Indonesia's Economic Growth Outpaces China's, but Lags Behind Vietnam's in Q1 2022

Economics & Macro

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Viva Budy Kusnandar 12/05/2022 11:20 WIB

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Several countries/regions have released their Q1 2022 economic growth data.

Economic Growth of Several Countries/Regions in Q1 2022

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Indonesia's Economic Growth Outpaces China's, but Lags Behind Vietnam's in Q1 2022

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Economic Growth of Several Countries/Regions in Q1 2022

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The Central Statistics Agency reported that Indonesia's economic growth in the first quarter of 2022 reached 5.01%. Indonesia's economic growth was higher than several other countries, but still lower than Vietnam's.

Indonesia's economy, based on the nominal Gross Domestic Product (GDP), reached Rp 4.51 quadrillion in the first quarter of 2022.

Indonesia's economic growth was relatively high compared to other countries, as shown in the graph. However, this high growth was due to the low economic performance in the first quarter of 2021, which was severely impacted by the Covid-19 pandemic.

Indonesia's economy lagged behind Vietnam, which recorded 5.03% (yoy) growth in the first quarter of 2022. Vietnam's economy also showed the highest growth compared to other countries/regions.

The Eurozone economy grew by 5% (yoy) in the first three months of the year. This growth also signifies the recovery of the European economy, which had previously experienced contraction due to the Covid-19 pandemic.

China also reported its economy grew by 4.48% (yoy) in the first quarter of this year. This was followed by Singapore with 3.4% (yoy) growth, the United States with 3.4% (yoy) growth, and South Korea with 3.1% (yoy) growth. Meanwhile, Hong Kong experienced a contraction of 4% (yoy).

Editor : Annissa Mutia

"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 Economic Growth Outpaces China's, but Lags Behind Vietnam's in Q1 2022

Indonesia's Economic Growth Outpaces China's, but Lags Behind Vietnam's in Q1 2022

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Indonesia's Economic Growth Outpaces China's, but Lags Behind Vietnam's in Q1 2022

Indonesia's Economic Growth Outpaces China's, but Lags Behind Vietnam's in Q1 2022

Tags

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4.82% of Situbondo Regency Residents Have Higher Education by End of 2024

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Central Kalimantan's Air Quality This Morning (Dec 6) Worst in Indonesia

Pangandaran Residents' Food Consumption Inadequacy Rate Decreased by 5.22% in 2024

Average Length of Schooling for Cirebon City Residents Up to Grade IX in 2025

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