“Indonesia’s economy grew by 4.87 percent. Among G20 countries, this is the second-highest growth, just below China, which recorded 5.4 percent,” Coordinating Minister for Economic Affairs Airlangga Hartarto stated in a press conference held here on Monday.
The minister explained that Indonesia’s growth during that period outpaced other countries, including Malaysia (4.4 percent), Singapore (3.3 percent), and Spain (2.9 percent).
However, he pointed out that Indonesia still lagged behind Vietnam, which posted the highest growth in the ASEAN region at 6.93 percent yoy during the same period.
Meanwhile, several countries experienced economic contraction. For example, South Korea and Germany recorded annual declines of 0.1 percent and 0.2 percent yoy, respectively, he stated.
“We will monitor developments in the next quarter. It is because the state budget will start to be spent in the next quarter, which will help to sustain economic growth,” Hartarto added.
Meanwhile, Statistics Indonesia (BPS), on Monday, announced that the country’s economy grew by 4.87 percent year-on-year in the first quarter of 2025.
Moreover, the Gross Domestic Product (GDP) at current prices (ADHB) stood at Rp5,665.9 trillion, while GDP at constant prices (ADHK) reached Rp3,264.5 trillion.
The sectors contributing most significantly to GDP included manufacturing, trade, agriculture, construction, and mining, which together accounted for 63.96 percent of the national GDP.
Meanwhile, on Monday morning, the rupiah appreciated by seven points, or 0.04 percent, against the US dollar, moving from Rp16,438 to Rp16,431 per US dollar.
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Translator: Bayu, Kenzu
Editor: Primayanti
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