Indonesia GDP growth slows to 4.94% in Q3 as exports decline

Domestic demand helps grow economy as commodity prices fall

20231101 IDN Economy

A market in in Jakarta: Indonesia's economy grew on robust consumer spending in the July to September quarter, the country's statistics agency said on Nov. 6. © AFP/Jiji

NANA SHIBATA and ISMI DAMAYANTI, Nikkei staff writers

JAKARTA -- Indonesia's gross domestic product rose 4.94% in the July to September quarter from a year earlier, the country's statistics agency said Monday, marking the weakest growth in two years as exports fell.

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