Illustration (Photo:Medcom.id/M Rizal)
Illustration (Photo:Medcom.id/M Rizal)

Open Unemployment Rate Decreased to 5.01% in February 2019

English economic growth (en) indonesian economy (en)
Desi Angriani • 06 Mei 2019 17:02
Jakarta: The Central Statistics Agency (BPS) has announced that the open unemployment rate was down to 5.01 percent in February 2019.
 
"The open unemployment rate stood at 5.01 percent in February 2019," BPS chairman Suhariyanto said here on Monday.
 
In February 2019, occupations with rising job growth were foods and beverages (0.43 percentage point), trade (0.39 percentage poins) and construction (0.34 percentage point). On the other hand, occupations with declining job growth were agriculture (1 percentage point), government administration (0.23 percentage point) and information and communication (0.06 percentage point).

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Indonesia's gross domestic product (GDP) grew by 5.07 percent in the first quarter of 2019. It was 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 BPS leader told a press conference this morning.
 
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.
 
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.
 
In the meantime, Investment realization in Indonesia reached Rp195.1 trillion in the first quarter of 2019. According to the Investment Coordinating Board (BKPM), it was up 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.
 
Furthermore, Foreign Direct Investment (FDI) reached Rp 107.9 Trillion. Compared to last year, FDI decreased by 0.9 percent last quarter.
 

(WAH)
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