Indonesia Q2 economic growth accelerates to 5.44%

Pearl Bantillo


SINGAPORE (ICIS)–Indonesia’s economic growth in the second quarter accelerated to 5.44% year on year from 5.01% in the previous three months, thanks to double-digit expansions in transportation & storage and exports.

Transportation & storage grew 21.27%, while export of goods and services was up 19.74% over the same period, data from Statistics Indonesia show on Friday.

Manufacturing expanded by 4.01% in April-June 2022

On a quarter-on-quarter basis, southeast Asia’s biggest economy posted a 3.72% growth, backed by a 13.15% expansion in agriculture, forestry and fishing sector, and a 32% surge in government spending.

Indonesia is the world’s largest palm oil producer and a major exporter of oleochemical derivatives, including fatty acids, fatty alcohols, glycerine and soap noodles.

Click here to read the Ukraine topic page, which examines the impact of the conflict on oil, gas, fertilizer and chemical markets.


ICIS Premium news service

The subscription platform provides access to our full range of breaking news and analysis

Contact us now to find out more

Speak with ICIS

Now, more than ever, dynamic insights are key to navigating complex, volatile commodity markets. Access to expert insights on the latest industry developments and tracking market changes are vital in making sustainable business decisions.

Want to learn about how we can work together to bring you actionable insight and support your business decisions?

Need Help?

Need Help?