Transportation and Warehousing Sector Records Highest Growth in Q1 2022

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Viva Budy Kusnandar 10/05/2022 16:10 WIB

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BPS reported that the transportation and warehousing sector's GDP grew by 15.79% in Q1 2022 (yoy), the highest among all sectors.

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Transportation and Warehousing Sector Records Highest Growth in Q1 2022

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Q1 2022 GDP Growth

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The Central Statistics Agency (BPS) reports that the Gross Domestic Product (GDP) of the transportation and warehousing sector grew by 15.79% in Q1 2022 compared to Q1 2021 (year on year/yoy).

This growth was the highest compared to other sectors, as shown in the graph.

The next highest-growing sector was other services, at 8.24% (yoy). This was followed by the information and communication sector, growing at 7.14% (yoy); the electricity and gas supply sector, at 7.04% (yoy); and the accommodation and food service sector, at 6.56% (yoy).

The corporate services sector also grew by 5.96% (yoy) in Q1 2022. Wholesale and retail trade grew by 5.71% (yoy), the manufacturing industry grew by 5.07% (yoy), and the construction sector grew by 4.83% (yoy).

Furthermore, the health and social activities sector grew by 4.38% (yoy); the mining and quarrying sector grew by 3.82% (yoy); the real estate sector grew by 3.78% (yoy); the financial and insurance services sector grew by 1.64% (yoy); the water supply sector grew by 1.29% (yoy); and the agricultural sector grew by 1.16% (yoy).

Meanwhile, the education services sector contracted by 1.7% (yoy), and the government administration sector also contracted by 1.45% (yoy).

Indonesia's economy, according to GDP at current prices, reached Rp4.15 quadrillion in Q1 2022. Meanwhile, based on constant 2010 prices, Indonesia's economy grew by 5.01% (yoy) in Q1 2022.

(See also: IMF Projects Stable Economic Growth for Indonesia at 5% Until 2027)

Editor : Adi Ahdiat

"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."