Second Quarter 2019 Economy Grows Only 5.05%

Economics & Macro

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Dwi Hadya Jayani 05/08/2019 16:22 WIB

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Indonesia's economic growth in the second quarter of 2019 only reached 5.05%. This growth rate slowed compared to the second quarter of 2018, which reached 5.27%.

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Second Quarter 2019 Economy Grows Only 5.05%

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Indonesia's Economic Growth 2017-2019

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Indonesia's economic growth in the second quarter of 2019 only reached 5.05%. This figure shows a year-on-year slowdown, as Indonesia's economic growth in the second quarter of 2018 reached 5.27%.

The highest year-on-year growth, from the expenditure side, came from non-profit institutions serving households (PK-LNPRT) at 15.27%. The next highest growth came from Government Consumption Expenditure (PK-P) at 8.23% and Household Consumption Expenditure (PK-RT) at 5.17%.

From the production side, growth was driven by almost all business sectors, namely other services at 10.73%, company services at 9.94%, information and communication (infokom) at 9.6%, and health and social activities at 9.09%. Only the mining and quarrying sector experienced a decline of 0.71%.

Editor : Hari Widowati

"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."