National economic growth remained above the 5 percent mark in the third quarter, thanks to strong growth in exports.

Statistics Indonesia (BPS) official Edy Mahmud revealed in a press conference in Jakarta on Wednesday that gross domestic product (GDP) growth slowed to 5.04 percent year-on-year (yoy) from 5.12 percent yoy registered in the preceding quarter, but that is slightly higher than a year ago.

“This growth is higher than the third quarter of 2024, which grew at 4.95 percent [yoy],” said Edy.

Edy said the average figure for the first three quarters amounted to 5.01 percent, which leaves quite a gap to meet the government’s full-year target of 5.2 percent.

The Finance Ministry’s Economy and Fiscal Strategy Directorate General had projected last month that the third-quarter growth rate would hover around 5.1 percent.

However, Finance Minister Purbaya Yudhi Sadewa cautioned, also in October, that it might be lower because of the weeklong protests unfolding in late August, which temporarily disrupted many economic activities and introduced a new source of uncertainty.

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Purbaya maintained that economic growth would touch 5.5 percent yoy in the final quarter of this year.

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