News Room - Business/Economics

Posted on 15 Feb 2008

RI`s GDP in 2007 recorded at 6.32 pct

The Central Bureau of Statistics (BPS) on Friday announced that Indonesia`s gross domestic product (GDP) in 2007 was recorded at 6.32 percent.

BPS deputy chief for statistical and balance sheet analysis Slamet Soetomo said the 2007 GDP was slightly higher than the government`s target of 6.3 percent.

"For the fourth quarter of 2007, year-on-year growth was 6.25 percent," he said.

Factors that had affected and constrained economic growth in the fourth quarter of last year included floods, other natural disasters, the world oil price hikes and the subprime mortgage crisis in the United States.

Meanwhile, factors which had boosted economic growth were among other things the sectors of construction, transportation and communication.

"Many real estates were developed in Indonesia while the communication sector contributed significantly thanks to the increased use of cellular phones," he said.