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Indonesia's Manufacturing Industry's Contribution to GDP Declined 2000-2023

Viva Budy Kusnandar 07/10/2024 13:22 WIB

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According to BPS data, the contribution of the manufacturing industry to Indonesia's GDP decreased during the period 2000-2023.

Contribution of the Indonesian Manufacturing Industry to GDP (2000-2023)

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Contribution of the Indonesian Manufacturing Industry to GDP (2000-2023)

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According to data from the Central Statistics Agency (BPS), Indonesia's economic value based on the gross domestic product (GDP) at current prices reached Rp20.89 quadrillion in 2023.

This value is supported by the manufacturing industry, which contributed Rp3.9 quadrillion or 18.67% to the total GDP, the largest compared to other sectors. This shows that the manufacturing industry is the driver of the Indonesian economy.

When broken down by subsector, in 2023 the coal and oil and gas processing industry contributed 1.92%, while the non-oil and gas processing industry contributed 16.75% to the total GDP.

The contribution trend of this industrial sector has tended to decline during the 2000-2023 period.

In the last two decades, the contribution of the manufacturing industry reached its highest level in 2001, namely 29.05%. But after that, its contribution gradually decreased, as seen in the graph.

In 2010, there was a significant decrease in contribution due to a change in the GDP base price from the 2000 series to the 2010 series.

Editor : Adi Ahdiat

"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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Indonesia's Manufacturing Industry's Contribution to GDP Declined 2000-2023

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Indonesia's Manufacturing Industry's Contribution to GDP Declined 2000-2023

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