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.

Output in the manufacturing sector grew at a rate of 5.54 percent yoy and made up more than 19 percent of GDP, followed by agriculture, which grew by 4.93 percent yoy, and trade with a 5.49 percent yoy increase.

Looking at the data from the expenditure side, household spending was up 4.89 percent yoy and continues to account for slightly over half of the country’s overall GDP.

Exports, meanwhile, grew by a steep 9.91 percent yoy, while imports only grew by 1.18 percent yoy.

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Gross fixed capital formation (GFCF), which reflects investment in fixed assets like buildings, machinery and equipment and as such is an indicator of capacity growth, grew at a milder pace of 5.04 percent yoy, compared with 6.99 percent in the second quarter.

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