Indonesian economy remains strong in the midst of global crisis, BRIN outlines role of a national key sector

Jakarta – Indonesia’s economy can remain stable and strong even in the midst of a global crisis. BRIN revealed that because of the role of several important national sectors.

The head of the Population Research Centre (PRK) of the National Research and Innovation Agency (BRIN), Nawawi, explained that some of the important sector contributions that dominate continue to be the backbone.

“The contribution of the agricultural sector is still quite dominant today, besides the trade sector, the manufacturing industry sector and also the services sector, as well as the migas sector,” he said.

The entire sector, to this day, is still providing jobs for many of the country’s labour force.

“These sectors are indeed the backbone of the national economy today because most of the economy is driven by these sectors including being the focus of employment for the majority of the Indonesian labour force,” said the head of PRK BRIN.

Nawawi continued, that with optimal labour absorption, it clearly keeps the national economic resilience strong.

“That’s what keeps the national economic resilience alive because this nation has an advantage there, not only in terms of the large number of workers, but also the resources that Indonesia has,” he said.

With excellent management in these critical sectors, it clearly makes the national economy very resilient to the challenges.

“The trade sector, for example, retail, restaurants, which support tourism, are all managed with national excellence so that when the crisis at the world economic level, because this nation can manage it well, automatically the impact is not so felt,” he added.

“Because it is so strong the influence of this sector in the context of economic growth or national economic activities,” said Nawawi.

Not to mention, what makes national economic growth stable and strong in the midst of global uncertainty is stable household consumption and awakened people’s purchasing power.

“Including also on stable household consumption, the purchasing power of the people can also adjust, this is what I think is one of the factors why Indonesia can survive in the midst of the global crisis that to date is still ongoing and affects many countries,” said Nawawi.

As information that the national economic growth in 2024 is at 5.24 percent, which is an increase from the previous year at the level of 5.05 percent.

In fact, for some regions like Sulawesi, Maluku and Papua have higher economic growth over the national level of about 6.37 percent. (*)