Indonesia GDP Growth Rate  2005-2017 | Data | Chart | Calendar | Forecast

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. GDP Growth Rate in Indonesia averaged 1.37 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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Calendar GMT Actual Previous Consensus Forecast (i)
2016-11-07 04:00 AM Q3 3.20% 4.03% 3.22% 3.6%
2017-02-06 04:00 AM Q4 -1.77% 3.13% -1.8% -1.1%
2017-05-05 02:30 AM Q1 -0.34% -1.77% -0.35% -0.2%
2017-08-05 02:00 AM Q2 -0.34% 3.7%
2017-11-07 04:00 AM Q3 3.5%




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.

In the March quarter, government spending dropped by 45.54 percent (from 39.49 percent in the fourth quarter 2016). Also, investment fell 5.42 percent (from 4.56 percent). Private non-profit spending decreased 1.71 percent ( from 2.83 percent). Exports went up 0.41 percent (from 8.93 percent) and imports increased 4.59 percent (from 12.67 percent). Private consumption rebounded (0.14 percent from -0.02 percent).
 
On the production side, education services decreased the most (-10.37 percent from 10.74 percent in the previous period), followed by government administration (-7.57 percent from  6.67 percent), electricity and gas (-3.45 percent from 4.17 percent), healthcare (-1.69 percent from 6.91 percent), transport & storage (-1.53 percent from 1.10 percent), mining & quarrying (-0.78 percent from 2.18 percent), manufacturing (-0.52 percent from 0.69 percent), and whole sale and retail trade (-0.24 percent from -0.40 percent). In contrast, growth was seen for: agriculture (15.59 percent from 21.24 percent in the previous period), business service (2.21 percent from 1.62 percent), other services (1.89 percent from 1.97 percent), real estate (1.79 percent from 0.41 percent), water and waste management (0.69 percent from 1.22 percent), and communication (0.28 percent from 1.74 percent) while finance and insurance sector rebounded (1.65 percent from -0.81 percent).
 
Year-on-year, the economy expanded 5.01 percent, stronger than a  4.94 percent growth in the fourth quarter 2016 while market estimated a 5.0 percent expansion.
 
 

Statistic of Indonesia l Chusnul Ch Manan | chusnul@tradingeconomics.com
5/6/2017 3:49:47 AM



Indonesia GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.34 -1.77 4.01 -3.57 percent [+]
GDP Annual Growth Rate 5.01 4.94 7.16 1.56 percent [+]
GDP 861.93 890.49 917.87 5.98 USD Billion [+]
GDP Constant Prices 2377500.00 2385577.10 2428569.90 340865.20 IDR Billion [+]
Gross National Product 701250.16 714387.33 714387.33 317687.52 IDR Billion [+]
Gross Fixed Capital Formation 760546.15 804145.64 804145.64 63970.10 IDR Billion [+]
GDP per capita 3834.06 3703.37 3834.06 549.48 USD [+]
GDP per capita PPP 10385.30 10031.30 10385.30 4477.30 USD [+]
GDP From Agriculture 87974.80 45636.50 87974.80 37282.50 IDR Billion [+]
GDP From Construction 245400.00 245436.80 245436.80 149919.00 IDR Billion [+]
GDP From Manufacturing 510800.00 508180.60 511699.10 371813.30 IDR Billion [+]
GDP From Mining 194854.70 196384.70 205685.00 171254.70 IDR Billion [+]
GDP From Services 41647.40 40746.10 41647.40 23736.80 IDR Billion [+]
GDP From Utilities 31357.60 30895.90 31357.60 14032.20 IDR Billion [+]


Indonesia GDP Growth Rate Notes

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 June of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-0.34 -1.77 4.01 -3.57 2005 - 2017 percent Quarterly



gdp growth rate by Country

Last
India 1.50 Mar/17
Turkey 1.40 Mar/17
China 1.30 Mar/17
United States 1.20 Mar/17
South Korea 1.10 Mar/17
Brazil 1.00 Mar/17
Canada 0.90 Mar/17
Spain 0.80 Mar/17
Mexico 0.70 Mar/17
Euro Area 0.60 Mar/17
Germany 0.60 Mar/17
France 0.50 Mar/17
Italy 0.40 Mar/17
Netherlands 0.40 Mar/17
Australia 0.30 Mar/17
Japan 0.30 Mar/17
Switzerland 0.30 Mar/17
United Kingdom 0.20 Mar/17
Indonesia -0.34 Mar/17
Russia -0.57 Sep/15