JAKARTA - The Central Statistics Agency (BPS) recorded Indonesia's economic growth throughout 2024 of 5.03 percent.
This figure is lower when compared to 2023 which is 5.05 percent.
"Cumulatively or c to c, Indonesia's economic growth in 2024 will grow by 5.03 percent," said Acting Head of the Central Statistics Agency (BPS) Amalia Adininggar Widyasanti at a press conference, Wednesday, February 5.
Amalia explained that Indonesia's economic growth in the fourth quarter of 2024 was 5.02 percent year on year (yoy) or lower than the fourth quarter of 2023 of 5.04 percent.
"Indonesia's economic growth in the fourth quarter of 2024 when compared to the fourth quarter of 2023 or year on year (yoy) of 5.02 percent," he said.
Indonesia's economic growth based on Gross Domestic Pruduk (GDP) in the fourth quarter of 2024 at the basis of applicable prices (ADHB) is IDR 5,674.93 trillion and on the basis of constant prices (ADHK) IDR 3,296.74 trillion.
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He explained that Indonesia's economic growth in the fourth quarter of 2024 grew by 0.53 percent on a quarterly basis or quarter to quarter (qtq) when compared to the third quarter of 2024.
According to him, this is in line with seasonal patterns as happened in previous years, namely that it is relatively lower than the third quarter of 2024.
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