Indonesian Economy (GDP) Grows 3.69% in 2021

            The Indonesian economy succeeded in the fourth quarter of 2021 being able to grow above 5%. This makes the Gross Domestic Product (GDP) of the country throughout 2021 grow positively in 2021, after the previous year it grew negative (contracted). On Monday (7/2/2022), the Central Statistics Agency (BPS) announced Indonesia’s economic growth data for the fourth quarter of 2021. Throughout October-December 2021, Indonesia’s GDP grew 1.06% compared to the previous quarter (quarter-to-quarter/qtq). Compared to the fourth quarter of 2020 (year-on-year/yoy), the Indonesian economy grew by 5.02%. This brings economic growth throughout 2021 to 3.69%.

            For the record, the market consensus compiled by CNBC Indonesia estimates that the Gross Domestic Product (GDP) of the country in October-December 2021 will grow by 0.98% qtq. Meanwhile, YoY economic growth is estimated at 5.06%. Thus, economic growth throughout 2021 is estimated at 3.65%. Much better than 2020, which was minus 2.07%.

Feb 07, 2022, CNBC Indonesia