Lupa Kata Sandi? Klik di Sini

atau Masuk melalui

Belum Memiliki Akun Daftar di Sini


atau Daftar melalui

Sudah Memiliki Akun Masuk di Sini

Konfirmasi Email

Kami telah mengirimkan link aktivasi melalui email ke rudihamdani@gmail.com.

Klik link aktivasi dan dapatkan akses membaca 2 artikel gratis non Laput di koran dan Majalah Tempo

Jika Anda tidak menerima email,
Kirimkan Lagi Sekarang

BPS: Indonesia's Economic Growth in Q1 of 2024 Highest Since 2015

Translator

Najla Nur Fauziyah

Editor

Laila Afifa

6 May 2024 17:28 WIB

TEMPO.CO, JakartaStatistics Indonesia, or BPS reported that Indonesia's economy grew by 5.11 percent year-on-year (yoy) in the first quarter of 2024. The current-price Gross Domestic Product (GDP) was posted at Rp5,288.3 trillion in the first quarter of 2024, while the constant-price GDP reached Rp3,112.9 trillion. 

"In the first quarter of 2024, Indonesia recorded economic growth by 5.11 percent compared to the first quarter of 2023," said Acting Head of BPS Amalia Adininggar Widyasanti in Jakarta, Monday, May 6, 2024, claiming that the figure was the highest since 2015.

"Compared with economic growth in the first quarter of previous years, this was the highest yet since 2015. The first quarter of 2014 recorded a 5.12 percent hike,” Amalia said in a press conference in Jakarta. However, she also stated that the growth contracted by 0.83 percent compared to the previous quarter. 

Sectorally, she went on, the main contributors to the economy this quarter are the processing, trade, agriculture, construction, and mining industries. These five sectors contributed to economic growth, totaling 63.61 percent of the GDP, with the largest being the processing industry with 0.86 percent. "This is in line with the increase in production activity which remains strong to meet domestic and foreign demand," said Amalia.

Furthermore, Amalia detailed, economic growth was recorded in all regions, albeit with differing rates. Java recorded a 4.84 percent growth yoy in the first quarter of 2024. Followed by Sumatra (4.24 percent), Kalimantan (6.17 percent), Sulawesi (6.35 percent), Bali, and the Nusa Tenggara regions (5.07 percent), as well as Maluku and Papua with the highest growth (12.15 percent).

Java still presented the largest contribution to GDP with 57.7 percent yoy, followed by Sumatra at 21.85 percent yoy. Amalia explained that Papua recorded the highest economic growth at 9.35 percent yoy, while Bangka Belitung Islands recorded the lowest at 0.02 percent yoy. 

"The three groups of provinces with the highest economic growth are Maluku and Papua, Sulawesi, and Kalimantan. The growth in these regions is mainly driven by mining activities in the metal industry and IKN development," she concluded.

ANTARA

Editor’s Choice: Top 3 News of the Week: Indonesia Among Top 5 Weakest Currencies; Top 5 Coldest Cities in the World

Click here to get the latest news updates from Tempo on Google News



Indonesia, Tanzania Discuss Revival of Global South Solidarity

5 jam lalu

Indonesia, Tanzania Discuss Revival of Global South Solidarity

Tanzanian Deputy Minister of Foreign Affairs and East African Cooperation met Vice Foreign Minister Pahala Mansury on July 20, 2024.


Indonesia's Sri Mulyani Meets Singapore President, Discusses World Economic and Financial Challenges

19 jam lalu

Indonesia's Sri Mulyani Meets Singapore President, Discusses World Economic and Financial Challenges

Indonesian Finance Minister Sri Mulyani Indrawati traveled to Singapore to meet Singapore President Tharman Shanmugaratnam.


Indonesia AirAsia Ensures All Flight Operation Gradually Return to Normal After Global IT Disruptions

1 hari lalu

Indonesia AirAsia Ensures All Flight Operation Gradually Return to Normal After Global IT Disruptions

Following worldwide IT disruptions, Indonesia AirAsia guarantees a gradual return to normalcy for all flight operations.


Indonesia Should Set Standard for Global Modest Fashion, Foreign Ministry Official Says

1 hari lalu

Indonesia Should Set Standard for Global Modest Fashion, Foreign Ministry Official Says

Indonesia should take the initiative to set the standard for modest fashion in its bid to become the center of Muslim fashion.


Indonesia Welcomes ICJ's Opinion on Israeli Policies in Occupied Palestine

1 hari lalu

Indonesia Welcomes ICJ's Opinion on Israeli Policies in Occupied Palestine

Indonesia welcomed the International Court of Justice's (ICJ) advisory opinion on Israeli policies and practices in the occupied Palestinian territory


Jokowi Expects Pact with UAE to Help Indonesia Conquer Nickel Market

2 hari lalu

Jokowi Expects Pact with UAE to Help Indonesia Conquer Nickel Market

Jokowi is optimistic that cooperation with the UAE in developing the nickel raw material industry would help Indonesia become a major player globally.


Indonesia's Illegal Import Task Force Comprises 11 Ministries, Institutions

2 hari lalu

Indonesia's Illegal Import Task Force Comprises 11 Ministries, Institutions

The ministry had formed a task force to monitor the import of certain goods entering Indonesia.


Indonesia's Energy Ministry Affirms No Purchase Restriction on Subsidized Fuel

3 hari lalu

Indonesia's Energy Ministry Affirms No Purchase Restriction on Subsidized Fuel

The Indonesian government is currently aiming to boost subsidized fuel distribution accuracy.


Prabowo Optimistic for 8% Economic Growth, Raising Doubts After Jokowi's Shortfall

3 hari lalu

Prabowo Optimistic for 8% Economic Growth, Raising Doubts After Jokowi's Shortfall

President-elect Prabowo Subianto expressed optimism about achieving 8% economic growth.


How Foreigners Can Get KITAS in Indonesia: What's Needed, How Much It Costs

3 hari lalu

How Foreigners Can Get KITAS in Indonesia: What's Needed, How Much It Costs

How to get a KITAS is something that must be known by foreign nationals or foreigners who want to stay temporarily in Indonesia.