Indonesia GDP growth races to nine-year high


A worker walks past stacks of containers at Tanjung Priok port in Jakarta, Indonesia, February 3, 2023. REUTERS/Ajeng Dinar Ulfiana

JAKARTA: Indonesia’s economic growth picked up last year, spurred by the removal of pandemic-related restrictions and a global commodity boom that lifted exports to a record high, even as growth slowed in the final quarter, according to official data.

South-East Asia’s largest economy expanded 5.31% in 2022, Statistics Indonesia data showed, its best annual growth rate in nine years, and faster than the 5.29% expected in a Reuters poll.

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