Indonesia's GDP expands 5.05 per cent in 2023 but lower than expected

JAKARTA (Xinhua): The Indonesian economy expanded 5.05 per cent year-on-year in 2023, lower than the previous year's 5.31 percent, Statistics Indonesia (BPS) announced on Monday.

The gross domestic product (GDP) grew on a quarterly basis from 4.94 per cent in the third quarter from July to September 2023 to 5.04 per cent in the last quarter of 2023.