Indonesia`s economy grew 4.67% in first semester

 
 
 
 
 
 
 
 
 
 

?Indonesias economy grew 4.67 percent during the first semester or lower than the value recorded in the same period last year at 5.03 percent.

 
"The economic growth in the second quarter was lower than the same period last year and the previous quarter, which was recorded at 4.72 percent," Head of the Central Bureau of Statistics (BPS) Suryamin stated during a press conference here on Wednesday.

 
 
Indonesias economy was measured by its gross domestic product (GDP), amounting to Rp2,866.9 trillion based on its current price in the second quarter of 2015 or Rp2,239.3 trillion under its constant price.

 
Suryamin explained that in terms of production, the growth was driven by almost all business sectors, with the highest achieved in the education service sector, which grew by 12.16 percent.

 
"In terms of expenditures, it was supported by almost all components, with the highest achieved by the household consumption spending component at 4.97 percent," he affirmed.

 
Indonesias economy in the second quarter of 2015 grew by 3.78 percent (quarter-to-quarter) compared to the previous quarter.

 
In terms of production, the highest growth was recorded in the agriculture, forestry, and fishery sectors reaching 10.09 percent, meanwhile in terms of spending, government consumption recorded the highest growth at 32.17 percent.

 
Indonesias economy in the first quarter of 2015 grew 4.70 percent. Production in all business sectors grew except for mining and excavation, which was down 3.58 percent. Spending was driven by household spending that grew by 4.99 percent.

 
"Spatially, Indonesias economic structure in the second quarter of 2015 was dominated by provinces in Java and Sumatra," Suryamin pointed out.

 
Provinces in Java were the largest contributors to the GDP, reaching 58.35 percent, followed by provinces in Sumatra, at 22.31 percent, and Kalimantan, at 8.22 percent.