Indonesia's Economic Growth Slows Slightly in 2023 on Weaker Exports
- Indonesia's GDP growth slowed to 5.05% in 2023 from 5.31% in 2022 due to weaker exports
- Household consumption increased 4.82% in 2023 compared to 4.94% in 2022
- Consumption makes up over half of Indonesia's GDP
- The slowdown was caused by lower commodity prices and El Niño weather
- The data was released by Statistics Indonesia on February 5, 2024
