Indonesia's economy advanced by 5.44% yoy in Q2 of 2022, following a 5.01% gain in the previous quarter and beating market consensus of a 5.17% gain. The latest reading marked the fifth straight quarter of annual expansion, and the strongest growth since Q2 of 2021, as consumption strengthened due to further loosening of COVID-19 curbs, amid rising exports boosted by higher commodity prices. Household consumption rose faster (5.51% vs 4.34% in Q1), while external demand contributed positively to the GDP, with exports growing by 19.74% (vs 16.69% in Q1) and imports rising 12.34% (vs 15.87%). Meantime, fixed investment grew further (3.07% vs 4.09%). Meanwhile, government spending shrank less (-5.24% vs -7.59%). On the production side, output expanded more for communication (8.05% vs 7.16%), mining and quarrying (4.01% vs 3.82%), transportation and warehouse (21.27% vs 15.79%), agriculture (1.37% vs 1.19%), and accommodation services (9.76% vs 6.56%). source: Statistics Indonesia

GDP Annual Growth Rate in Indonesia averaged 4.86 percent from 2000 until 2022, 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 October of 2022.

GDP Annual Growth Rate in Indonesia is expected to be 3.10 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 5.30 percent in 2023 and 5.70 percent in 2024, according to our econometric models.

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Indonesia GDP Annual Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-05-09 04:00 AM Q1 5.01% 5.02% 5% 4.9%
2022-08-05 02:00 AM Q2 5.44% 5.01% 5.17% 4.7%
2022-11-04 02:00 AM Q3 5.44%


Related Last Previous Unit Reference
GDP Growth Rate 3.72 -0.95 percent Jun 2022
GDP Annual Growth Rate 5.44 5.01 percent Jun 2022
GDP Constant Prices 2923675.30 2818579.00 IDR Billion Jun 2022
Gross National Product 701250.16 714387.33 IDR Billion Dec 2014
Gross Fixed Capital Formation 876855.97 910202.33 IDR Billion Jun 2022
Full Year GDP Growth 3.69 -2.07 percent Dec 2021
GDP from Utilities 42522.90 41937.40 IDR Billion Jun 2022
GDP from Services 53355.70 52092.40 IDR Billion Jun 2022
GDP from Mining 211507.10 204232.40 IDR Billion Jun 2022
GDP from Manufacturing 587497.60 587265.50 IDR Billion Jun 2022
GDP from Construction 267374.40 284580.70 IDR Billion Jun 2022
GDP from Agriculture 90067.20 80365.00 IDR Billion Jun 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
5.44 5.01 7.16 -5.32 2000 - 2022 percent Quarterly

News Stream
Indonesia Q2 GDP Annual Growth Strongest in a Year
Indonesia's economy advanced by 5.44% yoy in Q2 of 2022, following a 5.01% gain in the previous quarter and beating market consensus of a 5.17% gain. The latest reading marked the fifth straight quarter of annual expansion, and the strongest growth since Q2 of 2021, as consumption strengthened due to further loosening of COVID-19 curbs, amid rising exports boosted by higher commodity prices. Household consumption rose faster (5.51% vs 4.34% in Q1), while external demand contributed positively to the GDP, with exports growing by 19.74% (vs 16.69% in Q1) and imports rising 12.34% (vs 15.87%). Meantime, fixed investment grew further (3.07% vs 4.09%). Meanwhile, government spending shrank less (-5.24% vs -7.59%). On the production side, output expanded more for communication (8.05% vs 7.16%), mining and quarrying (4.01% vs 3.82%), transportation and warehouse (21.27% vs 15.79%), agriculture (1.37% vs 1.19%), and accommodation services (9.76% vs 6.56%).
2022-08-05
Indonesia GDP Grows 5.01% YoY in Q1
Indonesia's economy expanded by 5.01% yoy in Q1 of 2022, following a 5.02% growth in the previous quarter and compared with market consensus of a 5% rise. The latest reading marked the fourth straight quarter of annual expansion, amid further easing of COVID-19 curbs and rising vaccinations. There were rises in both household consumption (4.34% vs 3.55% in Q4) and fixed investment (4.09% vs 4.49%). Also, external demand contributed positively to the GDP, with exports rising by 16.22% (vs 29.83% in Q4) and imports growing 15.03% (vs 29.60%). By contrast, government spending contracted by 7.74%, after increasing 5.25% in Q4. On the production side, output expanded further for manufacturing (5.07% vs 4.92%), construction (4.83% vs 3.91%), wholesale trade, retail (5.71% vs 5.56%), communication (7.14% vs 6.21%), mining and quarrying (3.82% vs 5.15%) and transportation and warehouse (15.79% vs 7.93%).
2022-05-09
Indonesia Q4 GDP Annual Growth Beats Estimates
Indonesia's economy expanded by 5.02% yoy in Q4 of 2021, accelerating from a 3.51% growth in the previous quarter and surpassing market consensus of a 4.9% rise, lifted by a further easing of COVID-19 curbs and rising vaccinations. There was a pickup in both household consumption (3.55% vs 1.02% in Q3) and government spending (5.25% vs 0.62%) while fixed investment grew solidly (4.49% vs 3.76%). In addition, external demand contributed positively to the GDP, with exports rising by 29.83% (vs 29.16% in Q3) and imports growing 29.60% (vs 29.95%). On the production side, output advanced faster for manufacturing (4.92% vs 3.68%), construction (3.91% vs 3.84%), wholesale trade, retail (5.56% vs 5.15%), communication (6.21% vs 5.54%) on the back of a sharp rebound in the output of both accommodation and food services (4.95% vs -0.14%) and transportation and warehouse (7.93% vs -0.72%). For the 2021 full year, the economy advanced 3.69%, recovering sharply from a 2.07% contraction in 2020.
2022-02-07