Breaking News! Indonesia's 2021 Economic Growth Of 3.69 Percent, The Government's Target Is Not Achieved

Illustration (Photo: Doc. Antara)

JAKARTA - The Central Statistics Agency (BPS) has officially announced that Indonesia's economic growth throughout 2021 will be 3.69 percent.

Head of BPS Margo Yuwono said economic growth in the fourth quarter of 2021 when compared to the third quarter of 2021 grew 1.04 percent.

Meanwhile, when compared to the fourth quarter of 2021, economic growth in the fourth quarter of 2022 grew 5.02 percent.

"Cumulatively Indonesia's economic growth in 2021 compared to 2020 grew 3.69 percent," he said when holding a virtual press conference on Monday, January 7.

Just so you know, the government through the Ministry of Finance (Kemenkeu) had previously set a target for economic growth last year which was expected to be at the level of 3.7 percent to 4.5 percent. This means that the 2021 economic growth target has not been achieved even though it is only 0.01 percent behind the targeted level.

Meanwhile, for the 2022 period, the government through the Ministry of Finance (Kemenkeu) has set a growth target in the range of 5.0 percent to 5.5 percent.

"Economic growth in 2021 is influenced by conditions in the third quarter of 2021 with high COVID-19 cases (due to the delta variant), limited population mobility, economic activity is also slowed down, so that all economic activities are compensated (decreased) in the fourth quarter of 2021," said Margo. .