Jakarta Economy Slows Down in 2015

Translator

Editor

Kamis, 1 Januari 1970 07:00 WIB

Cranes are seen over the skyline of the Indonesian capital Jakarta November 5, 2015. Higher government spending helped Indonesia's struggling economy grow slightly faster in the third quarter, but not enough to show a real turnaround has begun. REUTERS/Darren Whiteside

TEMPO.CO, Jakarta - Data from the Central Bureau Statistics (BPS) of Jakarta revealed that the Jakarta economy grew by 5.88 percent, slower than in the previous year at 5.91 percent. The economic growth was measured based on the regional gross domestic product (GDP).



“The regional GDP per capita in Jakarta last year reached Rp194.87 million or US$14,570,” BPS Jakarta head Syech Suhaimi said on Friday, February 5, 2016.



From the production, Suhaimi explained, the highest growth was achieved by the financial services sector at 10.72 percent. From the spending, the household consumption gained the highest growth by 5.04 percent.



The Jakarta economy structure is currently dominated by three sectors, namely car and motorcycle reparations (16.65 percent), the processing industry (13.84 percent), and construction (13.16 percent).



The Capital’s economic growth had been slowing down over the last three years. In 2013, the Jakarta economy grew by 6.07 percent, and dropped to 5.91 percent in 2014.



“The trend continues to decrease. Since 2011, the government and the business community have been watching this trend,” he said.



BISNIS.COM

Related News

Economists Warn of Large Coalition in Prabowo-Gibran's Cabinet

19 jam lalu

Economists Warn of Large Coalition in Prabowo-Gibran's Cabinet

Several experts discussed input for Prabowo-Gibran in forming their cabinet.

Read More

A Domestic Recipe for the Middle East Conflict

1 hari lalu

A Domestic Recipe for the Middle East Conflict

The Middle East conflicts will harm the Indonesian economy. The solution is to improve the domestic economy.

Read More

Canada's Economy Misses February Growth Forecasts; Q1 GDP Seen Up 2.5%

2 hari lalu

Canada's Economy Misses February Growth Forecasts; Q1 GDP Seen Up 2.5%

Statistics Canada said GDP was likely unchanged from February.

Read More

Finance Minister Sri Mulyani Discusses Middle East Impact Mitigation with VP Ma'ruf Amin

2 hari lalu

Finance Minister Sri Mulyani Discusses Middle East Impact Mitigation with VP Ma'ruf Amin

Sri Mulyani said that geopolitical tensions in the Middle East became the focus of world leaders, which will have a significant economic impact.

Read More

Sri Mulyani Talks of Impact of Middle East Conflict on Indonesia

6 hari lalu

Sri Mulyani Talks of Impact of Middle East Conflict on Indonesia

Finance Minister Sri Mulyani said that geopolitical tensions in the Middle East are on the rise and have drawn the attention of global leaders.

Read More

OJK Spills Impact of Middle East Escalation on Indonesia's Financial System Stability

14 hari lalu

OJK Spills Impact of Middle East Escalation on Indonesia's Financial System Stability

OJK will continue to monitor the latest developments in the Middle East and their impact on financial system stability in Indonesia.

Read More

Jokowi Asserts Diplomacy, Economic Policy to Anticipate Middle East Conflict Escalation

15 hari lalu

Jokowi Asserts Diplomacy, Economic Policy to Anticipate Middle East Conflict Escalation

Jokowi chaired a limited meeting with his ministers at Merdeka Palace, Jakarta, on Tuesday to discuss the impact of Iran's strike on Israel.

Read More

Airlangga Preps to Mitigate Economic Impact of Iran-Israel Conflict

16 hari lalu

Airlangga Preps to Mitigate Economic Impact of Iran-Israel Conflict

Coordinating Minister Airlangga Hartarto talked about the potential impact of Iran's attack on Israel on the country's economy.

Read More

Vietnam Economy Expands by 5.66% in Q1 as Exports Boom

34 hari lalu

Vietnam Economy Expands by 5.66% in Q1 as Exports Boom

Vietnam's gross domestic product in the first quarter grew 5.66% from a year earlier as exports boomed, government data released on Friday.

Read More

Jakarta has Capital to Become Business City Competing with New York: Economist

46 hari lalu

Jakarta has Capital to Become Business City Competing with New York: Economist

The metropolitan city of Jakarta has the capital to become a business and economic hub that can compete with New York, an economist says.

Read More