Indonesia GDP Annual Growth Rate  2000-2018 | Data | Chart | Calendar

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. GDP Annual Growth Rate in Indonesia averaged 5.28 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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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.

On the expenditure side, fixed investment jumped 7.27 percent, after a 7.08 percent growth in the previous period, and household consumption rose 4.97 percent, compared with 4.93 percent. Also, government spending went up 3.81 percent, from a 3.48 percent gain in the preceding three-month period. Meanwhile, exports advanced 8.50 percent (17.01 percent in Q3) while imports increased at a faster 11.81 percent (15.46 percent in Q3). 
 
On the production side, output growth accelerated for: water and waste management (5.53 percent from 4.82 percent in Q3); construction (7.23 percent from 6.98 percent); education (5.89 percent from 3.62 percent); information and communication (8.99 percent from 8.82 percent); real estate (3.73 percent from 3.60 percent); and government administration (6.95 percent from 0.69 percent).
 
On the other hand, output increased at a slower pace for: agriculture (2.24 percent from 2.77 percent in Q3); mining and quarrying (0.08 percent from 1.84 percent); transport and storage (8.21 percent from 8.88 percent); electricity and gas (2.27 percent from 4.88 percent); manufacturing (4.46 percent from 4.85 percent); wholesale and retail trade (4.47 percent from 5.20 percent); finance and insurance (3.85 percent from 6.16 percent); business services (9.25 percent from 9.37 percent); healthcare (6.31 percent from 7.51 percent); hotels and restaurants (5.49 percent from 5.69 percent); and other services (8.87 percent from 9.31 percent).
 
Considering 2017 full year, the economy expanded by 5.07 percent, compared with 5.03 percent in 2016 and slightly above market consensus of 5.06 percent. It was the strongest growth rate since 2013, when the GDP rose by 5.56 percent. For 2018, the government is targeting economic growth of 5.4 percent, while the central bank has forecast a range of 5.1-5.5 percent.


Statistics Indonesia l Chusnul Ch Manan | chusnul@tradingeconomics.com
2/5/2018 4:33:25 PM


Recent Releases

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 Grows 5.01% in Q2, Less Than Expected
The Indonesian economy expanded 5.01 percent year-on-year in the second quarter of 2017, the same pace as in the previous period and below market expectations of 5.10 percent. Growth was driven by private consumption and fixed investment while exports rose at a slower pace and government spending fell. On a quarterly basis, the economy expanded by 4.00 percent in Q2.
Published on 2017-08-08

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.
Published on 2017-05-05

Indonesia GDP Growth Slowest In 3 Quarters In Q4
The Indonesian economy expanded 4.94 percent year-on-year in the December quarter of 2016, compared to a marginally revised 5.01 percent growth in the third quarter while market estimated a 5.07 percent expansion. It was the slowest growth since the March quarter, as a slowdown in private consumption and a further decline in government spending offset a rebound in exports and a faster increase in investment.
Published on 2017-02-06



Calendar GMT Actual Previous Consensus TEForecast
2017-11-06 04:00 AM GDP Growth Rate YoY 5.06% 5.01% 5.13% 5.1%
2018-02-05 04:00 AM Full Year GDP Growth 5.07% 5.03% 5.06% 5.1%
2018-02-05 04:00 AM GDP Growth Rate YoY 5.19% 5.06% 5.12% 5.15%
2018-05-07 02:30 AM GDP Growth Rate YoY 5.19% 5.2%
2018-08-06 04:00 AM GDP Growth Rate YoY 5.4%
2018-11-05 04:00 AM GDP Growth Rate YoY 5.10%


Indonesia GDP Last Previous Highest Lowest Unit
GDP Growth Rate -1.70 3.19 4.01 -3.57 percent [+]
GDP Annual Growth Rate 5.19 5.06 7.16 1.56 percent [+]
GDP 932.26 861.26 932.26 5.98 USD Billion [+]
GDP Constant Prices 2508931.50 2552216.50 2552216.50 340865.20 IDR Billion [+]
Gross Fixed Capital Formation 862473.94 823498.00 862473.94 63970.10 IDR Billion [+]
GDP per capita 3974.10 3827.50 3974.10 656.70 USD [+]
GDP per capita PPP 10764.50 10367.70 10764.50 4625.40 USD [+]
GDP From Agriculture 43801.30 80414.40 87854.60 37282.50 IDR Billion [+]
GDP From Construction 263181.70 251500.00 263181.70 149919.00 IDR Billion [+]
GDP From Manufacturing 530436.80 536500.00 536500.00 371813.30 IDR Billion [+]
GDP From Mining 196056.30 195600.00 205685.00 171254.70 IDR Billion [+]
GDP From Services 44514.80 43801.80 44514.80 23736.80 IDR Billion [+]
GDP From Utilities 34919.30 34121.90 34919.30 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 2018.

Actual Previous Highest Lowest Dates Unit Frequency
5.19 5.06 7.16 1.56 2000 - 2017 percent Quarterly




GDP annual growth rate by Country
Country Last
Turkey 7.30 Dec/17
India 7.20 Dec/17
China 6.80 Mar/18
Indonesia 5.19 Dec/17
Spain 3.10 Dec/17
Canada 2.90 Dec/17
Germany 2.90 Dec/17
Netherlands 2.90 Dec/17
South Korea 2.80 Mar/18
Euro Area 2.70 Dec/17
United States 2.60 Dec/17
France 2.50 Dec/17
Australia 2.40 Dec/17
Brazil 2.10 Dec/17
Japan 2.00 Dec/17
Switzerland 1.90 Dec/17
Italy 1.60 Dec/17
Mexico 1.50 Dec/17
United Kingdom 1.40 Dec/17
Russia 0.90 Dec/17


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