
https://kalbar.antaranews.com/berita/636937/pertumbuhan-ekonomi-kalbar-meningkat-sebesar-490-persen