Indonesian Economic Growth Reaches 5.17 Percent in Q3-2018
The Central Statistics Agency (BPS) has reported that Indonesias economic growth in the third quarter of 2018 reached 5.17 percent, meaning there is a 3.09% increase compared to that in the second quarter of 2018.
The highest growth was achieved by other service business fields at 9.19 percent; followed by information and communication at 8.98 percent; and corporate services at 8.67 percent, said BPS Head Suhariyanto at a press conference at the BPS office, Jakarta, Monday (5/11).
Based on the sources of Indonesias economic growth in quarter III-2018 (year-on-year), according to Suhariyanto, the highest growth is derived from the processing industry business at 0.91 percent; followed by big-retail trade; car-motorcycle repair at 0.69 percent; construction at 0.57 percent; agriculture, forestry and fisheries at 0.49 percent; and other business at 2.51 percent.
Meanwhile, the structure of Indonesias GDP according to business fields based on current prices in quarter III-2018, according to Suhariyanto, does not show significant changes. Processing industry, agriculture, forestry and fisheries, big-retail trade, car-motorcycle repair, and construction still dominate Indonesias GDP, he added On the other hand, he continued, mining and excavation business experienced the lowest growth.
In addition, Suhariyanto explained that Indonesian economic growth based on regions in quarter III-2018 was still dominated by provinces in Java Island, which contributed 58.57 percent to GDP, followed by Sumatra Island 21.53 percent, Kalimantan Island 8,07 percent, Sulawesi Island 6.28 percent and the remaining 5.55 percent was in other islands.
Translated by: Estu Widyamurti
Edited by: Muhammad Ersan Pamungkas