JAKARTA - Minister of State-Owned Enterprises (BUMN) Erick Thohir assessed that Indonesia's economic growth of 4.87 percent (yoy) in the first quarter of 2025 was a fairly good realization compared to other countries in the midst of a globally volatile situation.
For your information, neighboring countries such as Malaysia's economic growth in the first quarter of 2025 were 4.4 percent, while Singapore was 3.8 percent.
4.87 percent growth. I think many have predicted far below. This means that the 4.87 percent result is good. And if we also compare with numbers in many countries, we are in good condition with a situation like this," he said at the Ministry of SOEs, Jakarta, Monday, May 5.
Currently, global conditions are volatile amid the issue of trade war, as well as the heated conflict between Pakistan and India. Even so, the Indonesian economy is still able to grow.
In addition, continued Erick, the rupiah exchange rate against the Amerika United (US) dollar has also begun to recover. Likewise with the Composite Stock Price Index (JCI).
The rupiah has started to return to a good direction. The exchange has also started to bounce back. I think, as predicted by many observers, it is wrong, in fact our condition is good," he said.
Previously, the Central Statistics Agency (BPS) revealed that economic growth in the first quarter of 2025 reached 4.87 percent year on year (yoy) or slowed down when compared to the first quarter of 2024 which reached 5.11 percent.
Meanwhile, economic growth in the first quarter of 2025 slowed down 0.98 compared to the fourth quarter of 2024 which reached 5.02 percent (yoy).
Head of the Central Statistics Agency (BPS), Amalia Adininggar Widyasanti, revealed that Indonesia's economy is based on gross domestic product or Indonesia's GDP in the first quarter of 2025 at current prices of IDR 5,665.9 trillion and at constant prices it reaches IDR 3,264.5 trillion.
In addition, Amalia said that based on the five highest business fields and being the driving force for economic growth in the first quarter of 2025, namely the manufacturing, trade, agriculture, and construction industries showed positive growth. Meanwhile, mining experienced negative growth.
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Amalia said the agricultural sector grew by 10.52 percent supported by the main harvest and increased production of rice and corn crops, thus contributing it to the total GDP by 12.66 percent.
Then, the processing industry grew by 4.55 percent so that it contributed to the total GDP by 19.25 percent, then transportation and warehousing grew 9.01 percent which contributed to GDP by 6.08 percent.
"Then there are also other services that are relatively high because they are supported by the increasing number of domestic tourist trips and foreign tourist visits during the first quarter of 2025," he said at a press conference, Monday, May 5.
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