RI’s economy grew 4.67% in first six months of 2015

Posted by : PuppyMoon di 01.22

The Central Statistics Agency (BPS) reported on Wednesday that Indonesia’s economy grew by 4.67 percent in the first semester of 2015, slower growth than the same period last year, which was 5.03 percent.

The agency also reported that the country’s economic growth in the second quarter of 2015 slowed down compared to the same period last year and compared to the previous quarter of this year, which stood at 4.72 percent.

According to the BPS, Indonesia’s economy was measured based on the volume of gross domestic product (GDP), which was based on prices valid in the second quarter of 2015, which reached Rp 2.87 quadrillion (US$212.15 billion), and constant prices in 2010, which reached Rp 2.24 quadrillion.

BPS head Suryamin said that from the production side, Indonesia’s growth was supported by almost all business sectors, the highest growth was achieved by the education service sector, which grew by 12.16 percent.

“From spending, the country’s economic growth was supported by almost all components, with the highest growth achieved by household consumption spending, which grew by 4.97 percent,” said Suryamin.

The BPS reported that in the second quarter of 2015, Indonesia’s economy grew by 3.78 percent from the previous quarter. From the production sector, the highest growth was recorded by businesses in the agriculture, forestry and fisheries sector, which grew by 10.09 percent. Meanwhile, in the spending sector, government consumption recorded the highest growth, reaching 32.17 percent.

The BPS further reported that in the first semester of 2015, Indonesia’s economy grew by 4.7 percent from the same period last year.

“Spatially, Indonesia’s economic structure in the second quarter of 2015 was dominated by provincial groups in Java and Sumatra,” said Suryamin.

The provincial group in Java contributed 58.35 percent to GDP, followed by Sumatra (22.31 percent) and Kalimantan (8.22 percent).

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