Acting Head of Statistics Indonesia announces positive growth across all business sectors, highlighting key contributors to economic expansion.

Source: BPS Statistics YouTube

Acting Head of Statistics Indonesia (BPS) Ibu Amalia Adininggar Widyasanti revealed on 5 February 2024 that Indonesia’s economy expanded by 5.05 percent in 2023, marking growth across all business sectors.

During a press conference in Jakarta, Ibu Widyasanti detailed the significant contributions of various sectors to the overall economic growth, with the processing industry, trade, agriculture, mining, and construction sectors playing pivotal roles.

Key business sectors, including transportation and warehousing, other services, and accommodation and food and beverage, recorded notable cumulative growth rates, reflecting a dynamic economic landscape.

The growth in these sectors was fueled by factors such as increased mobility, the hosting of international events like the U-18 World Cup and ASEAN Summit, Mandalika MotoGP, and preparations for the 2024 General Elections.

The processing industry emerged as the primary driver of economic expansion, contributing 0.95 percentage points to the overall growth, driven by robust domestic and global demand, despite a slight decrease compared to the previous year.

Similarly, the trade sector played a significant role, contributing 0.63 percentage points to economic growth, buoyed by an upsurge in the supply of domestic goods, particularly in segments like automotive and retail trade.

Meanwhile, the transportation and warehousing sector contributed 0.58 percentage points to economic growth, reflecting increased mobility and robust performance in air and rail transportation.

The information and communication sector also made a notable contribution of 0.49 percentage points to the overall economic growth, driven by the expanding internet penetration across Indonesia.

Source: Antara News