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.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Indonesia GDP Annual Growth Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-08-05 04:00 AM YoY Q2 7.07% -0.71% 6.57% 6.5%
2021-11-05 02:00 AM YoY Q3 3.51% 7.07% 3.76% 4.3%
2022-02-04 02:00 AM Full Year GDP Growth 2022


Related Last Previous Unit Reference
GDP Growth Rate 1.55 3.31 percent Sep/21
GDP Annual Growth Rate 3.51 7.07 percent Sep/21
GDP Constant Prices 2815928.60 2772832.00 IDR Billion Sep/21
Gross National Product 701250.16 714387.33 IDR Billion Dec/14
Gross Fixed Capital Formation 890226.39 850840.80 IDR Billion Sep/21
GDP From Utilities 39731.60 38622.60 IDR Billion Sep/21
GDP From Services 48242.20 49438.40 IDR Billion Sep/21
GDP From Mining 211889.90 203356.10 IDR Billion Sep/21
GDP From Manufacturing 578167.10 564865.50 IDR Billion Sep/21
GDP From Construction 278240.80 264663.70 IDR Billion Sep/21
GDP From Agriculture 79372.30 88881.60 IDR Billion Sep/21

News Stream
Indonesia Q3 GDP Growth Below Estimates
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%.
2021-11-05
Indonesia Q2 GDP Growth Highest in Over 16 Years
Indonesia's economy expanded by 7.07% in the second quarter of 2021, rebounding sharply from a marginally revised 0.71% contraction in the previous quarter, and beating market consensus a 6.57% growth. It was the first time expansion in the economy in five quarters and the strongest pace since Q4 of 2004, due to a low base effect from last year. Both household consumption (5.93% vs -2.22% in Q1) and fixed investment (7.54% (vs -0.23%) rebounded while external demand contributed positively to the GDP, as exports jumped by 31.78%, while imports rose at a softer 31.22%. Meanwhile, government spending expanded faster (8.06% (vs 2.34%). On the production side, output grew mainly for transportation and warehouse (25.10%), accommodation and food services (21.58%), mining (5.22%), manufacturing (6.58%), construction (4.42%), wholesale trade, retail (9.44%), communication (6.87%). For the first half of the year, the GDP advanced 3.10% from a year earlier.
2021-08-05
Indonesia Q1 GDP Contracts 0.74% YoY, Matches Estimates
Indonesia's economy shrank by 0.74% in the first quarter of 2021, matching market consensus and after a 2.19% fall in the previous period. It was the fourth straight quarter of decline in the economy and the weakest pace in the current sequence, amid the coronavirus pandemic. Both household consumption (-2.23% vs -3.61% in Q4) and fixed investment (-0.23% (vs -6.15%) declined less while external demand contributed positively to the GDP, as exports grew by 6.74 percent, while imports rose at a softer 5.27. Meanwhile, government spending expanded faster (2.96% (vs 1.76% in Q4). On the production side, output contracted mainly for transportation and warehouse (-13.12% vs -13.42%), accommodation and food services (-7.26%), mining (-2.02% vs -1.20%), manufacturing (-1.38% vs -3.14%), construction (-0.79% vs -5.67%), wholesale trade, retail (-1.234% vs -3.64%). Conversely, output grew for communication (8.72% vs 10.91%).
2021-05-05

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.