Indonesia's 2024 National Economic Growth Projection: Eastern Indonesia Shows Strongest Performance
Supported By
- A Small Font
- A Medium Font
- A Bigger Font
Indonesia's economic growth has the potential to strengthen in 2024, particularly in Eastern Indonesia.
This projection is recorded in a report by the Katadata Insight Center (KIC) and Grant Thornton titled *Unraveling Indonesia’s Prospects in 2024: How 5 Provinces are Set to Benefit From The Macro Trends*.
According to the report, Indonesia's gross domestic product (GDP) is capable of growing in the range of 5.3% to 5.7% in 2024, even with slowing export growth.
When broken down by region, the strongest projection is in Eastern Indonesia, specifically Sulawesi-Maluku-Papua (Sulampua), with an expected growth of 6.9%.
"Sulawesi and Maluku will continue to benefit from nickel mining and its downstream activities," the KIC-Grant Thornton report states.
Meanwhile, the weakest projection is in the Bali-Nusa Tenggara (Bali Nusra) region, with an expected economic growth of 3.1%.
According to KIC-Grant Thornton, although the tourism sector has begun to recover from the impact of the Covid-19 pandemic, Bali still faces challenges in returning to pre-pandemic levels.
"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
Latest Data Stories
Supported By
Trending Topics
Popular Data