Indonesia's Economy Contracts 0.74% in Q1 2021 Amidst Recession

Economics & Macro

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Andrea Lidwina 05/05/2021 11:35 WIB

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Indonesia's economy contracted by 0.74% year-on-year in the first quarter of 2021. While still experiencing a contraction, this economic growth was better than the previous quarter's -2.19%.

Indonesia's Year-on-Year (y-o-y) Economic Growth

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Indonesia's Economy Contracts 0.74% in Q1 2021 Amidst Recession

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Indonesia's Year-on-Year (y-o-y) Economic Growth

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Indonesia's economy contracted by 0.74% year-on-year (yoy) in the first quarter of 2021. Therefore, Indonesia has not yet escaped recession. However, this economic growth is better than the previous quarter's -2.19%.

Based on business sectors, the information and communication sector recorded the highest growth (8.72%), followed by water supply (5.49%), health services (3.64%), and agriculture (2.95%). The electricity and gas supply and real estate sectors also grew by 1.68% and 0.94%, respectively.

Meanwhile, other sectors continued to contract in the first three months of this year. The transportation and warehousing sector experienced the sharpest decline, at -13.12%.

Editor : Dimas Jarot Bayu

"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."