Indonesia's gross domestic product grew 3.09 percent quarter-on-quarter in the September of 2018, slightly above market estimates of 3.07 percent and after a 4.21 percent expansion in the previous period. Government spending increased much slower while private consumption and fixed investment went up further. Still, the latest reading was the second straight quarter of quarterly growth, amid multiple adversities in recent months, including the earthquake and tsunami in Palu as well as floods in some regions. GDP Growth Rate in Indonesia averaged 1.43 percent from 2005 until 2018, 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 -1.20 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 2.60 in 12 months time. In the long-term, the Indonesia GDP Growth Rate is projected to trend around -0.80 percent in 2020, according to our econometric models.