The Central Statistics Agency (BPS) recorded that cumulatively, Indonesia’s economy grew by 5.78 percent in 2013, marked by improved economic performance in various sectors.
“Improvements occurred in all economic sectors, with the highest growth recorded in the transportation and communication sector, which stood at 10.19 percent,” BPS head Suryamin in Jakarta on Wednesday, as quoted by Antara news agency.
He further explained other sectors that also saw improvements throughout 2013 included the finance, real estate and financial services sectors, which grew by 7.56 percent all together; construction sector with 6.57 percent growth and the trade, hotel and restaurant sector all grew 5.93 percent.
Indonesia’s gross domestic product (GDP) growth in the fourth quarter of 2013 was down 1.42 percent from the previous quarter of the same year but grew 5.72 percent compared to the fourth quarter of 2012.
Meanwhile, the country’s GDP growth without oil and gas reached 6.25 percent, higher than the overall GDP growth.
Suryamin said that based on spending, Indonesia’s economy in 2013 was supported by factors such as exports, which grew by 5.3 percent, household consumption 5.28 percent, government consumption 4.87 percent, gross fixed capital formation 4.71 percent and import 1.21 percent.
“Exports had improved, influenced by the government’s policy, which was effective, and the weakening of exchange rate. Meanwhile the gross fixed capital formation had declined due to decreases in imports of capital goods such as machinery, which was needed for production. This affected investments,” said Suryamin.
However, he said, Indonesia’s GDP structure in 2013 was still dominated by household consumption spending which grew by 55.82 percent, gross fixed capital formation by 31,66 percent, export by 23.74 percent, import by 25.74 percent, and government consumption by 9.12 percent. (ebf)