Press Release BPS (Badan Pusat Statistik - Statistics Indonesia)
This article is mainly based on data/information from BPS Press Release: No. 63/08/Th. XVII, August 5th, 2014.
Indonesia economic growth is measured based on GDP (Gross Domestic Product). The GDP data describe economic performance in term of its size. Moreover, the derivations of such data are economic growth, economic structure, the change of price of entire goods/services, and general expenditure, as well.
GDP is provided in two price concept, current price and constant price. In addition, the calculation of economic growth uses the constant price concept of a certain base year to eliminate the price increasing factor. At this present, BPS uses the year 2000 as the base year.
Short information about GDP if you not familiar from OECD (Organisation for Economic Co-operation and Development), cited from wikipedia.org:
Gross domestic product (GDP) is defined by OECD as "an aggregate measure of production equal to the sum of the gross values added of all resident institutional units engaged in production (plus any taxes, and minus any subsidies, on products not included in the value of their outputs).
GDP estimates are commonly used to measure of the economic output of a whole country or region, but can also measure the relative contribution of an industry sector. This is possible because GDP is a measure of 'value added' rather than sales; it adds each firm's value added (the value of its output minus the value of goods that are used up in producing it). For example, a firm buys steel and adds value to it by producing a car; double counting would occur if GDP added together the value of the steel and the value of the car.
The more familiar use of GDP estimates is to calculate the growth of the economy from year to year (and recently from quarter to quarter). The pattern of GDP growth is held to indicate the success or failure of economic policy and to determine whether an economy is 'in recession'
Pasted from <http://en.wikipedia.org/wiki/Gross_domestic_product>
Indonesia economic in Quarter II (Q2) 2014 growth 5.12 percent.
This article is mainly based on data/information from BPS Press Release: No. 63/08/Th. XVII, August 5th, 2014.
Indonesia economic growth is measured based on GDP (Gross Domestic Product). The GDP data describe economic performance in term of its size. Moreover, the derivations of such data are economic growth, economic structure, the change of price of entire goods/services, and general expenditure, as well.
GDP is provided in two price concept, current price and constant price. In addition, the calculation of economic growth uses the constant price concept of a certain base year to eliminate the price increasing factor. At this present, BPS uses the year 2000 as the base year.
Short information about GDP if you not familiar from OECD (Organisation for Economic Co-operation and Development), cited from wikipedia.org:
Gross domestic product (GDP) is defined by OECD as "an aggregate measure of production equal to the sum of the gross values added of all resident institutional units engaged in production (plus any taxes, and minus any subsidies, on products not included in the value of their outputs).
GDP estimates are commonly used to measure of the economic output of a whole country or region, but can also measure the relative contribution of an industry sector. This is possible because GDP is a measure of 'value added' rather than sales; it adds each firm's value added (the value of its output minus the value of goods that are used up in producing it). For example, a firm buys steel and adds value to it by producing a car; double counting would occur if GDP added together the value of the steel and the value of the car.
The more familiar use of GDP estimates is to calculate the growth of the economy from year to year (and recently from quarter to quarter). The pattern of GDP growth is held to indicate the success or failure of economic policy and to determine whether an economy is 'in recession'
Pasted from <http://en.wikipedia.org/wiki/Gross_domestic_product>
Indonesia economic in Quarter II (Q2) 2014 growth 5.12 percent.
Indonesia economic that measured based on GDP with current price in Q2 2014 is up to Rp. 2,480.8 billion, while GDP based on constant price 2000 get up to Rp. 724.1 billion. See table 1 below.
Economic growth of Indonesia that measured based on GDP growth in Q2 2014 compared to Q1 2014 is 2.47 percent (q-t-q) and if compared to the same quarter in 2013, it showed 5.12 percent growth. Cumulatively, economic growth of Indonesia in Semester I 2014 compared to Semester I 2013 growth 5.17 percent (c-to-c). See table 2 below.
Based on production view of point, economic growth in Q2 2014 compared to Q2 2013 (y-on-y) is supported by almost all sectors. The highest growth is achieved by transport and communication sectors that growth approx. 9.53 percent. Whilst, if compared with Q1 2014 (q-to-q), the highest growth is achieved by trade, hotel and restaurant sectors with 4.17 percent growth. See table 2 below.
Growth in semester I 2014 compared to Semester I 2013 (c-to-c) is supported by all sectors except, mining and quarrying sectors that decreased 0.21 percent. The highest growth is hold by transportation and communication sector with 9.87 percent growth. See table 2 below.
Based on production view of point, economic growth in Q2 2014 compared to Q2 2013 (y-on-y) is supported by almost all sectors. The highest growth is achieved by transport and communication sectors that growth approx. 9.53 percent. Whilst, if compared with Q1 2014 (q-to-q), the highest growth is achieved by trade, hotel and restaurant sectors with 4.17 percent growth. See table 2 below.
Growth in semester I 2014 compared to Semester I 2013 (c-to-c) is supported by all sectors except, mining and quarrying sectors that decreased 0.21 percent. The highest growth is hold by transportation and communication sector with 9.87 percent growth. See table 2 below.
GDP structure Q2 2014 is dominated by manufacturing industry; agriculture, livestock, forestry & fishery sectors; and trade, hotel and restaurant sectors, with their contribution are 23.75 percent, 14.84 percent and 14.61 percent. See table 3 below.
GDP growth in Q2 2014 compared to Q1 2014 (q-to-q) up to 2.47 percent is supported by private consumption expenditure that growth 1.5 percent; while government consumption expenditure increased 25.39 percent; gross domestic fixed capital formation 4.61 percent; export goods and services 2.14 percent; and Import goods and services 5.32 percent. See table 4 below.
Compared to Q2 2013, economic growth of 5.12 percent is supported by private consumption expenditure that grew 5.59 percent; gross domestic fixed capital formation grew 4.53 percent. Whereas, the other GDP expenditure components faced growth contraction. Government consumption expenditure component grew minus 0.71 percent and export goods and services component minus 1.04 percent. See table 5 below.
Economic growth in Semester I 2014 compared to Semester I 2013 (c-to-c) by 5.17 percent is supported by private consumption expenditure that grew 5.60 percent, government consumption expenditure that grew 1.15 percent, gross domestic fixed capital grew 4.83 percent and also import goods and services as deduction component grew minus 2.98 percent. But the other side, export component grew minus 0.74 percent. See table 5 below.
Structure of GDB based on expenditure in Q2 2014 is dominated by private consumption expenditure sector with 55.79 percent contribution. Moreover, government consumption expenditure and gross domestic fixed capital component each of them contributed 8.02 percent and 31.50 percent. While, contribution of export and import components are 23.19 percent and 25.78 percent. See table 6 below.
Structure of Indonesia economy in Q2 2014 is still dominated by a group of provinces in Java island that contributed to GDP up to 58.70 percent, then followed by Sumatera island of 23 23.74 percent, Kalimantan island 8.31 percent, Sulawesi island 4.84 percent and the rest 4.41 percent is the other islands. See table 7 below.
Writer: Kosi Anwar
Senior Research Executive GfK Indonesia
Email: kosi.anwar@gmail.com
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