Indonesia's annual economic growth edged up to 5.18 percent in the fourth quarter of 2018 from 5.17 percent in the previous three-month period and slightly above market consensus of 5.11 percent. The expansion was mainly driven by private consumption while both fixed investment and government spending increased at a slower pace. Meantime, net exports contributed negatively to the GDP growth. For 2018 as a whole, the economy grew 5.17 percent, compared to a 5.07 percent expansion in 2017, and marking the fastest growth rate since 2013. GDP Annual Growth Rate in Indonesia averaged 5.28 percent from 2000 until 2018, reaching an all time high of 7.16 percent in the fourth quarter of 2004 and a record low of 1.56 percent in the fourth quarter of 2001.

GDP Annual Growth Rate in Indonesia is expected to be 4.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Indonesia to stand at 5.00 in 12 months time. In the long-term, the Indonesia GDP Annual Growth Rate is projected to trend around 5.50 percent in 2020, according to our econometric models.

Indonesia GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-06 04:00 AM GDP Growth Rate YoY 5.27% 5.06% 5.16% 5.2%
2018-11-05 04:00 AM GDP Growth Rate YoY 5.17% 5.27% 5.15% 5.1%
2019-02-06 04:00 AM GDP Growth Rate YoY 5.18% 5.17% 5.11% 5.1%
2019-02-06 04:00 AM Full Year GDP Growth 5.17% 5.07% 5.15% 5.1%
2019-05-06 04:00 AM GDP Growth Rate YoY 5.18% 5.1%
2019-08-05 04:00 AM GDP Growth Rate YoY 4.9%
2019-11-05 04:00 AM GDP Growth Rate YoY 5.2%



Indonesia Q4 GDP Annual Growth Above Expectations

Indonesia's annual economic growth edged up to 5.18 percent in the fourth quarter of 2018 from 5.17 percent in the previous three-month period and slightly above market consensus of 5.11 percent. The expansion was mainly driven by private consumption while both fixed investment and government spending increased at a slower pace. Meantime, net exports contributed negatively to the GDP growth.

On the expenditure side, household consumption rose 5.08 percent in the fourth quarter, after a 5 percent increase in the previous period while fixed-investment went up 6.01 percent, slowing from 6.96 percent in the September quarter. On the other hand, government spending climbed 4.56 percent in the fourth quarter, compared with a 6.27 percent advance in the previous period. Meanwhile, net external demand contributed negatively to the GDP growth as imports rose 7.10 percent (vs 14.02 percent in Q3) and exports increased at a softer 4.33 percent (vs 8.08 percent in Q3).
 
On the production side, output growth accelerated for: agriculture (3.87 percent vs 3.66 percent in Q3); business services (8.94 percent vs 8.67 percent); financial and insurance services (6.27 percent vs 3.14 percent); real estate (4.24 percent vs 3.82 percent); water and waste management (7.92 percent vs 6.20 percent); accommodation & food services (5.95 percent vs 5.91 percent); and health and social services (7.80 percent vs 7.54 percent). Meantime, GDP increased at a softer pace for: manufacturing (4.25 percent vs 4.35 percent); construction (5.58 percent vs 5.79 percent); electricity and gas (5.46 percent vs 5.58 percent); transportation (5.34 percent vs 5.65 percent); and other services (9.08 percent vs 9.19 percent); information and communication (7.17 percent vs 8.14 percent); public administration, defense and social security (7.13 percent vs 7.93 percent); education (4.97 percent vs 6.60 percent); mining and quarrying (2.25 percent vs 2.67 percent); and wholesale and retail trade (4.39 percent vs 5.28 percent). 

On a quarterly basis, the economy contracted 1.69 percent in the three months to December, following a 3.09 percent rise in Q3 and compared with market consensus of a 1.75 percent contraction. It marked the first quarterly contraction since the first quarter of the year. 

For 2018 as a whole, the economy grew 5.17 percent, compared to a 5.07 percent expansion in 2017, and marking the fastest growth rate since 2013.
 
 


Statistics Indonesia l Chusnul Ch Manan | chusnul@tradingeconomics.com
2/6/2019 10:43:43 AM



Indonesia GDP Last Previous Highest Lowest Unit
GDP Growth Rate -1.69 3.09 4.21 -3.57 percent [+]
GDP Annual Growth Rate 5.18 5.17 7.16 1.56 percent [+]
GDP 1015.54 932.26 1015.54 5.67 USD Billion [+]
GDP Constant Prices 2638894.30 2684185.60 2684185.60 340865.20 IDR Billion [+]
Gross Fixed Capital Formation 914309.16 880795.44 914309.16 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 46173.20 82570.60 88106.50 37282.50 IDR Billion [+]
GDP From Construction 277871.90 265639.90 277871.90 149919.00 IDR Billion [+]
GDP From Manufacturing 553239.30 559726.80 559726.80 371813.30 IDR Billion [+]
GDP From Mining 200377.20 200700.30 205685.00 171254.70 IDR Billion [+]
GDP From Services 48493.30 47654.30 48493.30 23736.80 IDR Billion [+]
GDP From Utilities 37882.20 36766.40 37882.20 14032.20 IDR Billion [+]


Indonesia GDP Annual Growth Rate

Indonesia is the largest economy in South East Asia. Industry accounts for the largest share of GDP (46.5 percent of total GDP). Within industry, the most important is manufacturing, which has been one of the main growth engines (24 percent of total output). Mining and quarrying accounts for 12 percent, construction for 10 percent and electricity, gas and water supply for 0.75 percent. Services constitute 38 percent of total GDP. Within services, the most important are: trade, hotel and restaurants (around 14 percent of GDP); transport and communication (7 percent of GDP); finance, real estate and business services (7 percent of GDP) and government services (6 percent). Agriculture accounts for the remaining 15 percent. This page provides - Indonesia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Indonesia GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
5.18 5.17 7.16 1.56 2000 - 2018 percent Quarterly




Country Last Previous
India 6.60 Dec/18
China 6.40 Mar/19
Indonesia 5.18 Dec/18
Saudi Arabia 3.60 Dec/18
United States 3.00 Dec/18
Russia 2.70 Dec/18
Australia 2.30 Dec/18
Spain 2.30 Dec/18
Netherlands 2.20 Dec/18
South Korea 1.80 Mar/19
Mexico 1.70 Dec/18
Canada 1.60 Dec/18
Switzerland 1.40 Dec/18
United Kingdom 1.40 Dec/18
Singapore 1.30 Mar/19
Brazil 1.10 Dec/18
Euro Area 1.10 Dec/18
South Africa 1.10 Dec/18
France 1.00 Dec/18
Germany 0.60 Dec/18
Japan 0.30 Dec/18
Italy 0.00 Dec/18
Turkey -3.00 Dec/18
Argentina -6.20 Dec/18


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