Indonesia's gross domestic product grew 3.06 percent quarter-on-quarter in the three months to September 2019, compared to market expectations of 3.05 percent and following a 4.20 percent expansion in the previous period. Growth was supported by private consumption, fixed investment and exports. GDP Growth Rate in Indonesia averaged 1.42 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. source: Statistics Indonesia
GDP Growth Rate in Indonesia is expected to be -1.90 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 2.80 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.