Indonesia's gross domestic product grew 3.06 percent quarter-on-quarter in the three months to September 2019, compared to market expectations of 3.05 percent and following a 4.20 percent expansion in the previous period. Growth was supported by private consumption, fixed investment and exports. GDP Growth Rate in Indonesia averaged 1.42 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. source: Statistics Indonesia

GDP Growth Rate in Indonesia is expected to be -1.90 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 2.80 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.

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Indonesia GDP Growth Rate
Calendar GMT Actual Previous Consensus TEForecast
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 3.06% 4.2% 3.05% 2.9%



Indonesia Economy Grows 3.06% QoQ in Q3

Indonesia's gross domestic product grew 3.06 percent quarter-on-quarter in the three months to September 2019, compared to market expectations of 3.05 percent and following a 4.20 percent expansion in the previous period.

On the expenditure side, there were rises in both private consumption (3.08 percent vs 1.73 percent in Q2) and fixed investment (5.52 percent vs 0.94 percent). Also, net exports contributed positively to the GDP growth, as export jumped by 10.87 percent (vs -0.95 percent in Q2), while imports increased at a softer 5.75 percent (vs 1.14 percent in Q2). Meantime, government spending declined 0.79 percent, after a 36.32 percent surge in the previous three-month period.

On the production side, growth was mainly supported by manufacturing (3.18 percent vs 1.75 percent), agriculture, forestry & fishing (1.01 percent vs 13.80 percent), mining & quarrying (2.99 percent vs -0.61 percent), construction (4.76 percent vs 0.75 percent), wholesale & retail trade (3.16 percent vs 2.50 percent) transportation & storage (3.24 percent vs 3.66 percent), accommodation, food & beverages (1.53 percent vs 1.55 percent); information & communication (3.25 percent vs 2.43 percent), real estate (1.28 percent vs 1.19 percent), financial services and insurance (4.66 percent vs -1.81 percent), and education services (4.38 percent vs 3.87 percent). By contrast, public administration output contracted (-3.54 percent vs 3.77 percent).

Year-on-year, the economy advanced 5.02 percent in the September quarter, the weakest rate in over two years.


Statistics Indonesia l Rida Husna | rida@tradingeconomics.com
11/5/2019 11:24:14 AM



Indonesia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 3.06 4.20 4.21 -3.57 percent [+]
GDP Annual Growth Rate 5.02 5.05 7.16 1.56 percent [+]
GDP 1042.17 1015.42 1042.17 5.67 USD Billion [+]
GDP Constant Prices 2818875.20 2735191.60 2818875.20 340865.20 IDR Billion [+]
Gross Fixed Capital Formation 917892.88 869895.72 917892.88 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 78603.00 88693.90 88693.90 37282.50 IDR Billion [+]
GDP From Construction 280645.20 267906.20 280645.20 149919.00 IDR Billion [+]
GDP From Manufacturing 582944.50 564982.40 582944.50 371813.30 IDR Billion [+]
GDP From Mining 204595.50 198663.50 205685.00 171254.70 IDR Billion [+]
GDP From Services 52525.00 51156.00 52525.00 23736.80 IDR Billion [+]
GDP From Utilities 38412.80 36954.00 38412.80 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 November of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.06 4.20 4.21 -3.57 2005 - 2019 percent Quarterly




Country Last Previous
South Africa 3.10 Jun/19 -3.1
Indonesia 3.06 Sep/19 4.2
United States 1.90 Sep/19 2
China 1.50 Sep/19 1.6
Turkey 1.20 Jun/19 1.6
India 1.00 Jun/19 1.3
Canada 0.90 Jun/19 0.1
Singapore 0.60 Sep/19 -2.7
Australia 0.50 Jun/19 0.5
Brazil 0.40 Jun/19 -0.1
Netherlands 0.40 Sep/19 0.4
South Korea 0.40 Sep/19 1
Spain 0.40 Sep/19 0.4
France 0.30 Sep/19 0.3
Switzerland 0.30 Jun/19 0.4
United Kingdom 0.30 Sep/19 -0.2
Euro Area 0.20 Sep/19 0.2
Russia 0.20 Jun/19 0.2
Germany 0.10 Sep/19 -0.2
Italy 0.10 Sep/19 0.1
Japan 0.10 Sep/19 0.4
Mexico 0.10 Sep/19 0
Argentina -0.30 Jun/19 0
Saudi Arabia -1.30 Mar/19 1.07


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