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The Contribution of the Manufacturing Industry to the National GDP is Decreasing

30/12/2016 07:30 WIB

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Contribution of Industry to Gross Domestic Product (GDP) Percentage

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The Contribution of the Manufacturing Industry to the National GDP is Decreasing

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Contribution of Industry to Gross Domestic Product (GDP) Percentage

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The contribution of the manufacturing industry to the GDP in the third quarter of 2016 was only 19.9 percent. The largest contributing industrial sector was non-oil and gas processing, which contributed 17.82%. This figure is very low compared to previous periods. This is because the industrial sector usually contributes no less than 20 percent to the national GDP.

Based on the book 'Indonesia's Economic Projection 2017, Testing Indonesia's Economic Resilience', with the quite drastic decline in the industrial sector, it is reasonable to say that Indonesia is experiencing a phase of premature deindustrialization. Because at a time when all resources have not been fully utilized into a product with optimal added value, the role of the industrial sector has faded. The failure of industrial sector development is certainly also inseparable from the lack of direction in industrial development for several decades.

"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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The Contribution of the Manufacturing Industry to the National GDP is Decreasing

The Contribution of the Manufacturing Industry to the National GDP is Decreasing

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Distribution of Industrial Entrepreneurs in DKI Jakarta in 2024

History of Indonesia's Forestry Sector Contribution to GDP 2015-2024

Number of Industrial Plantation Forest Companies on Major Islands in Indonesia

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The Contribution of the Manufacturing Industry to the National GDP is Decreasing

The Contribution of the Manufacturing Industry to the National GDP is Decreasing

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History of Indonesia's Forestry Sector Contribution to GDP 2015-2024

Number of Industrial Plantation Forest Companies on Major Islands in Indonesia

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