Indonesia's economy expanded by 5.01% yoy in Q1 of 2022, following a 5.02% growth in the previous quarter and compared with market consensus of a 5% rise. The latest reading marked the fourth straight quarter of annual expansion, amid further easing of COVID-19 curbs and rising vaccinations. There were rises in both household consumption (4.34% vs 3.55% in Q4) and fixed investment (4.09% vs 4.49%). Also, external demand contributed positively to the GDP, with exports rising by 16.22% (vs 29.83% in Q4) and imports growing 15.03% (vs 29.60%). By contrast, government spending contracted by 7.74%, after increasing 5.25% in Q4. On the production side, output expanded further for manufacturing (5.07% vs 4.92%), construction (4.83% vs 3.91%), wholesale trade, retail (5.71% vs 5.56%), communication (7.14% vs 6.21%), mining and quarrying (3.82% vs 5.15%) and transportation and warehouse (15.79% vs 7.93%). source: Statistics Indonesia
GDP Annual Growth Rate in Indonesia averaged 4.86 percent from 2000 until 2022, 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 June of 2022.
GDP Annual Growth Rate in Indonesia is expected to be 3.60 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 5.30 percent in 2023 and 5.70 percent in 2024, according to our econometric models.