Indonesia's economy expanded by 3.51% yoy in Q3 of 2021, easing sharply from a 7.07% growth in the previous quarter, and less than market consensus a 3.76% growth, due to stricter restrictions imposed to curb the spread of the coronavirus Delta variant. Both household consumption (1.03% vs 5.96% in Q2) and fixed investment (3.74% vs 7.54%) expanded less, while external demand contributed positively to the GDP, with exports rose by 29.16% (vs 31.98% in Q2), while imports grew by 30.11% (vs 31.22% in Q2). At the same time, government spending grew much less (0.66% vs 8.03%). On the production side, output grew less mainly for manufacturing (3.68% vs 6.58%), construction (3.84% vs 4.42%), wholesale trade, retail (5.16% vs 9.45%), communication (5.51% vs 6.90%). Meanwhile, production fell for transportation and warehouse (-0.72% vs 25.10%), accommodation and food services (-0.13% vs 21.58%). For 2021 full year, the government maintained its economic growth forecast at 4%. source: Statistics Indonesia
GDP Annual Growth Rate in Indonesia averaged 4.85 percent from 2000 until 2021, reaching an all time high of 7.16 percent in the fourth quarter of 2004 and a record low of -5.32 percent in the second quarter of 2020. This page provides - Indonesia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Indonesia GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.
GDP Annual Growth Rate in Indonesia is expected to be 3.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Indonesia GDP Annual Growth Rate is projected to trend around 5.00 percent in 2022 and 6.00 percent in 2023, according to our econometric models.