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

Indonesia's GDP shrank 1.70 percent quarter-on-quarter in the three months to December of 2017, after a marginally revised 3.19 percent growth in the September quarter and in line with market consensus. It was the first quarterly contraction since the March quarter of the year, as private consumption stagnated while exports were sluggish and investment rose at a slower pace. GDP Growth Rate in Indonesia averaged 1.40 percent from 2005 until 2017, reaching an all time high of 4.01 percent in the second quarter of 2016 and a record low of -3.57 percent in the fourth quarter of 2008.

Indonesia GDP Growth Rate
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Indonesian Economy Contracts 1.7% in Q4


Indonesia's gross domestic product shrank 1.70 percent quarter-on-quarter in the three months to December of 2017, after a marginally revised 3.19 percent growth in the previous quarter and in line with market consensus. It was the first quarterly contraction since the first quarter of the year, as private consumption stagnated and net exports contributed negatively.

On the expenditure side, private consumption showed no growth (0.01 percent vs 3.44 percent in Q3) and net external demand contributed negatively, as imports jumped 9.47 percent (vs 9.01 percent in Q3) and exports rose only by 1 percent (vs 8.80 percent in Q3). In addition, fixed investment rose at a slower 4.73 percent, compared with 5.23 percent in the previous three-month period while government spending surged 39.94 percent, following a 5.30 percent advance.

On the production side, agriculture was the largest contributor to the output contraction (-21.60 percent vs 4.32 percent in Q3), followed by manufacturing (-1.08 percent vs 2.09 percent), wholesale and retail trade (-1.39 percent vs 2.98 percent) and finance and insurance (-2.97 percet vs 3.01 percent). On the other hand, output grew for: mining and quarrying (0.29 percent vs 0.28 percent); electricity and gas (1.58 percent vs 5.32 percent); construction (4.81 percent vs 4.75 percent); water and waste management (1.91 percent vs 1.57 percent); transportation and storage (0.48 percent vs 5.38 percent); hotels and restaurants (1.67 percent vs 1.42 percent); communication and information (1.98 percent vs 0.77 percent); real estate (0.54 percent vs 0.32 percent); business services (1.51 percent vs 2.62 percent); government administration (13.30 percent vs 2.37 percent); education (13.18 percent vs 1.39 percent); healthcare (5.72 percent vs 1.77 percent); and other services (1.56 percent vs 2.70 percent).

Year-on-year, the economy advanced 5.19 percent, following a 5.06 percent growth in the previous period and beating market expectations of 5.12 percent. It was the strongest pace of expansion since the fourth quarter of 2013. 

Considering 2017 full year, the GDP expanded by 5.07 percent, compared with 5.02 percent in 2016 and slightly above market consensus of 5.06 percent. It was the strongest growth rate since 2013, when the GDP rose by 5.56 percent.


Statistics Indonesia l Rida Husna | rida@tradingeconomics.com
2/5/2018 5:12:42 PM


Recent Releases

Indonesia Economy Expands 3.18% QoQ in Q3
Indonesia's GDP grew by 3.18 percent quarter-on-quarter in the three months to September of 2017, easing from a 4.0 percent growth in the previous period and missing market expectations of 3.23 percent. Government spending rose at a weaker pace while private consumption and investment increased firmly and net trade contributed positively to growth.
Published on 2017-11-06

Indonesia Economy Expands 4% QoQ in Q2
Indonesia's GDP expanded 4 percent quarter-on-quarter in the three months to June of 2017, following a 0.34 percent decline in the previous period and missing market consensus of 4.10 percent. It was the first quarterly expansion in the economy since the third quarter of 2016, boosted by private consumption, fixed investment and government spending.
Published on 2017-08-07

Indonesia Economy Contracts 0.34% QoQ In Q1
Indonesia's GDP shrank 0.34 percent quarter-on-quarter in the first quarter of 2017, following a 1.77 percent decline in the December quarter and compared to market consensus of a 0.35 percent fall. It was the second straight quarter of contraction, weighed down by a slump in government spending and investment and slowdown in exports.
Published on 2017-05-06

Indonesia Economy Contracts 1.77% QoQ in Q4
Indonesia's GDP shrank 1.77 percent quarter-on-quarter in the fourth quarter of 2016, compared to a downwardly revised 3.13 percent growth in the September quarter. It was the first contraction in three quarters and in line with markets estimates of a 1.8 percent decrease, as private consumption stalled while investment rose further and government spending and exports rebounded.
Published on 2017-02-06



Calendar GMT Actual Previous Consensus TEForecast
2017-08-07 04:00 AM GDP Growth Rate QoQ 4.0% -0.34% 4.1% 3.7%
2017-11-06 04:00 AM GDP Growth Rate QoQ 3.18% 4.0% 3.23% 3.5%
2018-02-05 04:00 AM GDP Growth Rate QoQ -1.7% 3.19% -1.7% -1.4%
2018-05-07 02:30 AM GDP Growth Rate QoQ -1.7% -0.32%
2018-08-06 04:00 AM GDP Growth Rate QoQ 3.6%
2018-11-05 04:00 AM GDP Growth Rate QoQ 2%


Indonesia GDP Last Previous Highest Lowest Unit
GDP Growth Rate -1.70 3.19 4.01 -3.57 percent [+]
GDP Annual Growth Rate 5.19 5.06 7.16 1.56 percent [+]
GDP 932.26 861.26 932.26 5.98 USD Billion [+]
GDP Constant Prices 2508931.50 2552216.50 2552216.50 340865.20 IDR Billion [+]
Gross Fixed Capital Formation 862473.94 823498.00 862473.94 63970.10 IDR Billion [+]
GDP per capita 3974.10 3827.50 3974.10 656.70 USD [+]
GDP per capita PPP 10764.50 10367.70 10764.50 4625.40 USD [+]
GDP From Agriculture 43801.30 80414.40 87854.60 37282.50 IDR Billion [+]
GDP From Construction 263181.70 251500.00 263181.70 149919.00 IDR Billion [+]
GDP From Manufacturing 530436.80 536500.00 536500.00 371813.30 IDR Billion [+]
GDP From Mining 196056.30 195600.00 205685.00 171254.70 IDR Billion [+]
GDP From Services 44514.80 43801.80 44514.80 23736.80 IDR Billion [+]
GDP From Utilities 34919.30 34121.90 34919.30 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 April of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-1.70 3.19 4.01 -3.57 2005 - 2017 percent Quarterly




GDP growth rate by Country
Country Last
United States 2.90 Dec/17
India 1.80 Dec/17
Turkey 1.80 Dec/17
China 1.40 Mar/18
Mexico 0.80 Dec/17
Netherlands 0.80 Dec/17
France 0.70 Dec/17
Spain 0.70 Dec/17
Euro Area 0.60 Dec/17
Germany 0.60 Dec/17
Switzerland 0.60 Dec/17
Australia 0.40 Dec/17
Canada 0.40 Dec/17
Japan 0.40 Dec/17
United Kingdom 0.40 Dec/17
Italy 0.30 Dec/17
Brazil 0.10 Dec/17
South Korea -0.20 Dec/17
Russia -0.38 Dec/17
Indonesia -1.70 Dec/17


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