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.

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Indonesia GDP Growth Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-08-05 04:00 AM Q2 3.31% -0.92% 2.94% 3%
2021-11-05 02:00 AM Q3 1.55% 3.31% 1.8% 1.9%
2022-02-04 02:00 AM Q4


Related Last Previous Unit Reference
GDP Growth Rate 1.55 3.31 percent Sep/21
GDP Annual Growth Rate 3.51 7.07 percent Sep/21
GDP Constant Prices 2815928.60 2772832.00 IDR Billion Sep/21
Gross National Product 701250.16 714387.33 IDR Billion Dec/14
Gross Fixed Capital Formation 890226.39 850840.80 IDR Billion Sep/21
GDP From Utilities 39731.60 38622.60 IDR Billion Sep/21
GDP From Services 48242.20 49438.40 IDR Billion Sep/21
GDP From Mining 211889.90 203356.10 IDR Billion Sep/21
GDP From Manufacturing 578167.10 564865.50 IDR Billion Sep/21
GDP From Construction 278240.80 264663.70 IDR Billion Sep/21
GDP From Agriculture 79372.30 88881.60 IDR Billion Sep/21

News Stream
Indonesia Economy Grows 1.55% QoQ in Q3
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%).
2021-11-05
Indonesia Quarterly GDP Grows for 1st Time in 3 Quarters
Indonesia's economy advanced 3.31% qoq in Q2 2021, above market consensus of 2.94% growth and after a downwardly revised 0.92% fall in Q1. This was the first quarterly growth since Q3 2020, boosted by Eid-ul Fitr celebrations and an acceleration in COVID-19 vaccinations, with both household consumption (1.27% vs -0.58 in Q1) and government spending (29.07% vs -43.69%) rebounding. Also, external demand contributed positively, as exports rose 6.58% (vs 8.21% in Q1) while imports grew 5.81% (vs 6.16%). Meantime, fixed-investment fell further (-2.69% vs 2.21%). On the production side, activity rebounded in mining (3.37% vs -1.56%), transport (1.96% vs -6.05%), insurance & finance (0.17% vs -0.17%), and health (3.56% vs -10.37%). Also, output grew faster for agriculture (12.93% vs 10.22%), manufacturing (1.07% vs 0.61%), and wholesale trade (3.36% vs 1.07% vs -0.87%). In contrast, activity shrank for electricity (-1.17% vs 0.98%), and construction (-2.51% vs -2.1%).
2021-08-05
Indonesia Economy Shrinks 0.96% QoQ in Q1
Indonesia's economy contracted 0.96% qoq in Q1 2021, compared with market consensus of a 1.04% decline and after a 0.42% fall in Q4. This was the second straight quarterly contraction, amid the prolonged impact of the COVID-19 crisis. There were falls in private consumption (-0.58% vs 0.49% in Q4), government spending (-43.35 percent vs 27.15%), and fixed investment (-2.21% vs 4.19%). In contrast, external demand contributed positively to the GDP, as exports rose by 7.83% (vs 2.41% in Q4) while imports grew at a softer 6.47% (vs 16.28%). On the production side, activity fell for mining (-1.56% vs 1.65%), construction (-2.1% vs 3.48%), transport and warehouse (-6.05% vs 5.08%), accommodation, food & beverages (-1.8% vs 5.86%), insurance & financial services (-0.18% vs 5.61%), and health & social activities (-10.1% vs 5.78%). On the other hand, output grew for agriculture (0.81% vs -20.15%), manufacturing (0.61% vs -0.38%), and wholesale trade, retail (1.07% vs -0.87%).
2021-05-05

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.