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The Central Statistics Agency (BPS) reported that Indonesia's economy grew by 7.07% year-on-year (yoy) in the second quarter of 2021. This growth was driven by household consumption, which rebounded to 5.93%. All components of household consumption showed positive growth.
The highest growth came from the restaurant and hotel sector, reaching 16.79%. This is a significant increase from the previous quarter, which experienced a contraction of 4.15%, and far surpasses the -16.53% recorded in the second quarter of 2020.
Another significant growth component was transportation and communication, increasing by 10.59%. This is up from -4.24% in the previous quarter and -15.33% in the second quarter of 2020.
This was driven by increased public mobility. BPS recorded increases in passengers for rail, sea, and air transportation of 114.18%, 173.56%, and 456.51%, respectively.
The next highest growth component was food and beverages (excluding restaurants), at 3.89%. This is higher than the -2.31% recorded in the previous quarter and -0.73% in the second quarter of 2020.
"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."
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