Xinhua
06 May 2025, 07:45 GMT+10
JAKARTA, May 6 (Xinhua) -- Indonesia posted an economic growth rate of 4.87 percent year-on-year in the first quarter of 2025, according to data released by the Central Statistics Agency (BPS) on Monday.
At a press conference in Jakarta, BPS Chief Amalia Adininggar Widyasanti said the country's gross domestic product (GDP) reached 5,665.9 trillion rupiahs (340 billion U.S. dollars) at current prices and 3,264.5 trillion rupiahs (200 billion dollars) at constant 2010 prices in the first quarter of 2025.
From the production side, the processing manufacturing sector emerged as the largest contributor to GDP, growing by 4.55 percent and contributing 19.25 percent to the national economy.
She explained that the sector's performance was strongly supported by the food and beverage industry, which expanded by 6.04 percent. This growth aligned with seasonal demand during the Islamic holy month of Ramadan and Eid al-Fitr, as well as increased activity in the rice milling and polishing industry.
Meanwhile, the base metal manufacturing industry experienced significant growth of 14.47 percent, in line with rising external demand. "The leather goods and footwear industry grew by 6.95 percent, supported by increased domestic demand during Ramadan and Eid al-Fitr as well as improved export performance," she added.
Despite the year-on-year growth, the economy contracted by 0.98 percent on a quarterly basis.
Spatially, Java Island continued to dominate Indonesia's economic structure, contributing 57.43 percent to the national GDP and recording a growth rate of 4.99 percent year-on-year in the first quarter.
Get a daily dose of Malaysia Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Malaysia Sun.
More InformationSINGAPORE: Singapore has ordered Facebook's parent company, Meta, to block Singaporeans from seeing posts made by three foreigners...
A pedestrian walks past a construction site in Jakarta, Indonesia, May 5, 2025. (Xinhua/Zulkarnain) JAKARTA, May 6 (Xinhua) -- Indonesia...
An aerial drone photo taken on March 17, 2025 shows the Phnom Penh toll station on the Phnom Penh-Sihanoukville Expressway in Cambodia....
Balasore (Odisha) [India], May 6 (ANI): BJP MP Pratap Chandra Sarangi took a dig at West Bengal Chief Minister Mamata Banerjee over...
Hong Kong, May 6 (ANI): China is a police state, a nation whose people are under constant surveillance, plus it owns one of the world's...
Ho Chi Minh City [Vietnam], May 6 (ANI): At the inauguration ceremony of the United Nations' Vesak Day celebrations in Ho Chi Minh...
NEW YORK, New York - U.S. stocks were volatile Monday as the focus remained on tariffs, and the perceived lack of trade deals despite...
SEATTLE, Washington: Amazon.com is ramping up its delivery game in rural America, announcing a US$4 billion investment to grow its...
SEATTLE, Washington: Starbucks is shifting course on its store strategy—putting people ahead of machines. The coffee giant announced...
BEIJING, China: China's manufacturing sector lost steam in April, with activity shrinking at the fastest pace in over a year, as new...
SYDNEY, Australia: A key measure of inflation in Australia has cooled to its lowest level in three years, lending weight to expectations...
DUBLIN, Ireland: April 2025 saw a slight improvement in the labor market, with the seasonally adjusted unemployment rate dropping to...