Indonesia's annual economic growth eased to 5.07 percent in the first quarter of 2019 from 5.18 percent in the previous three-month period and below market consensus of 5.18 percent. This was the weakest growth rate in one year, as both private consumption and fixed investment rose at softer pace. For 2019, the government is targeting economic growth at 5.3 percent, while the central bank has forecast a range of 5.0-5.4 percent. GDP Annual Growth Rate in Indonesia averaged 5.28 percent from 2000 until 2019, 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
2018-11-05 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 5.07% 5.18% 5.18% 5.1%
2019-08-05 04:00 AM GDP Growth Rate YoY 5.07% 4.9%
2019-11-05 04:00 AM GDP Growth Rate YoY 5.2%



Indonesia Q1 GDP Annual Growth Weakens to 1-Year Low

Indonesia's annual economic growth eased to 5.07 percent in the first quarter of 2019 from 5.18 percent in the previous three-month period and below market consensus of 5.18 percent. This was the weakest growth rate in one year, as both private consumption and fixed investment rose at softer pace.

On the expenditure side, household consumption rose 5.01 percent in the first quarter, after a 5.08 percent increase in the previous period while fixed-investment went up 5.03 percent, slowing from 6.01 percent in the December quarter. On the other hand, net external demand contributed positively to the GDP growth as exports fell 2.08 percent (vs 4.33 percent in Q4) and imports plunged at a faster 7.75 percent (vs 7.10 percent in Q4). Meanwhile, government spending climbed 5.21 percent in the first quarter, compared with a 4.56 percent advance in the previous period.

On the production side, output growth slowed for: agriculture (1.81 percent vs 3.87 percent in Q4); manufacturing (3.86 percent vs 4.25 percent); electricity and gas (4.12 percent vs 5.46 percent); transportation & storage (5.25 percent vs 5.34 percent); accommodation & food services (5.87 percent vs 5.95 percent); and public administration, defense and social security (6.45 percent vs 7.13 percent).
 
Meantime, GDP expanded faster for: construction (5.91 percent vs 5.58 percent); mining and quarrying (2.32 percent vs 2.25 percent); wholesale and retail trade (5.26 percent vs 4.39 percent); business services (10.36 percent vs 8.94 percent); financial and insurance services (7.33 percent vs 6.27 percent); real estate (5.49 percent vs 4.24 percent); water and waste management (8.95 percent vs 7.92 percent); information and communication (9.03 percent vs 7.17 percent); education (5.62 percent vs 4.97 percent); health and social services (8.61 percent vs 7.80 percent); and other services (9.99 percent vs 9.08 percent);

For 2019, the government is targeting economic growth at 5.3 percent, while the central bank has forecast a range of 5.0-5.4 percent.


Statistics Indonesia | Chusnul Ch Manan | chusnul@tradingeconomics.com
5/6/2019 9:57:45 AM



Indonesia GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.52 -1.69 4.21 -3.57 percent [+]
GDP Annual Growth Rate 5.07 5.18 7.16 1.56 percent [+]
GDP 1015.54 932.26 1015.54 5.67 USD Billion [+]
GDP Constant Prices 2625042.10 2638894.30 2684185.60 340865.20 IDR Billion [+]
Gross Fixed Capital Formation 861834.53 914309.16 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 80035.80 46173.20 88106.50 37282.50 IDR Billion [+]
GDP From Construction 265916.20 277871.90 277871.90 149919.00 IDR Billion [+]
GDP From Manufacturing 555287.70 553239.30 559726.80 371813.30 IDR Billion [+]
GDP From Mining 199882.80 200377.20 205685.00 171254.70 IDR Billion [+]
GDP From Services 49676.80 48493.30 49676.80 23736.80 IDR Billion [+]
GDP From Utilities 36514.80 37882.20 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 May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
5.07 5.18 7.16 1.56 2000 - 2019 percent Quarterly




Country Last Previous
India 6.60 Dec/18
China 6.40 Mar/19
Indonesia 5.07 Mar/19
Saudi Arabia 3.60 Dec/18
United States 3.20 Mar/19
Spain 2.40 Mar/19
Australia 2.30 Dec/18
South Korea 1.80 Mar/19
United Kingdom 1.80 Mar/19
Netherlands 1.70 Mar/19
Canada 1.60 Dec/18
Switzerland 1.40 Dec/18
Mexico 1.30 Mar/19
Singapore 1.30 Mar/19
Euro Area 1.20 Mar/19
Brazil 1.10 Dec/18
France 1.10 Mar/19
South Africa 1.10 Dec/18
Germany 0.70 Mar/19
Russia 0.50 Mar/19
Japan 0.30 Dec/18
Italy 0.10 Mar/19
Turkey -3.00 Dec/18
Argentina -6.20 Dec/18


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