Indonesia’s economy figures for the month of January and February looks pretty good yesterday. Some data released showed that domestic economic growth is still excellent and not too affected by the troubled noisy global economy which still continues to soar.
January inflation is slower
Inflation in January slowed for five consecutive months. Modest rise in food prices and controlled the cause of the slow inflation. Annual inflation in January was at 3.65% level. In December the previous annual inflation reached 3.79%.
Meanwhile, core inflation which excludes food products, fund the movement of fuel price volatility appears to have retardation as well. Core inflation rate in January slowed to the figure 4.29% (y / y) compared to 4.34% on the previous December.
Monthly inflation in January was thus appears to have increased. Monthly inflation reached 0.76% in January, up from 0.57% monthly inflation in the previous December.
Indonesia’s exports in 2011 Print Record
In addition to modest inflation figure, the better the economy of Indonesia is also seen from the impressive export figures. Exports in the year 2011 and scored a record high over the history of the 204 billion dollar figure. Indonesia successfully doubling its export performance in five years to date. Is very great achievement because many countries need more time to achieve such growth.
Gita Wirjawan, Indonesia’s Trade Minister gave an example that Saudi Arabia will take about 26 years to doubled their export value. While neighboring country of Indonesia, Singapore, will take 10 years. Even the time period required by China’s over six years time.
Total exports in the year 2011 shows an increase of 29% compared to the year 2010, which only reached 158 billion dollars. Previously the government has targeted exports of Indonesia in 2011 only reached 200 billion dollars.
Level of growth achieved in 2011 and is expected to tend to slow down in this 2012 year. Estimated that exports will tend to be stagnant, and only reached 205 billion dollars, or up 0.5%. Indonesia’s exports is still contact with the global economic performance. European and U.S. economic slow down will result in a lower demand for manufactured goods in the state.
Indonesia Travel Destinations Tourists Arrivals Increase
Indonesia’s foreign exchange from foreign tourists experienced a healthy increase in 2011 and, by 13% (y / y). The increase in foreign exchange along with the rising number of foreign tourists visiting Indonesia. BPS reported that the foreign exchange derived from tourism reached 8.6 billion dollars, up from 7.6 billion dollars achieved in 2010. While the visit of foreign tourists increased by 9% to 7.7 million people. The average production is done by foreign tourists has gone up to 1,118 dollars a visit.
Through some of the economic figures we can conclude that so far Indonesia’s economy is still quite able to survive from the fierce storm crisis. Even so in the year 2012 will be a challenge for Indonesia to maintain the economic performance
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