The Indonesian Economy In 2023 Grows 5.05 Percent, Sri Mulyani: This Is A Positive Story

JAKARTA - The Central Statistics Agency (BPS) noted that Indonesia's economic growth throughout 2023 was 5.05 percent, or lower than the economic growth in 2022 of 5.31 percent.

As for this economic growth, Gross Domestic Product (GDP) 2023 reached IDR 20,892.4 trillion and GDP per capita reached IDR 74.96 million. Meanwhile, economic growth in the fourth quarter of 2023 was 5.04 percent year on year (yoy).

Finance Minister Sri Mulyani said that economic growth occurred evenly throughout Indonesia with the highest growth occurring in Maluku and Papua, reaching 6.94 percent. Meanwhile, Java Island contributed the largest to the economy, reaching 57.05 percent.

In terms of business fields, the transportation and warehousing sectors are the largest contributors to GDP in 2023, which is 13.96 percent, followed by the mining and quarrying sector 6.12 percent.

Sri Mulyani added that although world economic growth has slowed down, the Indonesian economy still recorded positive growth.

"Although the world economy has experienced a slowdown, Alhamdulillah, the Indonesian economy is still growing positively," Sri Mulyani wrote in a post on her personal Instagram account @smindrawati, quoted by Selas on February 6.

According to Sri Mulyani in 2023, the Indonesian economy was predicted from the start by many international institutions as a year full of challenges and turbulence.

"This is a positive story from the Indonesian economy in 2023, a year that has been predicted from the start by many international institutions as a year full of challenges and turbulence," he explained.

Previously, Acting (Plt.) Head of BPS Amalia Adininggar Widyasanti said that the slowdown in economic growth over the past year was due to a slowdown in the global economy.

Actually, the slowdown is not too much. When compared to 2022, one of them is influenced by the slowdown in the global economy," Amalia explained at a press conference, Monday, February 5.

According to Amalia, the adnaya of the phenomenon of long drought or El Maritime Affairs also has an impact on the performance of agricultural business fields.

However, Amalia emphasized that Indonesia's economic growth continues to grow solidly, amidst the global economy full of uncertainty.

"Indonesia's economy remains solid growing maintained amidst the slowdown in the global economy," he said.

For information, Indonesia's economic growth of 5.05 percent is lower than the target in the 2023 State Budget of 5.3 percent.