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Indonesia’s economy is growing, but the proceeds from selling ‘homeland’…

Jakarta, CNBC Indonesia The Indonesian economy in 2021 will indeed grow positively, an achievement that deserves appreciation. Moreover, the previous year the Gross Domestic Product (GDP) contracted or grew negatively.

On Monday (7/2/2022), the Central Statistics Agency (BPS) reported that the Indonesian economy as measured by Gross Domestic Product (GDP) grew 3.69% in 2021. Better than 2020, which was -2.07%.

The value of GDP in 2021 is recorded at IDR 16,970.8 trillion. This indicates that the country’s economy has exceeded the pre-pandemic period of the corona virus.Coronavirus Disease-2019/Covid-19).

With a GDP of that size, the per capita becomes Rp 62.2 million. In United States (US) dollars, the value is US$ 4,349.5.

For information, the value of Indonesia’s GDP in 2019, before the corona virus pandemic, was Rp. 15,833.9 trillion. At that time, GDP per capita was IDR 59.1 million (US$ 4,174.9).

In terms of expenditure, economic growth is still contributed by two main sources, namely household consumption and Gross Fixed Capital Formation (PMTB) or investment. Both accounted for 85.23% in GDP formation.

Throughout 2021, household consumption will grow by 2.02%. Improved compared to 2020 which was -2.63%.

Meanwhile PMTB grew 3.8%. Improved compared to 2020 which was -4.96%.

Next Page –> Coal and Palm Oil, Indonesia’s Export Mainstay

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