JAKARTA (Yosefardi) – The Central Bureau of Statistics (BPS) today revealed Indonesian economy grew by 5.21% in first quarter of this year, with gross domestic product (GDP) reaching Rp2,401.2 trillion.
Compared to fourth quarter of 2013, the economy grew by 0.95%. Agriculture, farming, forestry, and fishery sectors grew by 22.7% alongwith the harvest season.
Year on year, transportation and communication sectors grew by 10.23% in first quarter of this year, the highest growth among the sectors. Only mining and exploration sector declined 0.83%.
On spending side, government spending increased 3.58% and household spending rose 5.123%. While fixed capital formation (gross) increased 5.12%.
Java island contributed 58.52% of national GDP, followed by Sumatera (23.28%), Kalimantan (8.45%), Sulawesi (4.72%), and other islands (4.43%).