Indonesia's economy advanced 3.31% qoq in Q2 2021, above market consensus of 2.94% growth and after a downwardly revised 0.92% fall in Q1. This was the first quarterly growth since Q3 2020, boosted by Eid-ul Fitr celebrations and an acceleration in COVID-19 vaccinations, with both household consumption (1.27% vs -0.58 in Q1) and government spending (29.07% vs -43.69%) rebounding. Also, external demand contributed positively, as exports rose 6.58% (vs 8.21% in Q1) while imports grew 5.81% (vs 6.16%). Meantime, fixed-investment fell further (-2.69% vs 2.21%). On the production side, activity rebounded in mining (3.37% vs -1.56%), transport (1.96% vs -6.05%), insurance & finance (0.17% vs -0.17%), and health (3.56% vs -10.37%). Also, output grew faster for agriculture (12.93% vs 10.22%), manufacturing (1.07% vs 0.61%), and wholesale trade (3.36% vs 1.07% vs -0.87%). In contrast, activity shrank for electricity (-1.17% vs 0.98%), and construction (-2.51% vs -2.1%). source: Statistics Indonesia
GDP Growth Rate in Indonesia averaged 1.25 percent from 2005 until 2021, reaching an all time high of 5.05 percent in the third quarter of 2020 and a record low of -4.19 percent in the second quarter of 2020. This page provides - Indonesia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Indonesia GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.
GDP Growth Rate in Indonesia is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Indonesia GDP Growth Rate is projected to trend around -1.60 percent in 2022 and -1.30 percent in 2023, according to our econometric models.