Household Consumption in the Third Quarter of 2018 Grew by 5.01%

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06/11/2018 19:42 WIB

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Household consumption contributed Rp 1,440.84 trillion (approximately 53.68% of national GDP) to the Indonesian GDP at constant basic prices in the third quarter of 2018.

Household Consumption Expenditure Growth (Q1 2010 - Q3 2018)

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Household Consumption Expenditure Growth (Q1 2010 - Q3 2018)

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Household consumption in the third quarter of 2018 grew by 5.01% year-on-year (YoY) and by 3.31% quarter-on-quarter (QoQ). Cumulatively (Q1-Q3 2018), household spending grew by 5.03% compared to the cumulative figure for Q1-Q3 2017.

Data from the Central Bureau of Statistics (BPS) recorded Household Consumption contributing to the Gross Domestic Product (GDP) at a constant base price of Rp 1,440.84 trillion in Q3 2018, representing approximately 53.68% of the total national GDP of Rp 2,684.19 trillion. The largest household expenditure was on food and beverages (excluding restaurants), reaching Rp 528.59 trillion or 36.69% of total household consumption. This was followed by transportation and communication at Rp 361.9 trillion, or 25.12% of the total.

In the third quarter of 2011, household consumption grew by 5.89% (YoY), the highest level recorded between 2010 and Q3 2018. However, after that, the growth of household spending showed a slowing trend. It even recorded growth below 5% on several occasions.

"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."