Indonesia’s economy expanded 5.44 % in the second quarter of 2022, up slightly from the 5.01% growth recorded in the first quarter according to Statistics Indonesia.
Jakarta (VNA) – Indonesia’s economy expanded 5.44 % in the second quarter of2022, up slightly from the 5.01% growth recorded in the first quarter accordingto Statistics Indonesia.
Exports, whichcontribute 25% of the country’s GDP, saw a 19.74% increase, as the disruptionin global supply chains pushed up the prices of Indonesia’s key products.
Besides,the lifting of COVID-19 restrictions and rising spending on the occasion of theEid al-Fitr holiday also stimulated domestic consumption.
TheGovernment’s social assistance for low-income households contributed a 5.51%increase in domestic consumption./.
Foreign direct investment (FDI) into Indonesia rose 39.7% annually in the second quarter of this year to 163.2 trillion rupiah (10.89 billion USD), the biggest climb in the past decade.
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