Indonesian Household Consumption Plummeted in 2020

Cindy Mutia Annur 13/08/2021 10:30 WIB

Bagikan URL has been copied

Memuat...

Household consumption contracted by 2.63% in 2020. This represents the lowest growth in Indonesian household consumption in the last 10 years.

Annual Growth of Household Consumption (2011-2020)

A Font Kecil
A Font Sedang
A Font Besar

Access single data

Indonesian Household Consumption Plummeted in 2020

Want to get more access to Data Stories with a more affordable price? Subscribe.

By subscribing, you join us in presenting quality data.

Get:

Premium Data Stories access
Comfortable reading without ads
Download data in XLS, PDF, and image format
Access to data source information

Basic

~~Rp100.000~~

Rp50.000/month

Professional

~~Rp100.000~~

Rp150.000/month

Institutional For organizations

We accept the following payments:

Some payment methods are still in the process of being activated.

Annual Growth of Household Consumption (2011-2020)

Download

Source

A Small
A Medium
A Bigger

The Central Statistics Agency (BPS) recorded a significant drop in household consumption throughout 2020. Growth contracted by 2.63% last year.

This represents the lowest growth in Indonesian household consumption in the last 10 years. Since 2011, household consumption had consistently grown positively, in the range of 5%.

Domestic household consumption was recorded at 5.04% in 2019. Growth slowed slightly compared to the previous year, which reached 5.05%.

The contraction in household consumption growth last year was a consequence of the COVID-19 coronavirus pandemic. Social restrictions during the pandemic reduced public mobility.

This resulted in a loss of income for many people. Consequently, purchasing power weakened, leading to a decrease in household consumption.

However, household consumption began to improve in the second quarter of 2021. Growth was 5.93% compared to the second quarter of 2020 (year-on-year/yoy).

Editor : Dimas Jarot Bayu

"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."