North Maluku's economy is slowing down after its main foundation, the mineral sector, declines. The traditional sectors of society were also affected.
North Maluku's economy is slowing down after its main foundation, the mineral sector, declines. The traditional sectors of society were also affected.Please note that this article was automatically translated using Microsoft Azure AI, Open AI, and Google Translation AI. We cannot ensure that the entire content is translated accurately.
In detail, the decline in the first quarter of 2024 occurred due to the pressure in the manufacturing sector which decreased by 7.33 percent and the mining sector by 1.96 percent. Despite the decline, both sectors still contribute the most, with manufacturing at 27.95 percent and mining at 19.9 percent.
Based on this, the Fishermen's Exchange Rate in North Maluku in April 2024 was at 98.22, below the national NTN of 102.12. Consistent decline has been occurring since April 2023. At that time, NTN was still able to reach 108, above the national average. An NTN value below 100 indicates that fishermen have not yet received any profit or"break even" from their fishing activities.
Pressure is also being experienced by the agricultural sector. The opening of mining areas near agricultural areas causes rice production to consistently fall.
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