Target Achieved! Indonesia's Economic Growth 2022 Is 5.31 Percent

JAKARTA - The Central Statistics Agency (BPS) reported that it reported that Indonesia's economic growth throughout 2022 was 5.31 percent.

Head of BPS Margo Yuwono said the economic performance last year strengthened compared to 2021 which was 3.70 percent.

"The annual economic growth has reached the 5 percent level like before the pandemic," he said when holding a press conference on Monday, February 6.

According to Margo, this 5 percent level has not even happened throughout last year but also since the end of 2021.

In detail, he explained that in the fourth quarter of 2021, economic growth was recorded at 5.03 percent, in the first quarter of 2022 at 5.02 percent, in the second quarter of 2022 at 5.46 percent, in the third quarter of 2022 at 5.73 percent, and in the fourth quarter of 2022 at 5.01 percent.

"All business fields grew positively last year with the largest contribution from the industrial, trade, agriculture, mining and construction sectors," he said.

Margo added that the economic growth in 2022 according to expenditure is still supported by household consumption with a percentage of 51.8 percent. Followed by the formation of a gross fixed capital (PMTB) of 29 percent, exports of 24.4 percent, and government consumption of 7.6 percent.

"All expenditure components will experience growth in 2022 except for government consumption which has a contraction of 4.51 percent," he stressed.

For information, last year's economic growth was 5.31 percent in accordance with the government's assumption of 5.2 percent to 5.3 percent. Meanwhile, economic growth in 2023 is targeted to be in the range of 4.5 percent to 5.3 percent.