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. source: Statistics Indonesia
GDP Annual Growth Rate in Indonesia averaged 4.87 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 September of 2021.
GDP Annual Growth Rate in Indonesia is expected to be 4.30 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.