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.

Indonesia GDP Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-06 04:00 AM GDP Growth Rate QoQ 4.21% -0.41% 4.08% 2.4%
2018-11-05 04:00 AM GDP Growth Rate QoQ 3.09% 4.21% 3.07% 3.5%
2019-02-06 04:00 AM GDP Growth Rate QoQ -1.69% 3.09% -1.75% -1.4%
2019-05-06 04:00 AM GDP Growth Rate QoQ -0.52% -1.69% -0.4% -0.3%
2019-08-05 04:00 AM GDP Growth Rate QoQ -0.52% 3.3%
2019-11-05 04:00 AM GDP Growth Rate QoQ 2.6%



Indonesian Economy Contracts 0.52% QoQ in Q1

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.

On the expenditure side, private consumption remained subdued (0.04 percent vs 0.09 percent in Q4), while fixed investment contracted sharply (-5.74 percent vs 3.80 percent) and government spending slumped (-45.78 percent vs 37.72 percent). Meantime, net external demand contributed positively to the GDP as imports plunged 17.34 percent (vs 2.96 percent in Q4), much more than a 7.04 percent drop in exports (vs -2.22 percent in Q4).

On the production side, activity contracted for: mining and quarrying (-0.25 percent vs -0.16 percent); electricity and gas (-3.70 percent vs 1.46 percent); water supply, sewerage, waste management and remediation activities (-0.15 percent vs 3.53 percent); construction (-4.30 percent vs 4.60 percent); transportation and storage (-0.56 percent vs 0.2 percent); public administration (-9.49 percent vs 12.47 percent); education services (-10.78 percent vs 11.45 percent); and healthcare and social activities (-1.26 percent vs 5.98 percent). By contrast, output grew the most for agriculture, forestry and fishing (14.10 percent vs -21.41 percent), followed by financial services & insurance (3.33 percent vs -0.02 percent); information and communication (2.77 percent vs 0.40 percent); real estate activities (2.52 percent vs 0.91 percent), business activities (2.44 percent vs 1.76 percent); wholesale and retail trade (1.27 percent vs -2.18 percent); accommodation and food service (0.68 percent vs 1.51 percent); and manufacturing (0.37 percent vs -1.16 percent).


Statistics Indonesia | Rida Husna | rida@tradingeconomics.com
5/6/2019 10:12:09 AM



Indonesia GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.52 -1.69 4.21 -3.57 percent [+]
GDP Annual Growth Rate 5.07 5.18 7.16 1.56 percent [+]
GDP 1042.17 1015.42 1042.17 5.67 USD Billion [+]
GDP Constant Prices 2625042.10 2638894.30 2684185.60 340865.20 IDR Billion [+]
Gross Fixed Capital Formation 861834.53 914309.16 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 80035.80 46173.20 88106.50 37282.50 IDR Billion [+]
GDP From Construction 265916.20 277871.90 277871.90 149919.00 IDR Billion [+]
GDP From Manufacturing 555287.70 553239.30 559726.80 371813.30 IDR Billion [+]
GDP From Mining 199882.80 200377.20 205685.00 171254.70 IDR Billion [+]
GDP From Services 49676.80 48493.30 49676.80 23736.80 IDR Billion [+]
GDP From Utilities 36514.80 37882.20 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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-0.52 -1.69 4.21 -3.57 2005 - 2019 percent Quarterly




Country Last Previous
United States 3.10 Mar/19
China 1.60 Jun/19
India 1.60 Dec/18
Turkey 1.30 Mar/19
Saudi Arabia 1.07 Dec/18
Spain 0.70 Mar/19
Japan 0.60 Mar/19
Switzerland 0.60 Mar/19
Netherlands 0.50 Mar/19
United Kingdom 0.50 Mar/19
Australia 0.40 Mar/19
Euro Area 0.40 Mar/19
Germany 0.40 Mar/19
France 0.30 Mar/19
Canada 0.10 Mar/19
Italy 0.10 Mar/19
Argentina -0.20 Mar/19
Brazil -0.20 Mar/19
Mexico -0.20 Mar/19
Russia -0.40 Mar/19
South Korea -0.40 Mar/19
Indonesia -0.52 Mar/19
South Africa -3.20 Mar/19
Singapore -3.40 Jun/19


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