Indonesia's annual economic growth eased to 5.17 percent in the third quarter of 2018 from 5.27 percent in the previous three-month period and slightly above market consensus of 5.15 percent. The expansion was mainly driven by private consumption and fixed investment while net exports contributed negatively to the GDP growth. 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 5.20 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 5.20 in 12 months time. In the long-term, the Indonesia GDP Annual Growth Rate is projected to trend around 5.30 percent in 2020, according to our econometric models.

Indonesia GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-02-05 04:00 AM Full Year GDP Growth 5.07% 5.03% 5.06% 5.1%
2018-05-07 04:00 AM GDP Growth Rate YoY 5.06% 5.19% 5.18% 5.2%
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%
2019-02-05 04:00 AM Full Year GDP Growth
2019-02-05 04:00 AM GDP Growth Rate YoY 5.20%
2019-05-07 04:00 AM GDP Growth Rate YoY 5.10%



Indonesia GDP Annual Growth Slows to 5.17% in Q3



Indonesia's annual economic growth eased to 5.17 percent in the third quarter of 2018 from 5.27 percent in the previous three-month period and slightly above market consensus of 5.15 percent. The expansion was mainly driven by private consumption and fixed investment while net exports contributed negatively to the GDP growth.

On the expenditure side, household consumption rose 5.01 percent in the third quarter, after a 5.14 percent increase in the previous period; and fixed-investment went up 6.96 percent, accelerating from 5.87 percent in the June quarter. In addition, government spending climbed 6.28 percent in the third quarter, compared with a 5.26 percent advance in the previous period. Meanwhile, net external demand contributed negatively to the GDP growth as imports jumped 14.06 percent (vs 15.17 percent in Q2) and exports increased at a softer 7.52 percent (vs 7.70 percent in Q2).
 
On the production side, output growth eased for: agriculture (3.62 percent vs 4.76 percent in Q2); electricity and gas (5.58 percent vs 7.56 percent); transportation (5.64 percent vs 8.59 percent); business services (8.67 percent vs 8.89 percent); and other services (9.19 percent vs 9.22 percent). Meantime, GDP increased at a faster pace for: manufacturing (4.33 percent vs 3.97 percent); construction (5.79 percent vs 5.73 percent); information and communication (8.98 percent vs 6.06 percent); financial and insurance services (3.44 percent vs 3.02 percent); real estate (3.85 percent vs 3.11 percent); public administration, defense and social security (7.89 percent vs 7.20 percent); education (6.62 percent vs 4.94 percent); mining and quarrying (2.68 percent vs 2.21 percent); water and waste management (6.22 percent vs 3.94 percent); wholesale and retail trade (5.26 percent vs 5.24 percent); accommodation & food services (5.90 percent vs 5.75 percent); and health and social services (7.55 percent vs 7.07 percent).
 
On a quarterly basis, the economy grew 3.09 percent in the three months to September, slightly above market expectations of 3.07 percent and following a 4.21 percent expansion in the previous period.
 
For 2018, the government still expects the economy to grow by 5.4 percent though officials have said the latest outlook is 5.14 percent. The central bank's 2018 forecast is between 5.1-5.2 percent.


Statistics Indonesia | Chusnul Ch Manan | chusnul@tradingeconomics.com
11/5/2018 11:18:54 AM


Recent Releases

Indonesia Q2 GDP Growth Strongest in 4-1/2 Years
The Indonesian economy advanced 5.27 percent year-on-year in the second quarter of 2018, beating market consensus of 5.16 percent and following a 5.06 percent growth in the previous period. It was the strongest pace of expansion since the last quarter of 2013, driven by faster rises in private consumption and government spending while fixed investment grew firmly.
Published on 2018-08-06

Indonesia GDP Growth Slows to 5.06% in Q1
The Indonesian economy expanded by 5.06 percent year-on-year in the first quarter of 2018, following a 5.19 percent growth in the previous period and missing market expectations of 5.18 percent. Both exports and government spending increased at a slower pace while household consumption growth was almost unchanged and fixed investment rose further.
Published on 2018-05-07

Indonesian Economy Grows the Most in 4 Years
The Indonesian economy expanded by 5.19 percent year-on-year in the fourth quarter of 2017, 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, mainly driven by fixed investment and private consumption.
Published on 2018-02-05

Indonesia Q3 GDP Annual Growth Rate Below Expectations
The Indonesian economy advanced 5.06 percent year-on-year in the third quarter of 2017, following a 5.01 percent growth in the previous two periods but missing market expectations of 5.13 percent. The expansion was driven by a rebound in government spending while fixed investment and private consumption continued to increase firmly and net trade contributed positively to growth.
Published on 2017-11-06



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 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
5.17 5.27 7.16 1.56 2000 - 2018 percent Quarterly




Country Last Previous
India 7.10 Sep/18
China 6.50 Sep/18
Indonesia 5.17 Sep/18
United States 3.00 Sep/18
Australia 2.80 Sep/18
Mexico 2.50 Sep/18
Spain 2.50 Sep/18
Netherlands 2.40 Sep/18
Switzerland 2.40 Sep/18
Singapore 2.20 Sep/18
South Korea 2.00 Sep/18
Canada 1.90 Jun/18
Saudi Arabia 1.61 Jun/18
Euro Area 1.60 Sep/18
Turkey 1.60 Sep/18
Russia 1.50 Sep/18
United Kingdom 1.50 Sep/18
France 1.40 Sep/18
Brazil 1.30 Sep/18
Germany 1.10 Sep/18
South Africa 1.10 Sep/18
Italy 0.70 Sep/18
Japan 0.00 Sep/18
Argentina -4.20 Jun/18


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