Fisheries Sector Contributes 3% to National GDP

Economics & Macro

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19/09/2016 15:30 WIB

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Distribution of GDP by Economic Sector (Second Quarter 2016)

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Distribution of GDP by Economic Sector (Second Quarter 2016)

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Indonesia's fisheries sector contributed 2.5 percent to the national Gross Domestic Product (GDP) growth rate. Although still a small proportion compared to other industries, this contribution has been steadily increasing annually over the past three years. In the previous corresponding period, the sector's growth was 2.4 percent, and in 2014 it was recorded at only 2.26 percent.

This growth in the fisheries sector was driven by increased production from both capture fisheries and aquaculture. Data from the Ministry of Marine Affairs and Fisheries for the 2011-2016 period shows that the value of Indonesian fisheries exports to various major destinations increased, including an 11 percent increase to the United States, a 14.5 percent increase to China, and a 4.2 percent increase to the European Union. Exports decreased only to Japan, by 7.7 percent.

"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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Fisheries Sector Contributes 3% to National GDP

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