Indonesia's Economy Grew by 3.69% in 2021

Indonesia's economy, measured by Gross Domestic Product (GDP) at current prices, reached Rp 16.97 quadrillion in 2021. Meanwhile, based on 2010 constant prices, the Indonesian economy grew by 3.69% to Rp 11.12 quadrillion in 2021 compared to 2020.

For information, in 2020 the domestic economy contracted by 2.07% due to the Covid-19 pandemic.

From the production side, the highest growth occurred in the health and social services sector, reaching 10.46% last year. From the expenditure side, the highest growth was achieved by the export of goods and services component, at 24.04% last year.

By industry, the manufacturing sector remained the largest contributor to national economic growth, reaching Rp 3.27 quadrillion or 19.25% of total GDP last year. This was followed by the agriculture sector at Rp 2.25 quadrillion (13.28%), and wholesale and retail trade at Rp 2.2 quadrillion (12.97%).

From the expenditure side, household consumption contributed Rp 9.24 quadrillion or 54.42% of total 2021 GDP. This was followed by gross capital formation (GCF) with a contribution of Rp 5.23 quadrillion (30.81%) of GDP.

The national economic structure last year was still spatially dominated by provinces on Java Island, contributing 57.89% of total GDP.