Household Consumption Supports 2.65 Percent GDP Growth

Indonesia's Gross Domestic Product (GDP) in the second quarter of 2017 grew by 5.01 percent compared to the second quarter of the previous year. This achievement is the same as in the first quarter of 2017. The GDP by economic sector, based on 2010 constant prices, reached Rp 2,472.8 trillion from the previous Rp 2,377.6 trillion.

Of the 5.01 percent growth, household consumption expenditure contributed 2.65 percent. Gross Fixed Capital Formation (GFCF) contributed 1.69 percent, and other factors contributed 0.69 percent. The contribution of household consumption expenditure to GDP growth in the second quarter of this year was lower than the previous quarter's 2.72 percent and also lower than the same quarter of the previous year's 2.72 percent. Conversely, the contribution from GFCF increased compared to the previous quarter, which was only 1.53 percent.

Based on its structure, household consumption contributed 55.61 percent to the second quarter 2017 GDP. This figure is lower than the previous quarter's 56.91 percent. Meanwhile, government expenditure increased to 8.63 percent compared to the previous 6.57 percent.