Illustration ( Rizal)
Illustration ( Rizal)

Indonesia's Economy Grows 5.07% in Q1 2019

English economic growth (en) indonesian economy (en)
Desi Angriani • 06 Mei 2019 15:50
Jakarta: Indonesia's gross domestic product (GDP) grew by 5.07 percent in the first quarter of 2019, higher than last year's achievement of 5.06 percent.
"Indonesia's economy in the first quarter of 2019 compared to the first quarter of 2018 grew by 5.07 percent year-o-year," the Central Statistics Agency (BPS) chairman Suhariyanto told a press conference on Monday, May 6, 2019.
On the basis of the current price, Indonesia's GDP reached Rp3,782.4 trillion. On the basis of the constant price, Indonesia's GDP reached 2,625 trillion.

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In terms of production, the highest growth was achieved by Business Activities at 10.36 percent. From expenditure side, the highest growth was achieved by the Non-Profit Institution Consumption Component Serving Households (PK-LNPRT) at 16.93 percent.
Java Island contributed the most to GDP which amounted to 59.03 percent. It was followed by Sumatra Island at 21.36 percent.
According to the Investment Coordinating Board (BKPM), Investment realization reached Rp195.1 trillion in the first quarter of 2019, growing by 5.3 percent compared to the same period in 2018.
Based on the official data from the agency, Domestic Direct Investment (DDI) reached Rp 87.2 Trillion. Compared to 2018, DDI increased by 14.1 percent last quarter.
In the meantime, Foreign Direct Investment (FDI) reached Rp 107.9 Trillion. Compared to last year, FDI decreased by 0.9 percent last quarter.
The top five regions of investment realization (DDI and FDI) are: West Java (Rp. 37.3 trillion, 19.1 percent), Special Territory of Jakarta (Rp 24.7 trillion, 12.7 percent), Central Java (Rp 21.4 trillion, 11.0 percent), East Java (Rp 12.6 trillion, 6.5 percent), and Banten (Rp 12.5 trillion, 6.4 percent).
Meanwhile, the top five sectors of Investment realization (DDI and FDI) are: Transportation,
Warehouse, and Telecommunication (Rp 37.3 trillion, 19.1 percent), Electricity, Gas, and Water Supply (Rp 33.2 trillion, 17.0 percent), Construction (Rp 19.5 trillion, 10.0 percent), Housing, Industrial Estate, and Office Building (Rp 18.8 trillion, 9.7 percent), and Mining (Rp 15.1 trillion, 7.7 percent).
Furthermore, the top five investment country of origin are: Singapore (US$ 1.7 billion, 24.0 percent), China (US$ 1.2 billion, 16.1 percent); Japan (US$ 1.1 billion, 15.8 percent); Malaysia (US$ 0.7 billion, 9.8 percent), and Hong Kong (US$ 0.6 billion, 8.1 percent).


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