Indonesia's economic growth in 2019 was 5.02% according to business fields, lower than the government's target. This slow growth was influenced by the global economic slowdown of 2.9% due to trade wars and political instability. While all business fields in Indonesia experienced lower growth, the highest were Other Services at 10.55%, Corporate Services at 10.25%, and Information and Communication at 9.41%. The structure of Indonesia's GDP based on business fields in 2019 did not significantly differ from the previous year.
Indonesia's economic growth in 2019 was 5.02% according to business fields, lower than the government's target. This slow growth was influenced by the global economic slowdown of 2.9% due to trade wars and political instability. While all business fields in Indonesia experienced lower growth, the highest were Other Services at 10.55%, Corporate Services at 10.25%, and Information and Communication at 9.41%. The structure of Indonesia's GDP based on business fields in 2019 did not significantly differ from the previous year.
Indonesia's economic growth in 2019 was 5.02% according to business fields, lower than the government's target. This slow growth was influenced by the global economic slowdown of 2.9% due to trade wars and political instability. While all business fields in Indonesia experienced lower growth, the highest were Other Services at 10.55%, Corporate Services at 10.25%, and Information and Communication at 9.41%. The structure of Indonesia's GDP based on business fields in 2019 did not significantly differ from the previous year.
NIM : 2202071010 Rombel : 3 Absen : 02 Indonesian Economic Condition Before Covid-19 Pandemic
The economy of a country can be measured through economic growth. Indonesia’s
economic growth cumulatively (c-to-c) in 2019 based on business fields grew 5.02 percent. This figure is lower than the economic growth target set by the government. Indonesia’s economic growth is inseparable from the slowdown in the world economy which only grew by 2.9 percent. This low growth was influenced by the trade war between the United States and China, Britain’s exit from the European Union, and events from various countries such as Hong Kong, Iran and Iraq that affected economic stability. 62 Indonesia’s low economic growth occurs in all business fields. Other Services Business Field experienced the highest growth reaching 10.55 percent; then Corporate Services by 10.25 percent, and Information and Communication by 9.41 percent. Meanwhile, the structure of Indonesia’s GDP based on business fields (current prices) in 2019 did not show a significant difference from the previous year.