Indonesia's annual economic growth eased slightly to 5.05 percent in the second quarter of 2019 from 5.07 percent in the previous three-month period and matching market consensus. That was the weakest pace of expansion since the second quarter of 2017, as investment growth remained the slowest since early 2017. 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 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 5.10 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
2019-02-06 04:00 AM GDP Growth Rate YoY Q4 5.18% 5.17% 5.11% 5.1%
2019-02-06 04:00 AM Full Year GDP Growth 2018 5.17% 5.07% 5.15% 5.1%
2019-05-06 04:00 AM GDP Growth Rate YoY Q1 5.07% 5.18% 5.18% 5.1%
2019-08-05 04:00 AM GDP Growth Rate YoY Q2 5.05% 5.07% 5.05% 4.9%
2019-11-05 04:00 AM GDP Growth Rate YoY Q3 5.05% 5.2%



Indonesia GDP Annual Growth Slows to 2-Year Low

Indonesia's annual economic growth eased slightly to 5.05 percent in the second quarter of 2019 from 5.07 percent in the previous three-month period and matching market consensus. That was the weakest pace of expansion since the second quarter of 2017, as investment growth remained the slowest since early 2017.

On the expenditure side, fixed-investment went up 5.01 percent in the second quarter, slowing from 5.03 percent in the March quarter. Meanwhile, household consumption rose 5.17 percent, after a 5.02 percent increase in the previous period; and government spending climbed 8.23 percent, compared with a 5.21 percent advance in the previous period.
 
Net external demand contributed positively to the GDP growth as exports fell 1.81 percent (vs -1.86 percent in Q1) and imports tumbled at a faster 6.73 percent (vs -7.36 percent in Q1).
 
On the production side, output growth slowed for: manufacturing (3.54 percent vs 3.86 percent); electricity and gas (2.20 percent vs 4.12 percent); accommodation & food services (5.52 percent vs 5.87 percent); construction (5.69 percent vs 5.91 percent); wholesale and retail trade (4.63 percent vs 5.27 percent); business services (9.94 percent vs 10.36 percent); financial and insurance services (4.55 percent vs 7.32 percent); and water and waste management (8.35 percent vs 8.95 percent). In addition, mining and quarrying output shrank 0.71 percent, compared to 2.32 percent expansion in the previous period.
 
Meantime, GDP expanded faster for: agriculture (5.33 percent vs 1.82 percent); transportation & storage (5.78 percent vs 5.25 percent); public administration, defense and social security (8.82 percent vs 6.40 percent); real estate (5.74 percent vs 5.46 percent); information and communication (9.60 percent vs 9.06 percent); education (6.29 percent vs 5.60 percent); health and social services (9.09 percent vs 8.59 percent); and other services (10.73 percent vs 9.99 percent);

Considering the first half of the year, the economy expanded 5.06 percent from a year earlier.
 
For 2019, the government is targeting economic growth at 5.2-5.3 percent, while the central bank has forecast 5.2 percent.


Statistics Indonesia | Chusnul Ch Manan | chusnul@tradingeconomics.com
8/5/2019 3:17:50 PM



Indonesia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 4.20 -0.52 4.21 -3.57 percent [+]
GDP Annual Growth Rate 5.05 5.07 7.16 1.56 percent [+]
GDP 1042.17 1015.42 1042.17 5.67 USD Billion [+]
GDP Constant Prices 2735191.60 2625053.00 2735191.60 340865.20 IDR Billion [+]
Gross Fixed Capital Formation 869895.72 861834.53 914309.16 63970.10 IDR Billion [+]
GDP per capita 4284.70 4120.40 4284.70 657.00 USD [+]
GDP per capita PPP 11605.90 11161.00 11605.90 4626.00 USD [+]
GDP From Agriculture 88693.90 80057.90 88693.90 37282.50 IDR Billion [+]
GDP From Construction 267906.20 265916.20 277871.90 149919.00 IDR Billion [+]
GDP From Manufacturing 564982.40 555288.00 564982.40 371813.30 IDR Billion [+]
GDP From Mining 198663.50 199888.90 205685.00 171254.70 IDR Billion [+]
GDP From Services 51156.00 49676.80 51156.00 23736.80 IDR Billion [+]
GDP From Utilities 36954.00 36514.80 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 October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
5.05 5.07 7.16 1.56 2000 - 2019 percent Quarterly




Country Last Previous
China 6.00 Sep/19
Indonesia 5.05 Jun/19
India 5.00 Jun/19
United States 2.30 Jun/19
South Korea 2.00 Jun/19
Spain 2.00 Jun/19
Netherlands 1.80 Jun/19
Canada 1.60 Jun/19
Australia 1.40 Jun/19
France 1.40 Jun/19
United Kingdom 1.30 Jun/19
Euro Area 1.20 Jun/19
Brazil 1.00 Jun/19
Japan 1.00 Jun/19
Russia 0.90 Jun/19
South Africa 0.90 Jun/19
Argentina 0.60 Jun/19
Saudi Arabia 0.50 Jun/19
Germany 0.40 Jun/19
Switzerland 0.20 Jun/19
Singapore 0.10 Sep/19
Italy -0.10 Jun/19
Mexico -0.80 Jun/19
Turkey -1.50 Jun/19


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