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Jakarta Economy Slows Down in 2015

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February 5, 2016 | 08:42 pm

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

Economy

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