Off the wire
• S.Korea's LG Chem to foster OLED lighting as new growth engine  • Feature: Chinese dance drama promotes "Maritime Silk Road" at UN HQ  • National Sports Festival to be broadcast live in Myanmar  • Xinhua Asia-Pacific News Summary at 0600 GMT, Feb. 5  • 1st LD Writethru: Minority Christians protest over attacks on churches in New Delhi  • Sri Lanka's main Tamil at odds over attending independence day celebrations  • Turkish speaker to mark centenary of WWI battle in New Zealand  • Spotlight: BRICS prospect remains promising amid global headwinds  • EU fish import ban on Sri Lanka not lifted  • Urgent: Minority Christians protest over attacks on churches in Indian capital  
You are here: 　 Home

Indonesian economy accelerates by 5.01 pct in Q4 2014

Xinhua, February 5, 2015 Adjust font size:

Indonesia's gross domestic products (GDP) grew by 5.01 percent in the fourth quarter of 2014, compared with the previous quarter's 4.92 percent, as investment and government spending picked up, the national statistics bureau said on Thursday.

The fast growth was seen as a good start to achieve more than 7 percent GDP growth within two years, a target set by Indonesian President Joko Widodo who took office on October 20 last year.

Suryamin, head of the statistics agency, said the nation's GDP growth rate was 5.02 percent for the whole of 2014, the lowest in five years.

Using 2010 as the base year, Indonesia's economic grew by 5.58 percent in 2013.

President Widodo has vowed to build roads, ports, railways, and education and health facilities as part of the effort to accelerate economic growth.

He said he would work for an economic growth of 5.7 percent in 2015. Endi