Indonesian Economy in Q4-2024 Reaches 5.02 Percent

Acting Head of the Central Statistics Agency (BPS) Amalia Adininggar Widyasanti. (Photo: Aris Nurjani/VOI)

JAKARTA - The Central Statistics Agency (BPS) reported economic growth in the fourth quarter of 2024 of 5.02 percent year on year (yoy).

Acting Head of the Central Statistics Agency (BPS) Amalia Adininggar Widyasanti conveyed the economic growth in the fourth quarter of 2024, the Indonesian economy based on Gross Domestic Product (GDP) in the fourth quarter of 2024 at current prices (ADHB) was IDR 5,674.93 trillion and at constant prices (ADHK) was IDR 3,296.74 trillion.

"Indonesia's economic growth in the fourth quarter of 2024 when compared to the fourth quarter of 2023 or year on year (yoy) was 5.02 percent," she said in a press conference, Wednesday, February 5.

Amalia explained that Indonesia's economic growth in the fourth quarter of 2024 grew by 0.53 percent quarter to quarter (qtq) when compared to the third quarter of 2024.

According to him, this is in line with the seasonal pattern as in previous years, namely that it is relatively lower than the third quarter of 2024.

Amalia conveyed that the Indonesian economy cumulatively the Indonesian economy in 2024 was 5.03 percent.

"Cumulatively or c to c the Indonesian economy in 2024 grew by 5.03 percent," she said.