Michelle Natalia
IDXChannel - Indonesia's economy grew by 4.94 percent in the third quarter of 2023, compared to the third quarter in 2022 (y-on-y), according to the Central Statistics Agency (BPS).
"On the production side, Transportation and Storage experienced the highest growth," BPS Acting Head Amalia Adininggar in a press statement on Monday (6/11/2023).
Meanwhile, on the expenditure side, Nonprofit Institutions Serving Households Final Consumption Expenditure (NPISHs FCE) component experienced the highest growth at 6.21 percent.
Indonesia's economy in the third quarter of 2023, based on Gross Domestic Product (GDP) at current prices, amounted to Rp5,296.0 trillion, and at constant prices (2010), reached about Rp3,124.9 trillion.
Indonesia's economy in the third quarter of 2023 grew by 1.60 percent compared to the previous quarter (q-to-q). On the production side, the highest growth occurred in Construction at 5.87 percent. Meanwhile, on the expenditure side, Gross Fixed Capital Formation (GFCF) component experienced the highest growth at 7.70 percent.
