BSS/AFP :
Indonesia’s economic growth accelerated in the second quarter of 2022 despite global uncertainty, official data showed Friday, thanks to soaring commodity prices and easing Covid-19 restrictions.
Southeast Asia’s largest economy expanded 5.44 percent on-year in April-June, slightly up from 5.01 percent in the previous three months, the Central Statistics Agency said.
Exports, which account for a quarter of the gross domestic product, grew 19.74 percent as prices for commodities were boosted after Russia’s invasion of Ukraine.
“The disruption of the global supply chain has led to the increase in prices of Indonesia’s key commodities, resulting in a windfall to export performance,” statistics agency head Margo Yuwono said.
The easing of Covid-19 restrictions across Indonesia and increased spending during the Eid al-Fitr holiday were also a boon for domestic consumption, Yuwono added.
The 5.51 percent jump in domestic consumption, which accounts for more than half of the economy, was helped by the government’s social aid for lower income households.
