Senin 05 Aug 2024 17:44 WIB

Indonesia Maintain Growing Economy at 5.05 Percent Amid Global Weakness

Indonesia's economic growth is still higher than China, Singapore, and South Korea.

Rep: Eva Rianti/ Red: Lida Puspaningtyas
The Financial System Stability Committee (KSSK), which consists of the Ministry of Finance, Bank Indonesia, Financial Services Authority, and Deposit Guarantee Institutions.
Foto: ANTARA/Mentari Dwi Gayati
The Financial System Stability Committee (KSSK), which consists of the Ministry of Finance, Bank Indonesia, Financial Services Authority, and Deposit Guarantee Institutions.

REPUBLIKA.CO.ID, JAKARTA -- The Indonesia Central Statistical Agency (BPS) reports Indonesia's economic growth of 5.05 percent on an annual basis (year-on-year/yoy) in the second quarter of 2024.

The Gross Domestic Product (GDP) on the basis of Applicable Prices was recorded at Rp 5,536.5 trillion, while GDP on the basis of constant prices reached Rp 3.231 trillion.

Baca Juga

“Indonesia's economic growth in the second quarter of 2024 compared to the second quarter of 2023 or year-on-year (yoy) grew by 5.05 percent,” BPS Deputy for Balance Sheet and Statistical Analysis Moh Edy Mahmud said at a press conference, in Jakarta, Monday (5/8/2024).

Indonesia Finance Minister (Menkeu) Sri Mulyani said that keeping Indonesia's economic growth at 5.1 percent in the second half of 2024 will not be easy due to the weakening global economy.