Government Spending Boosts Construction Sector Growth to 2.81% in 2021

Economics & Macro

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Viva Budy Kusnandar 11/03/2022 16:10 WIB

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The ongoing construction of toll roads and other government infrastructure projects fueled the continued growth of the construction sector during the Covid-19 pandemic.

Construction Sector GDP Value and Growth (2010-2021)

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Government Spending Boosts Construction Sector Growth to 2.81% in 2021

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Construction Sector GDP Value and Growth (2010-2021)

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The construction of toll roads and ongoing government infrastructure projects fueled the growth of the construction sector in the second year of the Covid-19 pandemic.

The Central Statistics Agency (BPS) recorded that the construction sector's gross domestic product (GDP) at current prices (ADHB) reached Rp1.77 quadrillion in 2021.

This sector's GDP contributed 10.44% to the national GDP, which reached Rp16.97 quadrillion.

Its contribution was also the fourth largest after the manufacturing industry (19.25%), agriculture (13.28%), and wholesale and retail trade (12.97%).

Measured by GDP at constant 2010 prices (ADHK), the construction sector grew by 2.81% to Rp1.1 quadrillion in 2021 from the previous year.

This achievement was better than 2020, which experienced a contraction of 3.26%.

In the last decade, the construction sector achieved its highest growth in 2011, at 9.02%.

However, after that, its growth rate showed a downward trend and experienced a contraction in 2020 due to the Covid-19 pandemic.

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."