Indonesia's economy advanced 1.55% qoq in Q3 2021, moderating sharply from a 3.31% expansion in Q2, and below market expectations of a 1.8% increase. Household consumption shrank (-0.18% vs 1.28% in Q2), amid strict COVID-19 containment measures from July to late August; while government spending growth eased sharply (8.96% vs 28.74%). At the same time, external demand contributed positively, as exports rose faster ( 9.28% vs 6.68% in Q2) while imports fell (-1.24% vs 6.30%). Meantime, fixed investment grew 4.63% after falling 2.69% previously. On the production side, activity slowed in agriculture (1.88% vs 12.92% in Q2), wholesale trade (1.54% vs 3.37%), and real estate (1.54% vs 1.59%). In addition, output fell in transport (-1.37% vs 1.96%), accommodation, food and beverages (-5.73% vs 1.91%), insurance & finance (-1.24% vs 0.15%), state administration, defense (-16.69% vs 10.02%), and education (-4.65% vs 6.82%). By contrast, manufacturing activity grew faster (2.35% vs 1.07%). source: Statistics Indonesia
GDP Growth Rate in Indonesia averaged 1.26 percent from 2005 until 2021, reaching an all time high of 5.05 percent in the third quarter of 2020 and a record low of -4.19 percent in the second quarter of 2020. This page provides - Indonesia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Indonesia GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.
GDP Growth Rate in Indonesia is expected to be -1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Indonesia GDP Growth Rate is projected to trend around -1.60 percent in 2022 and -1.30 percent in 2023, according to our econometric models.