Inp.polri.go.id - Jakarta.  Erwin Haryono, the Bank Indonesia Head of Communications Department, said on Wednesday (7/8/2024) that Indonesia's economic growth remains strong despite global uncertainties.

Data from Statistics Indonesia (BPS) shows the economy grew by 5.05% year-on-year in Q2 2024, following a 5.11% year on year increase in the previous quarter, according to antaranews.com.

For 2024, growth is projected between 4.7% and 5.5% year on year , driven by robust domestic demand. Household consumption rose to 4.93% year on year , supported by higher mobility and stable purchasing power.

Investment growth improved to 4.43% year on year , aided by better export performance and government spending. Exports increased by 8.28% year on year , supported by strong international demand and tourism.

Regional growth was highest in Bali-Nusa Tenggara), followed by Sulawesi-Maluku-Papua, Kalimantan, Java, and Sumatera.

(mg/inp/pr/nm)