Indonesia's Textile Industry Contribution Decreases, Less Than 1% of GDP in 2023

Economics & Macro

Premium

Viva Budy Kusnandar 30/10/2024 17:33 WIB

URL has been copied

Memuat...

Indonesia's textile and apparel industry's contribution to the country's GDP has been steadily declining in recent years, falling to less than 1% in 2023.

Growth and Contribution of the Textile and Apparel Industry to Indonesia's GDP (2011-2023)

A Small Font
A Medium Font
A Bigger Font

You are accessing content Single Data Premium.
To continue, please subscribe or buy individually.

Professional

Enjoy premium access with a more affordable price.

Start from

~~Rp300.000~~ 150.000/month

Access more premium content and exclusive features for customers.

Start from

50.000/month

Hanya Rp833 per artikel

More details »

Buy Retail

Read the article immediately “Indonesia's Textile Industry Contribution Decreases, Less Than 1% of GDP in 2023”.

Rp10.000

We accept the following payments:

Some payment methods are still in the process of being activated.

Growth and Contribution of the Textile and Apparel Industry to Indonesia's GDP (2011-2023)

Download

Source

A Small Font
A Medium Font
A Bigger Font

The contribution of the textile and garment industry to Indonesia's Gross Domestic Product (GDP) has declined in recent years.

In 2011, this industry still contributed 1.38% to the national GDP. However, its contribution gradually decreased thereafter, falling below 1% in 2023.

The GDP value of the textile and garment industry at current prices in 2023 reached Rp203.95 trillion, contributing only 0.98% to the national GDP at current prices, which totaled Rp20.89 quadrillion.

Measured at constant 2010 prices, the textile and garment industry experienced negative growth of 1.98% in 2023.

This negative growth was the fifth time it occurred since 2011, as shown in the graph.

At the company level, the decline in the textile industry's performance is evident in PT Sri Rejeki Isman Tbk (Sritex).

From 2021 to 2023, Sritex's sales continuously declined. During this period, they also consistently recorded losses and experienced capital deficiency, where their liabilities exceeded their assets.

In October 2024, this textile issuer with the stock code SRIL was declared bankrupt due to its failure to repay its debts.

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."

Related Data

Impact of the Sumatra Disaster, Indonesia's GDP Could Decrease by IDR 68 Trillion

Annual Inflation in Indonesian Provinces in November 2025, Riau Highest

Established Entrepreneurship Ratio in 38 Provinces of Indonesia Early 2025

Trends in Indonesia's Entrepreneurship Ratio 2016-2025

Growth in the Number of Indonesian Entrepreneurs 2016-2025

Trend in the Number of Stock and Other Securities Investors in Indonesia 2017-2024

Latest Data Stories

Global Natural Gas Prices Rise to US$3.33/Mmbtu (Friday, May 23, 2025) Energy 05/12/2025, 15:01 WIB

Population of Male Cattle Suitable for Slaughter, Period 2013-2024 Demographics 05/12/2025, 15:00 WIB

Construction Costliness Index of Asmat Regency, South Papua Reached 152.51 Points in 2025 Property 05/12/2025, 14:57 WIB

Global Oil Prices Fall to US$63.92 per Barrel (Friday, May 23, 2025) Market 05/12/2025, 14:46 WIB

US Soybeans Futures Contract Price (Two-Month) - US$1,060.25/Bushel (Friday, May 23, 2025) Economics & Macro 05/12/2025, 14:34 WIB

Today's Food Prices (05/12) in Indonesia: Bird's Eye Chili Up, Red Chili Down Economics & Macro 05/12/2025, 14:26 WIB

Download

Source

Indonesia's Textile Industry Contribution Decreases, Less Than 1% of GDP in 2023

Tags

Related Data

Impact of the Sumatra Disaster, Indonesia's GDP Could Decrease by IDR 68 Trillion

Annual Inflation in Indonesian Provinces in November 2025, Riau Highest

Established Entrepreneurship Ratio in 38 Provinces of Indonesia Early 2025

Trends in Indonesia's Entrepreneurship Ratio 2016-2025

Growth in the Number of Indonesian Entrepreneurs 2016-2025

Trend in the Number of Stock and Other Securities Investors in Indonesia 2017-2024

Latest Data Stories

Popular Data

Indonesia's Textile Industry Contribution Decreases, Less Than 1% of GDP in 2023

Tags

Related Data

Impact of the Sumatra Disaster, Indonesia's GDP Could Decrease by IDR 68 Trillion

Annual Inflation in Indonesian Provinces in November 2025, Riau Highest

Established Entrepreneurship Ratio in 38 Provinces of Indonesia Early 2025

Trends in Indonesia's Entrepreneurship Ratio 2016-2025

Growth in the Number of Indonesian Entrepreneurs 2016-2025

Trend in the Number of Stock and Other Securities Investors in Indonesia 2017-2024

Latest Data Stories

Trending Topics

Popular Data