Second Quarter 2016 Economy Shows Highest Growth Since 2006 (QoQ)

Economics & Macro

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22/08/2016 11:32 WIB

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Quarterly Economic Growth (Q0Q) 2006-2016

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Quarterly Economic Growth (Q0Q) 2006-2016

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Indonesia's economy grew by 4.02 percent in the second quarter of 2016 compared to the previous quarter (QoQ). This achievement is the highest since 2006. Seasonal factors in the agriculture, forestry, fisheries, and plantation sectors significantly supported this growth. A major harvest season for several commodities in the plantation and agricultural sectors occurred during this quarter.

Growth during the April-June 2016 period occurred in almost all sectors, except for mining and quarrying, which still showed no improvement. The highest growth was achieved by the agriculture, forestry, and fisheries sector, reaching 11.9 percent. This was followed by the education services sector at 6.36 percent, and the wholesale and retail trade, repair of motor vehicles and motorcycles sector at 3.84 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."