Indonesia GDP Annual Growth Rate  2000-2017 | Data | Chart | Calendar

The Indonesian economy expanded 5.01 percent year-on-year in the March quarter of 2017, stronger than a 4.94 percent growth in the fourth quarter 2016 while market estimated a 5.0 percent expansion. Growth was driven by a rebound in government spending and faster rises in exports and investment while private consumption slowed. GDP Annual Growth Rate in Indonesia averaged 5.29 percent from 2000 until 2017, 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.

Indonesia GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus Forecast (i)
2017-02-06 04:00 AM Q4 4.94% 5.01% 5.07% 5.1%
2017-02-06 04:00 AM 2016 5.02% 4.88% 5.03% 5%
2017-05-05 02:30 AM Q1 5.01% 4.94% 5% 5%
2017-08-05 02:00 AM Q2 5.01% 5.2%
2017-11-07 02:00 AM Q3 5.1%




Indonesia GDP Growth Matches Estimates In Q1


The Indonesian economy expanded 5.01 percent year-on-year in the March quarter of 2017, stronger than a 4.94 percent growth in the fourth quarter 2016 while market estimated a 5.0 percent expansion. Growth was driven by a rebound in government spending and faster rises in exports and investment while private consumption slowed.

In the first quarter, government spending rose by 2.71 percent, reversing from a 4.05 percent decline in the December quarter. Private non-profit expenditure expanded by 8.02 percent, as compared to a 6.72 percent growth in the preceding quarter. Exports increased by 8.04 percent, much faster than a 4.24 percent expansion in previous quarter. Imports also rose by 5.02 percent, after registering a 2.82 percent increase. Gross fixed capital formation grew by 4.81 percent, compared to a 4.80 percent rise in the previous three months. Private consumption expanded by 4.93 percent year-on-year, slower than a 4.99 percent growth in the preceding quarter.
 
On the production side, growth was faster for most sectors: other services (8.01 percent from 7.69 percent in the prior quarter), hotel and restaurants (4.68 percent from 4.47 percent), construction (6.26 percent from 4.21 percent), finance (5.73 percent from 4.18 percent), healthcare (7.13 percent from 4.10 percent), real estate (3.67 percent from 3.65 percent), manufacturing (4.21 percent from 3.36 percent), government administration (0.58 percent from 0.27 percent), agriculture (7.12 percent from 5.31 percent), wholesale (4.77 percent from 3.90 percent), education (4.11 percent from 3.12 percent), water and waste management (4.39 percent from 2.66 percent). Activities rose at a slower pace for : business services (6.80 percent from 6.83 percent), electricity and gas (1.60 percent from 3.14 percent), and information (9.10 percent from 9.57 percent) while mining fell (-0.49 percent from 1.60 percent).

For the second quarter of the year, the country's central bank expects domestic economy to expand further, supported by stronger investment and rising exports while consumption should remain relatively stable. Higher commodity prices and strengthening demand due to global recovery are expected to drive investment and exports. In addition, the central bank views the role of fiscal stimuli, in terms of catalysing economic growth, should be maintained.

For full 2017, the economy is projected to grow by 5.2 percent, accelerating from a 5.02 percent expansion in 2016.
 
On a quarter-on-quarter basis, the economy shrank 0.34 percent in the three months to March 2017, following a 1.77 percent decline in the December quarter and compared to market consensus of a 0.35 percent fall.

 
 
 

Statistictic of Indonesia lChusnul Ch Manan| chusnul@tradingeconomics.com
5/5/2017 9:45:25 AM



Indonesia GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.34 -1.77 4.01 -3.57 percent [+]
GDP Annual Growth Rate 5.01 4.94 7.16 1.56 percent [+]
GDP 861.93 890.49 917.87 5.98 USD Billion [+]
GDP Constant Prices 2377500.00 2385577.10 2428569.90 340865.20 IDR Billion [+]
Gross National Product 701250.16 714387.33 714387.33 317687.52 IDR Billion [+]
Gross Fixed Capital Formation 760546.15 804145.64 804145.64 63970.10 IDR Billion [+]
GDP per capita 3834.06 3703.37 3834.06 549.48 USD [+]
GDP per capita PPP 10385.30 10031.30 10385.30 4477.30 USD [+]
GDP From Agriculture 87974.80 45636.50 87974.80 37282.50 IDR Billion [+]
GDP From Construction 245400.00 245436.80 245436.80 149919.00 IDR Billion [+]
GDP From Manufacturing 510800.00 508180.60 511699.10 371813.30 IDR Billion [+]
GDP From Mining 194854.70 196384.70 205685.00 171254.70 IDR Billion [+]
GDP From Services 41647.40 40746.10 41647.40 23736.80 IDR Billion [+]
GDP From Utilities 31357.60 30895.90 31357.60 14032.20 IDR Billion [+]


Indonesia GDP Annual Growth Rate Notes

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 June of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
5.01 4.94 7.16 1.56 2000 - 2017 percent Quarterly



gdp annual growth rate by Country

Last
China 6.90 Mar/17
India 6.10 Mar/17
Indonesia 5.01 Mar/17
Turkey 5.00 Mar/17
Netherlands 3.20 Mar/17
Spain 3.00 Mar/17
South Korea 2.90 Mar/17
Mexico 2.80 Mar/17
Canada 2.30 Mar/17
United Kingdom 2.00 Mar/17
United States 2.00 Mar/17
Euro Area 1.90 Mar/17
Australia 1.70 Mar/17
Germany 1.70 Mar/17
Japan 1.30 Mar/17
Italy 1.20 Mar/17
France 1.10 Mar/17
Switzerland 1.10 Mar/17
Russia 0.50 Mar/17
Brazil -0.40 Mar/17