Indonesia's gross domestic product expanded 4.2 percent quarter-on-quarter in the three months to June 2019, rebounding sharply from a 0.52 percent contraction in the previous period and matching market expectations. This was the first quarterly growth in three quarters and the strongest in a year, as private consumption and fixed investment rose sharply on the back of fasting month of Ramadan and Eid-ul Fitr celebration. GDP Growth Rate in Indonesia averaged 1.39 percent from 2005 until 2019, reaching an all time high of 4.21 percent in the second quarter of 2018 and a record low of -3.57 percent in the fourth quarter of 2008.

GDP Growth Rate in Indonesia is expected to be 2.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Indonesia to stand at 3.60 in 12 months time. In the long-term, the Indonesia GDP Growth Rate is projected to trend around -1.30 percent in 2020, according to our econometric models.

Indonesia GDP Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-11-05 04:00 AM GDP Growth Rate QoQ Q3 3.09% 4.21% 3.07% 3.5%
2019-02-06 04:00 AM GDP Growth Rate QoQ Q4 -1.69% 3.09% -1.75% -1.4%
2019-05-06 04:00 AM GDP Growth Rate QoQ Q1 -0.52% -1.69% -0.4% -0.3%
2019-08-05 04:00 AM GDP Growth Rate QoQ Q2 4.20% -0.52% 4.2% 3.9%
2019-11-05 04:00 AM GDP Growth Rate QoQ Q3 4.20% 2.6%



Indonesia Economy Grows 4.2% QoQ in Q2

Indonesia's gross domestic product expanded 4.2 percent quarter-on-quarter in the three months to June 2019, rebounding sharply from a 0.52 percent contraction in the previous period and matching market expectations. This was the first quarterly growth in three quarters and the strongest in a year, as private consumption and fixed investment rose sharply on the back of fasting month of Ramadan and Eid-ul Fitr celebration.

On the expenditure side, private consumption grew sharply (1.73 percent vs 0.05 percent in Q1) and rebounds were seen in fixed investment (0.94 percent vs -5.74 percent) and government spending (36.28 percent vs -45.78 percent). Meantime, net external demand contributed negatively to the GDP, amid a recovery in imports (1.16 percent vs -16.99 percent) and a further drop in exports (-0.79 percent vs -6.84 percent).
On the production side, output growth was mainly supported by: electricity and gas (1.19 percent vs -3.70 percent); construction (0.75 percent vs -4.30 percent); transportation and storage (3.66 percent vs -0.56 percent); public administration (3.76 percent vs -9.54 percent); education (3.90 percent vs -10.80 percent); healthcare services and social activities (2.01 percent vs -1.28 percent); manufacturing (1.75 percent vs 0.37 percent); wholesale and retail trade (2.50 percent vs 1.27 percent); accommodation and food service (1.55 percent vs 0.68 percent); business services (2.98 percent vs 2.44 percent); and other services (4.0 percent vs 2.21 percent). Meanwhile, GDP growth advanced at a slower rate for: agriculture, forestry and fishing (13.80 percent vs 14.11 percent); information and communication (2.43 percent vs 2.80 percent); and real estate (1.19 percent vs 2.49 percent). At the same time, there was a contraction in mining and quarrying (-0.61 percent vs -0.24 percent) and financial services and insurance (-1.81 percent vs 3.32 percent).
Year-on-year, the economy advanced 5.05 percent in the second quarter, the weakest in two years. following a 5.07 percent growth in the first quarter and also in line with estimates.


Statistics Indonesia | Rida Husna | rida@tradingeconomics.com
8/5/2019 3:27:39 PM


News

Indonesian Economy Contracts 0.52% QoQ in Q1
Indonesia's gross domestic product shrank 0.52 percent quarter-on-quarter in the three months to March 2019, worse than market expectations of a 0.4 percent fall and following a 1.69 percent contraction in the previous period. Private consumption remained sluggish, while there were sharp declines in both fixed investment and government spending.
Published on 2019-05-06

Indonesia Quarterly GDP Contracts for First Time in 3 Quarters
Indonesia's gross domestic product shrank 1.69 percent quarter-on-quarter in the December quarter of 2018, after a 3.09 percent growth in the previous quarter and compared to market consensus of a 1.75 percent decline. It marked the first quarterly contraction since the March quarter of the year, as private consumption was sluggish while net exports contributed negatively to the GDP.
Published on 2019-02-06

Indonesia Economy Expands 3.09% in Q3
Indonesia's gross domestic product grew 3.09 percent quarter-on-quarter in the three months to September 2018, slightly above market expectations of 3.07 percent and after a 4.21 percent expansion in the previous period. There was a slowdown in government spending while private consumption and fixed investment increased firmly and net external demand contributed positively to the GDP growth.
Published on 2018-11-05

Indonesia Economy Expands 4.21% QoQ in Q2
Indonesia's gross domestic product grew 4.21 percent quarter-on-quarter in the three months to June of 2018, following a marginally revised 0.41 percent decline in the previous period and beating market consensus of a 4.08 percent expansion. It was the strongest growth rate since the series began in 2005, supported by a rebound in government spending and fixed investment and a faster increase in private consumption.
Published on 2018-08-06



Indonesia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 4.20 -0.52 4.21 -3.57 percent [+]
GDP Annual Growth Rate 5.05 5.07 7.16 1.56 percent [+]
GDP 1042.17 1015.42 1042.17 5.67 USD Billion [+]
GDP Constant Prices 2735191.60 2625053.00 2735191.60 340865.20 IDR Billion [+]
Gross Fixed Capital Formation 869895.72 861834.53 914309.16 63970.10 IDR Billion [+]
GDP per capita 4284.70 4120.40 4284.70 657.00 USD [+]
GDP per capita PPP 11605.90 11161.00 11605.90 4626.00 USD [+]
GDP From Agriculture 88693.90 80057.90 88693.90 37282.50 IDR Billion [+]
GDP From Construction 267906.20 265916.20 277871.90 149919.00 IDR Billion [+]
GDP From Manufacturing 564982.40 555288.00 564982.40 371813.30 IDR Billion [+]
GDP From Mining 198663.50 199888.90 205685.00 171254.70 IDR Billion [+]
GDP From Services 51156.00 49676.80 51156.00 23736.80 IDR Billion [+]
GDP From Utilities 36954.00 36514.80 37882.20 14032.20 IDR Billion [+]


Indonesia GDP Growth Rate

Indonesian economy is the largest in South East Asia. The country has been growing steady in the last few years mostly due to high domestic consumption and growth in exports of manufactured products and commodities. This page provides - Indonesia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Indonesia GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
4.20 -0.52 4.21 -3.57 2005 - 2019 percent Quarterly




Country Last Previous
Indonesia 4.20 Jun/19
South Africa 3.10 Jun/19
United States 2.00 Jun/19
China 1.60 Jun/19
Turkey 1.20 Jun/19
India 1.00 Jun/19
South Korea 1.00 Jun/19
Canada 0.90 Jun/19
Singapore 0.60 Sep/19
Australia 0.50 Jun/19
Brazil 0.40 Jun/19
Netherlands 0.40 Jun/19
Spain 0.40 Jun/19
France 0.30 Jun/19
Japan 0.30 Jun/19
Switzerland 0.30 Jun/19
Euro Area 0.20 Jun/19
Russia 0.20 Jun/19
Italy 0.00 Jun/19
Mexico 0.00 Jun/19
Germany -0.10 Jun/19
United Kingdom -0.20 Jun/19
Argentina -0.30 Jun/19
Saudi Arabia -1.30 Mar/19


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