JAKARTA (Yosefardi) – The Central Bureau of Statistics (BPS) today revealed Indonesian economy grew by 5.12% in second quarter of this year, the lowest since 2009, with gross domestic product (GDP) reaching Rp2,480.8 trillion.
The slowdown was mainly due to the decline in government’s spending and export.
Compared to first quarter of 2014, in term of production, the economy grew by 2.47%. Transportation and communication sectors grew by 9.53%.
For first half of 2014, the economy grew by 5.17%, led by transportation and communication sectors with 9.87% growth.
On spending side, household spending rose 55.79% and government spending increased 1.15%. While fixed capital formation (gross) increased 4.83%.
Java island contributed 58.70% of national GDP, followed by Sumatera (23.74%), Kalimantan (8.31%), Sulawesi (4.84%), and other islands (4.41%).