Indonesia’s Economic in Q2-2023 Grew by 5.17 Percent (y-on-y)

Release Date	:	August 7, 2023
File Size	:	7.11 MB

Abstract

Indonesia’s economy based on Gross Domestic Product (GDP) at current prices in the second quarter of 2023 reached IDR5,226.7 trillion and at constant prices (2010) reached IDR3,075.7 trillion.
Indonesia’s economy in the second quarter of 2023 grew by 3.86 percent compared to the previous quarter (q-to-q). From the production side, Public Administration and Defence; Compulsory Social Security experienced the highest growth at 15.80 percent. Meanwhile on the expenditure side, General Government Final Consumption Expenditure (GGFCE) component experienced the highest growth at 41.30 percent.
Indonesia’s economy grew by 5.17 percent in the second quarter of 2023, compared to the second quarter in 2022 (y-on-y). From production side, Transportation and Storage experienced the highest growth at 15.28 percent. Meanwhile on the expenditure side, GGFCE experienced the highest growth at 10.62 percent.
Indonesia’s economy grew by 5.11 percent in the first semester of 2023, compared to the first semester in 2022 (c-to-c). From production side, Transportation and Storage experienced the highest growth at 15.59 percent. Meanwhile on the expenditure side, GGFCE experienced the highest growth at 7.53 percent.
Spatially, the Indonesian economy in the second quarter of 2023 shows strengthening in several regions. The group of provinces on Jawa Island is the main contributor to the national economy with a share of 57.27 percent and recorded a growth rate of 5.18 percent (y-on-y) compared to quarter 2-2022.

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