Last year’s economic growth was the highest since 2013 when Indonesia recorded 5.7 per cent GDP growth.
JAKARTA: Indonesia’s economy grew 5.31 per cent in 2022, the highest in almost a decade, marking a return to its growth patterns before the COVID-19 pandemic.
“Globally, Indonesia benefits from the relatively high prices of leading export commodities in the global market,” said Mr Yuwono. The growth is in line with the projection by the Indonesian central bank of between 4.7 per cent to 5.5 per cent for 2022. The sectors grew between 14 per cent and 17 per cent year on year largely due to the loosening of movement restrictions imposed due to the COVID-19 pandemic.
"If we compare the situation to 2021, there were still restrictions. Then in 2022 things were looser, so there was an increase in the transportation, hotel, and restaurant sectors and this can be said to be the return to pre-pandemic life,” said the economist from the Center of Economic and Law Studies .
Eastern provinces such as those in Maluku and Papua record the lowest contribution at 2.5 per cent but mark the highest growth at 8.65 per cent. Java’s growth is 5.31 per cent while Sumatra’s is 4.69 per cent.
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