Indonesia’s economic growth accelerated more than expected in the fourth quarter underpinned by robust household spending, Statistics Indonesia reported Monday.<\/p>\n
Gross domestic product grew 5.02 percent from the last year, following a 3.51 percent rise in the third quarter. This was also faster than the expected rate of 4.90 percent and marked the third consecutive growth. <\/p>\n
On a quarterly basis, GDP advanced 1.06 percent, but slower than the 1.55 percent expansion posted in the third quarter.<\/p>\n
In the whole year of 2021, GDP gained 3.69 percent after shrinking 2.07 percent in 2020.<\/p>\n
On the expenditure-side, household consumption grew 3.6 percent and government spending by 5.25 percent. Investment gained 4.5 percent in the fourth quarter. <\/p>\n
Exports and imports surged 29.8 percent and 29.6 percent, respectively. <\/p>\n