RI Registers 4.71 Percent Economic Growth in Q1

Jakarta (Antara) - The Indonesian economy grew at a slower pace of 4.71 percent in the first quarter of 2015 as compared to 5.14 percent in the corresponding period last year, according to the Central Statistics Agency (BPS). \"The economic growth of China as the export destination of Indonesian exports coupled with the low global oil prices and declining export and import performances have affected the economic performance in the first quarter,\" BPS Chairman Suryamin remarked during a press conference here on Tuesday. The Indonesian economy measured by the national gross domestic product (GDP) in the first quarter of 2015 reached Rp2,724.7 trillion based on the current prices and Rp2,157.5 trillion based on the 2010 constant prices, he noted. The Indonesian economy in the first quarter of 2015 grew by 4.71 percent year-on-year, down 0.18 percent from 5.14 percent recorded in the same period last year. On the production side, the information and communication sector registered the highest growth, contributing 10.53 percent to the economic growth while household consumption grew 5.01 percent. Compared to the previous quarter, the economic growth in the first quarter of 2015 fell 0.18 percent from 5.02 percent. Spatially, the economic structure in the first quarter of 2015 was dominated by Java and Sumatra provinces, Suryamin affirmed. \"Provinces in Java were the biggest contributors to the national GDP at 58.30 percent, followed by Sumatra\'s provinces at 22.56 percent, and Kalimantan\'s provinces at 8.26 percent,\" he noted.(*)