Indonesia Record Economic Growth Of 3.51 Percent In Quarter III 2021, BPS: PPKM Barriers To Mobility

Illustration (Photo: Doc. Antara)

JAKARTA - The Central Statistics Agency (BPS) reported that Indonesia's economic growth in the third quarter of 2021 grew by 3.51 percent year-on-year (yoy).

Head of BPS Head of BPS Margo Yuwono said that when compared to the previous quarter (quarter-to-quarter/qtq), namely the second quarter of 2021, economic growth in the third trimester of this year was recorded to have increased by 1.55 percent.

Meanwhile, cumulatively, Indonesia's economic growth in the first quarter to the third quarter of 2021 compared to the same period in 2020 grew 3.24 percent.

"In the third quarter of 2021, the Indonesian economy as measured by gross domestic product or GDP, based on current prices, reached IDR 4,325.4 trillion. And, if it is calculated based on constant prices, it reaches IDR 2,815 trillion," he said during a virtual press conference on Friday, November 5.

According to Margo, broadly speaking, Indonesia's economic growth is influenced by two factors. The first is the global external factor, namely the increase in the prices of a number of commodities that provide benefits for Indonesia as one of the world's exporters. Second, is the internal factor in the country.

"We know that at the beginning of the third quarter of 2021, the government implemented Emergency PPKM level 4, of course it had an impact on lower community mobility compared to the second quarter of 2021," he said.

Furthermore, Margo explained that the decline in mobility was reflected in the development of the number of passengers on the three modes of transportation which also fell.

"But overall in last September several indicators showed improvement," concluded Margo.