Household Consumption Grew 3.55% in Q4 2021 (YoY)

The Central Statistics Agency (BPS) recorded that household consumption expenditure at current prices reached Rp 2.38 quadrillion in the fourth quarter of 2021. This contributed 52.91% to the total gross domestic product (GDP) of Rp 4.5 quadrillion in the fourth quarter of 2021.

Meanwhile, household consumption expenditure at constant 2010 prices grew by 3.02% to Rp 1.51 quadrillion in the fourth quarter of 2021 (Quarter to Quarter/Q-to-Q). This figure is higher than the third quarter of 2021, which experienced a contraction of 0.19% (Q-to-Q).

Compared to the fourth quarter of 2020, household consumption also grew by 3.5% in the fourth quarter of 2021 (Year on Year/YoY). This figure is also higher than the third quarter of 2021, which only grew by 1.02% (YoY).

At the beginning of the Covid-19 pandemic, household consumption experienced a contraction as deep as 6.54% in the second quarter of 2020 (Q-to-Q), but in the third quarter of 2020, it managed to grow by 4.7% (Q-to-Q).

YoY, household consumption experienced a contraction for four consecutive quarters from the second quarter of 2020 to the first quarter of 2021. Household consumption experienced the deepest contraction, reaching 5.52%, at the beginning of the Covid-19 pandemic, namely in the second quarter of 2020, as shown in the graph.