Effects of Covid-19 Pandemic: Economic Growth and Inflation in North Maluku Province

Abstract

The purpose of this study was to determine what factors led to positive economic growth during the 2020 Covid-19 pandemic in North Maluku Province. The data used in this study came from the Central Statistics Agency (BPS) of North Maluku Province, namely data on economic growth in the first, second, and third quarters in North Maluku Province. The data in this study were processed and presented descriptively. The results of this study indicate that the economy of North Maluku in the first quarter of 2020 grew by 3.06 percent, the second quarter contracted by 0.16 percent and the third quarter experienced a growth of 6.66 percent. This study also provides the final conclusion that economic growth in North Maluku is experiencing the highest positive upward trend in Indonesia. In addition, the largest contribution to inflation in North Maluku is the Food, Beverage and Tobacco group, as well as the Personal Care and Services group.

Keyword: Economic Growth, Inflation, Pandemic Covid-19, North Maluku Province