Indonesia's economy grows by 5.44% y-o-y in Q2 2022

While Indonesia’s export of goods and services showed a sharp surge at 19.74 per cent, its transportation and storage sector reached 21.27 per cent, according to government agency Statistics Indonesia. Moreover, the nation’s growth in agriculture, forestry, and fishing industries increased by 13.15 per cent and its General Government Final Consumption Expenditure (GGFCE) component showed 32 per cent growth.

The Java Island provinces had a significant share amounting to 56.55 per cent in the advancement of Indonesia’s economy. The region saw a growth of 5.66 per cent year-on-year compared to the second quarter of 2021.

Fibre2Fashion News Desk (NB)