International · 3 sources combined
Indonesia Q3 growth 5.47%
Government spending bolsters economy
In short
Indonesia's economy grew 5.47% year-on-year in the third quarter of this year.
Government spending increased 8.95%, supporting the growth.
Bali and Nusa Tenggara led regional growth at 6.08%.
Key facts
| When | Indonesia's statistics agency (BPS) announced third-quarter growth rates on November 5th. |
|---|---|
| Who | The statistics agency and Airlangga Hartarto, Minister of Economic Coordination, made the announcement. |
| What | Indonesia's economy grew 5.47% compared to the same period last year. |
| How | Government spending (up 8.95%), household consumption (up 5.04%), and investment (up 6.06%) led growth. |
What it means for me
Korean companies trading with Indonesia should monitor trends of slowing domestic consumption and tourism.
