Understanding the Economy of Babel Province After Ramadhan - News - BPS-Statistics Indonesia Belitung Timur Regency

Need Help? Chat via WhatsApp on the button in the bottom right corner

Currently, the publication of Belitung Timur Regency in Figures 2025 is available and can be accessed on the publication menu.

Understanding the Economy of Babel Province After Ramadhan

Understanding the Economy of Babel Province After Ramadhan

May 22, 2019 | Other Activities


Ramadan runs so fast. Without feeling midway through Ramadan we have passed together. As the days of the moon are full of glory, it is appropriate to be filled with good deeds. It is incomplete if Ramadhan is passed without charity, homecoming and other distinctive traditions. With this ritual, the velocity of money goes on, even distribution occurs and has an impact on the movement of the economy of a region.
Ramadhan came as a trigger for the high regional economy to the national level. Ramadan has a massive impact on all lines of the economy. Can't be seen during this Ramadhan, Bank Indonesia is greatly helped by its work. The Ramadhan moment helps Indonesian banks manage money circulation. This is thanks to the unique traditions that occur in many areas during the month of Ramadan, say the tradition of exchanging new money. New printed money goes into circulation, old money goes back to bank Indonesia. It has become commonplace on the roadside or red light intersection, many old money exchange services with new money with a smaller nominal which will later be distributed to relatives when Eid. Moreover, coupled with the tradition of going home, which is a big agenda and seems obligatory to be fulfilled for Muslims in Indonesia. This phenomenon of homecoming Lebaran increasingly makes the circulation of money to remote areas increasingly increasing torrential flow. This impact of the Ramadan tradition has greatly helped Bank Indonesia in distributing money.
The homecoming tradition also moves various regional economic joints. Starting from the tourist business, namely ticket sales, hotel rooms, transportation services and food-beverage business as if growing excited along with Lebaran homecoming moments. The high level of migration at the end of Ramadan extends business networks to remote areas. Businesses that support directly as mentioned above are the main business directly affected by the annual Muslim homecoming agenda in Indonesia. Not to mention other derivative businesses that support homecoming activities such as motorbike repair / workshop services to electronic money trading. This massive migration provides a multiplier effect on the economy.
Ramadan also means it's time to improve for some groups. Not only in terms of clothing to widen in order to beautify themselves, the construction sector in large numbers was also affected by the moments of Ramadan. For some areas of Ramadhan it also means cleaning up houses, painting houses and replacing furniture. Electricity and water consumption in homes also increased including houses of worship. Especially after adding THR intake for almost all workers. The injection of fresh funds for each of these households as if making expenditures that are almost impossible to get out, could be there because people's purchasing power becomes stronger. Special expenditures to spend or in economic terms called dipossible income become excited by the proliferation of benefits obtained.
This increase in economic flows can be seen in detail by reflecting on the economic phenomenon in 2018. Last year's Ramadan falls in the Second Quarter of 2018 (April - June). During this period the Central Statistics Agency (BPS) of the Bangka Belitung Islands Province noted that there was an increase of approximately Rp. 129.49 billion in Rupiah to Rp. 6,924.04 Billion Rupiah from household consumption is calculated on the basis of Constant Prices (ADHK). The calculation of ADHK shows an increase in expenditure in Quarter II 2018 at the level of quantity (constant price of base year 2010). With such a large increase in value, the household consumption growth rate peaked at 1.91 percent in the second quarter of 2018. With such a high rate, household consumption along with other components boosted Babel's economic growth at a rate of 3.46 percent. The phenomenon that occurred in the second quarter was enough to provide good news considering that in the previous quarter, the economy of Babel appeared to be sluggish with degradari tumumbahan to minus 0.30 percent in aggregate.
Realistic Growth Assumption Prediction
Looking into the second quarter of 2019, it seems that Babylon's economic growth will not be as strong as in 2018. It may still be just as high but it is difficult to be even higher. This is due to the influence of the price of expensive airline tickets. This of course has an influence on the economy of Babylon because getting out of the province cannot be reached by land access. Travel time to use the sea lane is quite long so that the air line is of course still a favorite for travelers in 2019 to get out of Babylon. The interest of travelers using the airways will not be as busy as last year, because prospective travelers will think again to buy airplane tickets or invest their disposable income from THR in gold or savings.
On the other hand, Ramadhan may reduce productivity. This is undeniably true because in terms of working hours both government and private institutions reduce their normal working hours. Plus the existence of leave together at the end of Ramadan is of course an important factor in decreasing productivity. On the other hand, the high level of consumption expenditure at the end of Ramadan seems to compensate for the decrease caused by the reduction in working hours. Even as explained earlier, Ramadhan actually enlivens the joints of the economy. Productivity decreased but consumption increased more than the decline so that the aggregate economy was still moving. After all, at this moment the level of happiness of the people tends to rise because they can gather in their hometown together with relatives. Ramadhan is clearly not just a ritual of worship to multiply the evening prayer and recite the Koran. Of course because Ramadan can provide a different dimension to economic growth in the region. Generating economic passion which was initially sluggish.
Badan Pusat Statistik

BPS-Statistics Indonesia

Badan Pusat Statistik Kabupaten Belitung Timur (Statistics of Belitung Timur Regency)Jl. Raya Manggarawan Desa Padang Manggar

Kepulauan Bangka Belitung Indonesia

Telp (0719) 9220090

9220091

Mailbox : bps1906@bps.go.id

logo_footer

Copyright © 2023 BPS-Statistics Indonesia