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.

Indonesia GDP Growth Rate
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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 3.09% 4.21% 3.07% 3.5%
2019-02-05 04:00 AM GDP Growth Rate QoQ -1.20%
2019-05-07 04:00 AM GDP Growth Rate QoQ -0.30%
2019-08-06 04:00 AM GDP Growth Rate QoQ 3.40%



Indonesia Economy Expands 3.09% in Q3


Indonesia's gross domestic product grew 3.09 percent quarter-on-quarter in the three months to September 2018, slightly above market expectations of 3.07 percent and after a 4.21 percent expansion in the previous period. There was a slowdown in government spending while private consumption and fixed investment increased firmly and net external demand contributed positively to the GDP growth.

Still, the latest reading was the second straight quarter of expansion amid multiple adversities in recent months, including the earthquake and tsunami in Palu as well as floods in some regions.

On the expenditure side, government spending increased 6.36 percent in the third quarter, way softer than a 32.51 percent jump in the previous period. Meanwhile, private consumption growth picked up to 3.31 percent from 1.54 percent in the previous quarter and fixed investment expansion accelerated to 6.32 percent from 0.95 percent. Exports surged 8.68 percent (vs -0.96 percent in Q2) and imports increased at a slower 7.86 percent (vs 0.49 percent in Q2). 

On the production side, output rose at a softer pace for: agriculture, forestry and fishing (3.18 percent vs 9.92 percent in Q2); mining and quarrying (0.36 percent vs 2.48 percent); wholesale and retail trade (3.05 percent vs 3.12 percent); transportation and storage (2.41 percent vs 3.15 percent); accommodation and food service (1.57 percent vs 1.96 percent); business activities (2.41 percent vs 3.37 percent); education services (2.92 percent vs 3.24 percent); and other services (2.68 percent vs 3.29 percent). Meanwhile, output growth accelerated for: manufacturing (2.57 percent vs 2.06 percent); electricity and gas (3.38 percent vs 3.09 percent); water supply, sewerage, waste management and remediation activities (3.79 percent vs 1.61 percent); construction (4.81 percent vs 0.94 percent); information and communication (3.67 percent vs 2.01 percent); financial services and insurance (3.42 percent vs 0.68 percent); real estate (1.05 percent vs 0.92 percent); public administration (2.98 percent vs 1.53 percent); and health and social services (2.28 percent vs 1.49 percent). 

Year-on-year, the economy expanded 5.17 percent in the September quarter, easing from a 5.27 percent growth in the previous period and slightly above consensus of 5.15 percent.



Statistics Indonesia | Rida | rida@tradingeconomics.com
11/5/2018 11:33:04 AM



Indonesia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 3.09 4.21 4.21 -3.57 percent [+]
GDP Annual Growth Rate 5.17 5.27 7.16 1.56 percent [+]
GDP 1015.54 932.26 1015.54 5.67 USD Billion [+]
GDP Constant Prices 2684193.60 2603700.00 2684193.60 340865.20 IDR Billion [+]
Gross Fixed Capital Formation 880777.29 828544.11 880777.29 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 82332.00 84110.00 88067.70 37282.50 IDR Billion [+]
GDP From Construction 265600.00 253443.60 265600.00 149919.00 IDR Billion [+]
GDP From Manufacturing 559400.00 546090.80 559400.00 371813.30 IDR Billion [+]
GDP From Mining 200700.00 199227.90 205685.00 171254.70 IDR Billion [+]
GDP From Services 47654.30 46530.70 47654.30 23736.80 IDR Billion [+]
GDP From Utilities 36766.40 35639.30 36766.40 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
3.09 4.21 4.21 -3.57 2005 - 2018 percent Quarterly




Country Last Previous
United States 3.50 Sep/18
Indonesia 3.09 Sep/18
Singapore 3.00 Sep/18
South Africa 2.20 Sep/18
India 1.90 Jun/18
China 1.60 Sep/18
Russia 0.90 Jun/18
Brazil 0.80 Sep/18
Mexico 0.80 Sep/18
South Korea 0.60 Sep/18
Spain 0.60 Sep/18
United Kingdom 0.60 Sep/18
Canada 0.50 Sep/18
France 0.40 Sep/18
Australia 0.30 Sep/18
Euro Area 0.20 Sep/18
Netherlands 0.20 Sep/18
Saudi Arabia -0.05 Mar/18
Italy -0.10 Sep/18
Germany -0.20 Sep/18
Switzerland -0.20 Sep/18
Japan -0.60 Sep/18
Turkey -1.10 Sep/18
Argentina -4.00 Jun/18


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