Maluku and Papua's Economies Showed the Highest Growth in 2020

Economics & Macro
1
Dwi Hadya Jayani 06/02/2021 07:40 WIB
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Indonesia's Economic Growth by Island (2020)
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Despite the recession, some regions still experienced positive economic growth. Maluku and Papua experienced the highest economic growth among other islands, reaching 1.44% year-on-year (yoy) in 2020. Besides Maluku and Papua, Sulawesi also recorded positive growth of 0.23% (yoy). Meanwhile, Bali and Nusa Tenggara experienced the deepest contraction at -5.01% (yoy).

For information, Indonesia's economy in 2020 contracted by -2.07% year-on-year (yoy) due to Covid-19. This performance was the lowest since Indonesia experienced the 1998 economic crisis, which contracted by -13.13%.

Editor : Muhammad Ahsan Ridhoi

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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