@jasonsun0915: #Indonesia on Monday posted an economic growth rate of 4.87 percent year-on-year in the first quarter of 2025, hitting 5,665.9 trillion rupiahs (340 billion U.S. dollars) at current prices. The processing manufacturing sector emerged as the largest contributor to #GDP, growing by 4.55 percent and contributing 19.25 percent to the national economy. The sector's performance was strongly supported by the food and beverage industry, which expanded by 6.04 percent. Meanwhile, the base metal manufacturing industry experienced significant growth of 14.47 percent, in line with rising external demand. The leather goods and footwear industry grew by 6.95 percent, supported by increased domestic demand during Ramadan and Eid al-Fitr as well as improved export performance. Despite the year-on-year growth, the economy contracted by 0.98 percent on a quarterly basis. Spatially, Java Island continued to dominate Indonesia's economic structure, contributing 57.43 percent to the national GDP and recording a growth rate of 4.99 percent year-on-year in the first quarter.

Jason Sun

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Monday 05 May 2025 15:34:01 GMT