Indonesia GDP Growth Rate  2005-2018 | Data | Chart | Calendar | Forecast

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. GDP Growth Rate in Indonesia averaged 1.40 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.

Indonesia GDP Growth Rate
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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.

On the expenditure side, government spending surged 32.52 percent in the second quarter, after a 46.09 percent drop in the previous period; and fixed investment rose 0.97 percent, compared with a 4.86 percent fall in Q1. In addition, private consumption went up 1.54 percent, after increasing by just 0.1 percent in the preceding quarter. On the other hand, net external demand contributed negatively to GDP growth, as exports continued to decline (-0.89 percent vs -1.11 percent in Q1) while imports rose slightly (0.48 percent vs -3.96 percent in Q1).

On the production side, output rebounded for: electricity and gas (3.09 percent vs -2.47 percent in Q1); mining and quarrying (2.23 percent vs -0.60 percent); transportation and storage (3.01 percent vs -0.45 percent); education (3.15 percent vs -11.35 percent); public administration (1.46 percent vs -8.91 percent); construction (0.94 percent vs -4.60 percent); human health and social work activities (1.55 percent vs -2.00 percent); water supply, sewerage, waste management and remediation activities (1.61 percent vs -1.16 percent). Also, output increased faster for: manufacturing (2.17 percent vs 0.76 percent); wholesale and retail trade, repair of motor vehicles and motorcycles (3.19 percent vs 0.43 percent); accommodation and food service (1.96 percent vs 0.59 percent); information and communication (2.13 percent vs 1.05 percent); business activities (3.37 percent vs 1.12 percent); and other services (3.30 percent vs 1.37 percent). On the other hand, output expanded at a softer rate for: agriculture, forestry and fishing (9.93 percent vs 16.53 percent); financial and insurance activities (0.67 percent vs 2.38 percent); and real estate (0.92 percent vs 1.30 percent).
 
Year-on-year, the economy grew 5.27 percent in the second quarter, accelerating from a 5.06 percent growth in the previous period and beating market expectations of 5.16 percent. It was the highest growth rate since the December quarter of 2013.


Statistics Indonesia | Chusnul Ch Manan | chusnul@tradingeconomics.com
8/6/2018 9:52:19 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-02-05 04:00 AM GDP Growth Rate QoQ -1.7% 3.19% -1.7% -1.4%
2018-05-07 04:00 AM GDP Growth Rate QoQ -0.42% -1.7% -0.3% -0.32%
2018-08-06 04:00 AM GDP Growth Rate QoQ 4.21% -0.41% 4.08% 2.4%
2018-11-05 04:00 AM GDP Growth Rate QoQ 4.21% 3.5%


Indonesia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 4.21 -0.41 4.21 -3.57 percent [+]
GDP Annual Growth Rate 5.27 5.06 7.16 1.56 percent [+]
GDP 1015.54 932.26 1015.54 5.67 USD Billion [+]
GDP Constant Prices 2603700.00 2498600.00 2603700.00 340865.20 IDR Billion [+]
Gross Fixed Capital Formation 828544.11 820589.64 862473.94 63970.10 IDR Billion [+]
GDP per capita 4130.66 3974.70 4130.66 656.70 USD [+]
GDP per capita PPP 11188.74 10766.40 11188.74 4625.40 USD [+]
GDP From Agriculture 84110.00 84577.50 88067.70 37282.50 IDR Billion [+]
GDP From Construction 253443.60 251075.10 263181.70 149919.00 IDR Billion [+]
GDP From Manufacturing 546090.80 534150.70 546090.80 371813.30 IDR Billion [+]
GDP From Mining 199227.90 194889.10 205685.00 171254.70 IDR Billion [+]
GDP From Services 46530.70 45012.80 46530.70 23736.80 IDR Billion [+]
GDP From Utilities 35639.30 34149.20 35639.30 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 August of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
4.21 -0.41 4.21 -3.57 2005 - 2018 percent Quarterly




GDP growth rate by Country
Country Last
Indonesia 4.21 Jun/18
United States 4.10 Jun/18
Turkey 2.00 Mar/18
India 1.90 Mar/18
China 1.80 Jun/18
Australia 1.00 Mar/18
Russia 0.85 Mar/18
Netherlands 0.70 Jun/18
South Korea 0.70 Jun/18
Spain 0.60 Jun/18
Switzerland 0.60 Mar/18
Germany 0.50 Jun/18
Japan 0.50 Jun/18
Brazil 0.40 Mar/18
Euro Area 0.40 Jun/18
United Kingdom 0.40 Jun/18
Canada 0.30 Mar/18
France 0.20 Jun/18
Italy 0.20 Jun/18
Mexico -0.10 Jun/18


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