Indonesia's gross domestic product shrank 0.52 percent quarter-on-quarter in the three months to March 2019, worse than market expectations of a 0.4 percent fall and following a 1.69 percent contraction in the previous period. Private consumption remained sluggish, while there were sharp declines in both fixed investment and government spending. GDP Growth Rate in Indonesia averaged 1.35 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 3.40 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 -0.80 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.