Indonesia's annual economic growth eased to 5.07 percent in the first quarter of 2019 from 5.18 percent in the previous three-month period and below market consensus of 5.18 percent. This was the weakest growth rate in one year, as both private consumption and fixed investment rose at softer pace. For 2019, the government is targeting economic growth at 5.3 percent, while the central bank has forecast a range of 5.0-5.4 percent. 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 4.90 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 5.00 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.