Indonesia GDP Annual Growth Rate  2000-2018 | Data | Chart | Calendar

The Indonesian economy advanced 5.27 percent year-on-year in the second quarter of 2018, beating market consensus of 5.16 percent and following a 5.06 percent growth in the previous period. It was the strongest pace of expansion since the last quarter of 2013, driven by faster rises in private consumption and government spending while fixed investment grew firmly. GDP Annual Growth Rate in Indonesia averaged 5.28 percent from 2000 until 2018, reaching an all time high of 7.16 percent in the fourth quarter of 2004 and a record low of 1.56 percent in the fourth quarter of 2001.

Indonesia GDP Annual Growth Rate
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Indonesia Q2 GDP Growth Strongest in 4-1/2 Years


The Indonesian economy advanced 5.27 percent year-on-year in the second quarter of 2018, beating market consensus of 5.16 percent and following a 5.06 percent growth in the previous period. It was the strongest pace of expansion since the last quarter of 2013, driven by faster rises in private consumption and government spending while fixed investment grew firmly.

On the expenditure side, household consumption rose 5.14 percent in the second quarter, after a 4.95 percent increase in the previous period; and government spending climbed 5.26 percent, compared with a 2.74 percent advance in Q1. Meantime, fixed-investment went up 5.87 percent, easing from a 7.95 percent jump in the March quarter. Net external demand contributed negatively to GDP growth, as exports increased by 7.70 percent (vs 6.09 percent in Q1) while imports went up at a faster 15.17 percent (vs 12.66 percent in Q1). 

On the production side, output growth accelerated for: agriculture (4.76 percent vs 3.29 percent); mining and quarrying (2.21 percent vs 0.74 percent); electricity and gas (7.56 percent vs 3.31 percent);  water and waste management (3.94 percent vs 3.59 percent); wholesale and retail trade (5.24 percent vs 4.93 percent); accommodation & food and beverages (5.75 percent vs 5.45 percent); business services (8.89 percent vs 8.04 percent); public administration, defense and social security (7.20 percent vs 5.79 percent); education (4.94 percent vs 4.83 percent); health and social services (7.07 percent vs 6.06 percet); and other services (9.22 percent vs 8.42 percent). In addition, output continued to grow firmly for: manufacturing (3.97 percent vs 4.56 percent); construction (5.73 percent vs 7.35 percent); transportation (8.59 percent, the same as in Q1); information and communication (6.06 percent vs 8.52 percent); financial and insurance servives (3.02 percent vs 4.33 percent); and real estate (3.11 percent vs 3.23 percent).

On a quarterly basis, the economy expanded 4.21 percent in the three months to June, also beating market expectations of 4.08 percent and recovering from a 0.42 percent contraction in the previous period. It is the first quarterly growth since the third quarter of 2017 and the fastest on record, helped by seasonal spending during the Muslim fasting month and holiday festivities.

For 2018, the government still expects the economy to grow by 5.4 percent though officials have said the latest outlook is 5.2 percent. The central bank's 2018 forecast is between 5.1-5.2 percent.


Statistics Indonesia | Rida | rida@tradingeconomics.com
8/6/2018 9:29:15 AM


Recent Releases

Indonesia GDP Growth Slows to 5.06% in Q1
The Indonesian economy expanded by 5.06 percent year-on-year in the first quarter of 2018, following a 5.19 percent growth in the previous period and missing market expectations of 5.18 percent. Both exports and government spending increased at a slower pace while household consumption growth was almost unchanged and fixed investment rose further.
Published on 2018-05-07

Indonesian Economy Grows the Most in 4 Years
The Indonesian economy expanded by 5.19 percent year-on-year in the fourth quarter of 2017, following a 5.06 percent growth in the previous period and beating market expectations of 5.12 percent. It was the strongest pace of expansion since the fourth quarter of 2013, mainly driven by fixed investment and private consumption.
Published on 2018-02-05

Indonesia Q3 GDP Annual Growth Rate Below Expectations
The Indonesian economy advanced 5.06 percent year-on-year in the third quarter of 2017, following a 5.01 percent growth in the previous two periods but missing market expectations of 5.13 percent. The expansion was driven by a rebound in government spending while fixed investment and private consumption continued to increase firmly and net trade contributed positively to growth.
Published on 2017-11-06

Indonesia GDP Grows 5.01% in Q2, Less Than Expected
The Indonesian economy expanded 5.01 percent year-on-year in the second quarter of 2017, the same pace as in the previous period and below market expectations of 5.10 percent. Growth was driven by private consumption and fixed investment while exports rose at a slower pace and government spending fell. On a quarterly basis, the economy expanded by 4.00 percent in Q2.
Published on 2017-08-08



Calendar GMT Actual Previous Consensus TEForecast
2018-02-05 04:00 AM Full Year GDP Growth 5.07% 5.03% 5.06% 5.1%
2018-05-07 04:00 AM GDP Growth Rate YoY 5.06% 5.19% 5.18% 5.2%
2018-08-06 04:00 AM GDP Growth Rate YoY 5.27% 5.06% 5.16% 5.2%
2018-11-05 04:00 AM GDP Growth Rate YoY 5.27% 5%


Indonesia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 4.21 -0.41 4.21 -3.57 percent [+]
GDP Annual Growth Rate 5.27 5.06 7.16 1.56 percent [+]
GDP 1015.54 932.26 1015.54 5.67 USD Billion [+]
GDP Constant Prices 2603700.00 2498600.00 2603700.00 340865.20 IDR Billion [+]
Gross Fixed Capital Formation 828544.11 820589.64 862473.94 63970.10 IDR Billion [+]
GDP per capita 4130.66 3974.70 4130.66 656.70 USD [+]
GDP per capita PPP 11188.74 10766.40 11188.74 4625.40 USD [+]
GDP From Agriculture 84110.00 84577.50 88067.70 37282.50 IDR Billion [+]
GDP From Construction 253443.60 251075.10 263181.70 149919.00 IDR Billion [+]
GDP From Manufacturing 546090.80 534150.70 546090.80 371813.30 IDR Billion [+]
GDP From Mining 199227.90 194889.10 205685.00 171254.70 IDR Billion [+]
GDP From Services 46530.70 45012.80 46530.70 23736.80 IDR Billion [+]
GDP From Utilities 35639.30 34149.20 35639.30 14032.20 IDR Billion [+]


Indonesia GDP Annual Growth Rate

Indonesia is the largest economy in South East Asia. Industry accounts for the largest share of GDP (46.5 percent of total GDP). Within industry, the most important is manufacturing, which has been one of the main growth engines (24 percent of total output). Mining and quarrying accounts for 12 percent, construction for 10 percent and electricity, gas and water supply for 0.75 percent. Services constitute 38 percent of total GDP. Within services, the most important are: trade, hotel and restaurants (around 14 percent of GDP); transport and communication (7 percent of GDP); finance, real estate and business services (7 percent of GDP) and government services (6 percent). Agriculture accounts for the remaining 15 percent. This page provides - Indonesia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Indonesia GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on September of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
5.27 5.06 7.16 1.56 2000 - 2018 percent Quarterly




GDP annual growth rate by Country
Country Last
India 8.20 Jun/18
China 6.70 Jun/18
Indonesia 5.27 Jun/18
Turkey 5.20 Jun/18
Singapore 3.90 Jun/18
Argentina 3.60 Mar/18
Australia 3.40 Jun/18
Switzerland 3.40 Jun/18
Netherlands 2.90 Jun/18
United States 2.90 Jun/18
South Korea 2.80 Jun/18
Spain 2.70 Jun/18
Mexico 2.60 Jun/18
Euro Area 2.10 Jun/18
Germany 2.00 Jun/18
Canada 1.90 Jun/18
Russia 1.90 Jun/18
France 1.70 Jun/18
United Kingdom 1.30 Jun/18
Italy 1.20 Jun/18
Saudi Arabia 1.15 Mar/18
Brazil 1.00 Jun/18
Japan 1.00 Jun/18
South Africa 0.40 Jun/18


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