2016, the Financial Services and Insurance Sector Showed the Highest Growth

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07/02/2017 09:39 WIB

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Top 10 Fastest-Growing Business Sectors in 2016

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2016, the Financial Services and Insurance Sector Showed the Highest Growth

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Top 10 Fastest-Growing Business Sectors in 2016

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The financial services and insurance sector recorded the highest Gross Domestic Product (GDP) growth. The Central Bureau of Statistics recorded that the financial services and insurance sector grew by 8.9 percent in 2016 compared to 8.59 percent the previous year. This figure surpassed other sectors and was also above national economic growth, which was 5.02 percent.

The information and communication sector, which usually records the highest growth, ranked second in 2016 with growth of 8.87 percent, lower than the previous year's 9.69 percent. Meanwhile, the transportation and warehousing sector ranked third in 2016, recording GDP growth of 7.74 percent, higher than the previous year's 6.68 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."