The Real Estate Sector Grew by 2.78% in 2021

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Viva Budy Kusnandar 10/03/2022 16:10 WIB

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The real estate sector's PDB (Gross Domestic Product) at current prices reached Rp 468.22 trillion in 2021.

Real Estate Sector GDP Value and Growth (2010-2021)

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The Real Estate Sector Grew by 2.78% in 2021

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Real Estate Sector GDP Value and Growth (2010-2021)

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The real estate sector's Gross Domestic Product (GDP) at current prices reached Rp 468.22 trillion in 2021. This value constitutes 2.76% of the national GDP, which reached Rp 16.97 quadrillion.

Measured at constant 2010 prices, the real estate sector grew by 2.78% to Rp 333.28 trillion last year compared to the previous year.

This achievement is better than the previous year's 2.32% growth, but still lower than the national GDP growth of 3.69%.

The real estate sector shows an upward trend, recording its highest growth of 7.68% in 2011. The lowest growth was recorded in 2020 due to the impact of the Covid-19 pandemic.

For information, the manufacturing industry remains the main pillar of the national GDP with a contribution of 19.25% last year. This is followed by the agricultural sector with a contribution of 13.28%, and the wholesale and retail trade sector with 12.97%.

Editor : Annissa Mutia

"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."