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Household Consumption Supports Indonesia's Economy in Q2 2023: Contributing Factors

Cindy Mutia Annur 07/08/2023 15:46 WIB

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Indonesia's Central Bureau of Statistics (BPS) notes that household consumption was the main driver of Indonesia's Gross Domestic Product (GDP) growth in Q2 2023. What were the contributing factors?

Indonesia's Annual GDP Growth Based on Expenditure Components (Quarter II-2023)

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Household Consumption Supports Indonesia's Economy in Q2 2023: Contributing Factors

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Indonesia's Annual GDP Growth Based on Expenditure Components (Quarter II-2023)

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The Central Statistics Agency (BPS) recorded that household consumption was the main driver of Indonesia's economic growth in the second quarter of 2023. Economic growth currently reached 5.17% year-on-year (yoy).

Household consumption contributed the majority, or 53.31%, of Indonesia's total Gross Domestic Product (GDP) growth in the second quarter of 2023. This component grew by 5.32% yoy.

BPS Deputy for Balance and Statistical Analysis, Moh. Edy Mahmud, stated that several factors drove household consumption growth in the second quarter of 2023. These include religious holidays, Ramadan and Eid al-Fitr, accompanied by the payment of religious holiday allowances (THR).

"In terms of purchasing power, there was an increase in (public) income from THR and the 13th-month salary paid in the second quarter of 2023," said Edy in an online press conference on the BPS YouTube channel, Monday (7/8/2023).

Furthermore, the increase in public mobility during the religious and school holidays also boosted household consumption.

"Household consumption groups that experienced significant growth include transportation and communication, clothing, footwear and their maintenance services, and restaurants and hotels," said Edy.

Besides household consumption growth, another component contributing to economic growth in the second quarter of 2023 was gross fixed capital formation (PMTB) or investment. This component grew by 4.63% yoy, contributing 27.90% to the second quarter of 2023 GDP.

Government consumption in the second quarter of 2023 also contributed positively to Indonesia's economic growth, growing by 10.52% yoy, with a contribution of 7.51% to the GDP.

Then, the growth of Non-Profit Institutions Serving Households (LNPRT) consumption was recorded at 8.62% yoy, with a contribution of 1.24%.

On the other hand, Indonesia's foreign trade recorded negative growth. According to Edy, both exports and imports still grew significantly in the first quarter of 2023.

"The foreign trade component experienced a contraction of 2.75% (yoy) for export activities, while 3.08% (yoy) for import activities," said Edy.

Nevertheless, the export component contributed 20.25% to Indonesia's economy in the second quarter of 2023. Meanwhile, the import component contracted by 18.54% of Indonesia's GDP.

Editor : Erlina Fury Santika

"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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24 June 2026

Name	Value	%
Inflasi yoy (Mei)	3,08%	+0.66
Inflasi mom (Mei)	0,28%	+0.15
Economic growth	5,11%	+0.08
Pertumbuhan ekonomi (yoy) (Q1)	5,61%	+4.08
Persentase kemiskinan (Des)	7,50%	-0.75
Gini rasio (Sem2)	0,38	0.00
Nilai Tukar USDIDR	17.947	+0.60
PDB ADHK (Q1)	3.447,70	-0.77
Neraca perdagangan (Apr)	89,10	-97.32
Ekspor Migas (Apr)	1,16	-9.81
Impor Migas (Apr)	4,60	+45.09
Ekspor (Apr)	25,30	+12.32
Impor (Apr)	25,21	+31.28
Kunjungan Wisman (Apr)	1,25	+14.75
NTP (Mei)	113,79	+1.34

Household Consumption Supports Indonesia's Economy in Q2 2023: Contributing Factors

Household Consumption Supports Indonesia's Economy in Q2 2023: Contributing Factors

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Household Consumption Supports Indonesia's Economy in Q2 2023: Contributing Factors

Household Consumption Supports Indonesia's Economy in Q2 2023: Contributing Factors

Tags

Related Data

Distribution of Public Deposit Values in Indonesian Banks as of May 2026, Jakarta is the Largest

Prevalence of Inadequate Food Consumption in Pasaman Rose 0.42% Over the Last 5 Years

Average Schooling Duration of Medan City Population Increased to 11.8 Years

KLHK: Indonesia Recorded 441 Hotspots in the Last 24 Hours (Wednesday, 24 June 2026)

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Prevalence of Inadequate Food Consumption in Lima Puluh Kota Reached 6.57% in 2025

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Popular Data