In preparing economic development plans, information about economic developments in a relatively short period of time is often needed. The information in question can, among other things, be obtained through a study of Quarterly GRDP data and indicators. Apart from planning, quarterly GRDP can also be used to develop econometric models to observe short-term or seasonal economic fluctuations.
In the fourth quarter of 2008, Lampung's economy grew negatively by 7.86 percent compared to the previous quarter (q to q). However, when compared with the same quarter in 2007 (y on y) Lampung's economy grew by 3.69 percent. Cumulatively, Lampung's economic growth up to Quarter IV 2008 (c to c) reached 5.26 percent.
Of the nine sectors, seven sectors recorded negative growth. The sector that experienced the largest negative growth was the Agricultural sector, namely -14.74 percent with a contribution of -6.03 percent, due to the decline in food crop production. The second largest negative growth was in the Finance/Rental/Corporate Services sector, namely 14.62 percent with a contribution of -1.23 percent, due to the decline in productivity in the banking sub-sector.
When compared with conditions in the fourth quarter of 2007 (y on y), all sectors grew positively except the mining and quarrying sector (-2.60 percent). The largest growth was experienced by the Transportation/Communications sector (10.14), followed by the Trade/Hotel/Restaurant sector (8.29 percent), the Building sector (6.70 percent) and the Services sector (5.15 percent).
Cumulatively (c to c), Lampung's economic growth up to the fourth quarter of 2008 reached 5.26 percent. All sectors except the Mining/Excavation sector grew positively, with significant growth occurring in the Finance/Rental/Corporate Services sector (13.85 percent) followed by the Transportation/Communications sector (8.81 percent) and the Trade/Hotel/Restaurant sector (7 .00 percent).
Lampung's economic structure in the fourth quarter of 2008 was still dominated by four main sectors, namely the agricultural sector (34.60 percent), the trade/hotel/restaurant sector (14.08 percent), the services sector (13.70 percent) and the processing industry sector ( 13.60 percent).
