Indonesia GDP Growth Rate 5.31 Percent (2022)

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Release Date	:	February 6, 2023
File Size	:	3.32 MB

Abstract

Indonesia’s economy in 2022 which is calculated based on Gross Domestic Product (GDP) at current market prices, reached IDR19,588.4 trillion, and GDP per capita reached IDR71.0 million or US$4,783.9.
Indonesia’s economy in 2022 grew 5.31 percent, higher than the achievement in 2021, which grew by 3.70 percent. The highest growth on the production side was Transportation and Storage at 19.87 percent. Meanwhile, in terms of expenditure side, Exports of Goods and Services component experienced the highest growth at 16.28 percent.
Indonesia’s economic growth increased by 5.01 percent (y-on-y) in the fourth quarter of 2022, compared to the fourth quarter of 2021. The highest growth on the production side was Transportation and Storage at 16.99 percent. Meanwhile, in terms of expenditure side, Exports of Goods and Services component experienced the highest growth at 14.93 percent.
Indonesia’s economy in the fourth quarter of 2022 grew by 0.36 percent (q-to-q), compared to the previous quarter. Public Administration and Defence; Compulsory Social Security experienced the highest growth at 10.56 percent, on the production side. Meanwhile, in terms of expenditure side, General Government Final Consumption Expenditure (GGFCE) component experienced the highest growth at 30.13 percent.
During 2022 the group of provinces in Jawa Island highlighted the structure and performance of Indonesia’s economy spatially with a contribution of 56.48 percent and economic performance that recorded growth of 5.31 percent (c-to-c).

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