Indonesia's Economy Grew 5.01 Percent in the Second Quarter of 2017

Economics & Macro

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07/08/2017 12:48 WIB

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Economic Growth 2014-Second Quarter 2017

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Economic Growth 2014-Second Quarter 2017

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Indonesia's Central Bureau of Statistics (BPS) reported that the Indonesian economy grew by 5.01 percent in the second quarter of 2017 compared to the same quarter of the previous year. This achievement is the same as the previous quarter. The Gross Domestic Product (GDP) at constant 2010 prices in the second quarter of this year reached Rp 2.47 trillion, up from Rp 2.35 trillion in the same quarter of the previous year.

Meanwhile, the domestic economy grew by 5.01 percent throughout the first half of 2017 compared to the same period of the previous year. The GDP at constant 2010 prices in the first half of this year grew to Rp 4,850.4 trillion from Rp 4.62 trillion in the first half of the previous year.

The growth of the economy in the second quarter of 2017, according to its expenditure structure, was still supported by household consumption, which amounted to 55.61 percent. Meanwhile, based on distribution, the growth rate of the Indonesian economy remained concentrated on Java Island, reaching 58.65 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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Indonesia's Economy Grew 5.01 Percent in the Second Quarter of 2017

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Indonesia's Economy Grew 5.01 Percent in the Second Quarter of 2017

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