Indonesia's GDP to grow by 5.31% in 2022, the highest growth rate in nine years

　　China News Agency, Jakarta, February 6 (Reporter Lin Yongchuan) According to data released by the Indonesian National Bureau of Statistics on the 6th, the country's gross domestic product (GDP) will grow by 5.31% year-on-year in 2022, the highest growth rate since 2013.

In 2013, Indonesia's GDP grew by 5.56% year-on-year.

　　According to Yuwono, director of the Indonesian National Bureau of Statistics, the country's GDP will grow by 5.01% year-on-year in the fourth quarter of 2022. Although the growth rate is slower than the second and third quarters, it will still remain above 5%, supporting the economy for the whole year. speed up.

In the first three quarters of 2022, the year-on-year growth rates of Indonesia's GDP will be 5.01%, 5.44% and 5.72% respectively.

　　Yuwono said that consumption, exports and investment will support the growth of the Indonesian economy in 2022.

Among them, the fastest growing industry was the transportation and warehousing industry, which increased by 19.87% year-on-year; the export of goods and services increased by 16.28% year-on-year; the accommodation and catering industry increased by 11.97% year-on-year.

　　Yuwono said that in 2022, Indonesian government spending will shrink by 4.51% year-on-year, especially in the fourth quarter, government spending will drop by 4.8% year-on-year, which will affect economic growth to a certain extent.

　　Indonesian Economic Coordinating Minister Erlanga pointed out that digital transformation has promoted Indonesia's economic growth momentum.

The country's digital economy will be worth $77 billion in 2022 and is expected to grow to $146 billion by 2025.

He said Indonesia "has a clear advantage" in competing in the digital economy.

　　Mahendra, director of the Indonesian Financial Services Authority, said that due to the support of domestic consumption and investment, Indonesia's economic recovery will continue in 2023.

In August 2022, Indonesian President Joko Widodo stated in Congress the draft of the 2023 national revenue and expenditure budget that the Indonesian government set the 2023 economic growth target at 5.3%.

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