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5 Aug 2024

International Economy

Indonesia’s economy grew at 5.0% YoY in 2Q24 as exports resumed favorable growth (Business Brief No.4076 Full Ed.)

คะแนนเฉลี่ย

Indonesia’s economy grew at 5.0% YoY in 2Q24 as exports resumed favorable growth
  • Indonesia’s economy grew at 5.0 percent YoY in 2Q24, slightly below the 5.1 percent YoY growth reported for 1Q24 as economic stimulus measures that began to expire caused public spending to increase at a slower rate of 1.4 percent YoY.
  • Accelerating exports of merchandises (7.7 percent YoY) and services (14.2 percent YoY) helped support the 2Q24 economic performance.    
  • It is expected that the Indonesian economy will grow at 5 percent during 2024, with growth in 2H24 being on par with that seen during 1H24.

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International Economy