Indonesia's gross domestic product expanded 4.2 percent quarter-on-quarter in the three months to June 2019, rebounding sharply from a 0.52 percent contraction in the previous period and matching market expectations. This was the first quarterly growth in three quarters and the strongest in a year, as private consumption and fixed investment rose sharply on the back of fasting month of Ramadan and Eid-ul Fitr celebration. GDP Growth Rate in Indonesia averaged 1.39 percent from 2005 until 2019, reaching an all time high of 4.21 percent in the second quarter of 2018 and a record low of -3.57 percent in the fourth quarter of 2008.
GDP Growth Rate in Indonesia is expected to be 2.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Indonesia to stand at 3.60 in 12 months time. In the long-term, the Indonesia GDP Growth Rate is projected to trend around -1.30 percent in 2020, according to our econometric models.