Indonesia's Economy Grew 5.72% (Y-on-Y) in the Third Quarter of 2022

The Central Statistics Agency (BPS) reports that Indonesia's economy, based on the nominal Gross Domestic Product (GDP) at current prices, reached Rp5.09 quadrillion in the third quarter of 2022.

Based on the 2010 constant price GDP, the Indonesian economy grew by 1.81% to Rp2.97 quadrillion in the third quarter of 2022 compared to the previous quarter (quarter-on-quarter/q-on-q).

In terms of business sectors, health and social activities grew by 7.12%, followed by the construction sector at 4.72%, and mining and quarrying at 3.4%.

Compared to the third quarter of 2021, the national economy grew by 5.72% (year-on-year/y-on-y). In terms of business sectors, the transportation and warehousing sector grew by 25.81% (y-on-y), followed by accommodation and food services at 17.83% (y-o-y), and administration, defense, and compulsory social security at 12.42% (y-o-y).

Similarly, up to the third quarter of 2022, the Indonesian economy grew by 5.4% compared to the same period the previous year (cumulative-on-cumulative/c-to-c).

The business sector recording the highest growth was transportation and warehousing at 20.97% (c-on-c), followed by accommodation and food services at 11.29%, and other services at 8.88% (c-on-c).