Restaurants and Hotels Achieve Highest Growth in Q2 2021

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.