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.

Indonesia GDP Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-11-05 04:00 AM GDP Growth Rate QoQ Q3 3.09% 4.21% 3.07% 3.5%
2019-02-06 04:00 AM GDP Growth Rate QoQ Q4 -1.69% 3.09% -1.75% -1.4%
2019-05-06 04:00 AM GDP Growth Rate QoQ Q1 -0.52% -1.69% -0.4% -0.3%
2019-08-05 04:00 AM GDP Growth Rate QoQ Q2 4.20% -0.52% 4.2% 3.9%
2019-11-05 04:00 AM GDP Growth Rate QoQ Q3 4.20% 2.6%



Indonesia Economy Grows 4.2% QoQ in Q2

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.

On the expenditure side, private consumption grew sharply (1.73 percent vs 0.05 percent in Q1) and rebounds were seen in fixed investment (0.94 percent vs -5.74 percent) and government spending (36.28 percent vs -45.78 percent). Meantime, net external demand contributed negatively to the GDP, amid a recovery in imports (1.16 percent vs -16.99 percent) and a further drop in exports (-0.79 percent vs -6.84 percent).
On the production side, output growth was mainly supported by: electricity and gas (1.19 percent vs -3.70 percent); construction (0.75 percent vs -4.30 percent); transportation and storage (3.66 percent vs -0.56 percent); public administration (3.76 percent vs -9.54 percent); education (3.90 percent vs -10.80 percent); healthcare services and social activities (2.01 percent vs -1.28 percent); manufacturing (1.75 percent vs 0.37 percent); wholesale and retail trade (2.50 percent vs 1.27 percent); accommodation and food service (1.55 percent vs 0.68 percent); business services (2.98 percent vs 2.44 percent); and other services (4.0 percent vs 2.21 percent). Meanwhile, GDP growth advanced at a slower rate for: agriculture, forestry and fishing (13.80 percent vs 14.11 percent); information and communication (2.43 percent vs 2.80 percent); and real estate (1.19 percent vs 2.49 percent). At the same time, there was a contraction in mining and quarrying (-0.61 percent vs -0.24 percent) and financial services and insurance (-1.81 percent vs 3.32 percent).
Year-on-year, the economy advanced 5.05 percent in the second quarter, the weakest in two years. following a 5.07 percent growth in the first quarter and also in line with estimates.


Statistics Indonesia | Rida Husna | rida@tradingeconomics.com
8/5/2019 3:27:39 PM



Indonesia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 4.20 -0.52 4.21 -3.57 percent [+]
GDP Annual Growth Rate 5.05 5.07 7.16 1.56 percent [+]
GDP 1042.17 1015.42 1042.17 5.67 USD Billion [+]
GDP Constant Prices 2735191.60 2625053.00 2735191.60 340865.20 IDR Billion [+]
Gross Fixed Capital Formation 869895.72 861834.53 914309.16 63970.10 IDR Billion [+]
GDP per capita 4284.70 4120.40 4284.70 657.00 USD [+]
GDP per capita PPP 11605.90 11161.00 11605.90 4626.00 USD [+]
GDP From Agriculture 88693.90 80057.90 88693.90 37282.50 IDR Billion [+]
GDP From Construction 267906.20 265916.20 277871.90 149919.00 IDR Billion [+]
GDP From Manufacturing 564982.40 555288.00 564982.40 371813.30 IDR Billion [+]
GDP From Mining 198663.50 199888.90 205685.00 171254.70 IDR Billion [+]
GDP From Services 51156.00 49676.80 51156.00 23736.80 IDR Billion [+]
GDP From Utilities 36954.00 36514.80 37882.20 14032.20 IDR Billion [+]


Indonesia GDP Growth Rate

Indonesian economy is the largest in South East Asia. The country has been growing steady in the last few years mostly due to high domestic consumption and growth in exports of manufactured products and commodities. This page provides - Indonesia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Indonesia GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
4.20 -0.52 4.21 -3.57 2005 - 2019 percent Quarterly




Country Last Previous
Indonesia 4.20 Jun/19
South Africa 3.10 Jun/19
United States 2.00 Jun/19
China 1.60 Jun/19
Turkey 1.20 Jun/19
India 1.00 Jun/19
South Korea 1.00 Jun/19
Canada 0.90 Jun/19
Australia 0.50 Jun/19
Netherlands 0.50 Jun/19
Spain 0.50 Jun/19
Brazil 0.40 Jun/19
France 0.30 Jun/19
Japan 0.30 Jun/19
Switzerland 0.30 Jun/19
Euro Area 0.20 Jun/19
Italy 0.00 Jun/19
Mexico 0.00 Jun/19
Saudi Arabia 0.00 Mar/19
Germany -0.10 Jun/19
United Kingdom -0.20 Jun/19
Argentina -0.30 Jun/19
Russia -0.40 Mar/19
Singapore -3.30 Jun/19


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