Indonesia's annual economic growth eased slightly to 5.02 percent in the third quarter of 2019 from 5.05 percent in the previous three-month period and compared to market consensus of 5.01 percent. That was the weakest pace of expansion since the second quarter of 2017, as investment, household consumption and government spending all rose at a slower pace. GDP Annual Growth Rate in Indonesia averaged 5.27 percent from 2000 until 2019, 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. source: Statistics Indonesia

GDP Annual Growth Rate in Indonesia is expected to be 5.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Indonesia to stand at 5.10 in 12 months time. In the long-term, the Indonesia GDP Annual Growth Rate is projected to trend around 5.30 percent in 2020, according to our econometric models.

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Indonesia GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
5.02 5.05 7.16 1.56 2000 - 2019 percent Quarterly



Calendar GMT Actual Previous Consensus TEForecast
2019-02-06 04:00 AM GDP Growth Rate YoY Q4 5.18% 5.17% 5.11% 5.1%
2019-05-06 04:00 AM GDP Growth Rate YoY Q1 5.07% 5.18% 5.18% 5.1%
2019-08-05 04:00 AM GDP Growth Rate YoY Q2 5.05% 5.07% 5.05% 4.9%
2019-11-05 04:00 AM GDP Growth Rate YoY Q3 5.02% 5.05% 5.01% 5.1%
2020-02-05 04:00 AM Full Year GDP Growth 2019 5%


News Stream
2019-08-05
Indonesia GDP Annual Growth Slows to 2-Year Low
Indonesia's annual economic growth eased slightly to 5.05 percent in the second quarter of 2019 from 5.07 percent in the previous three-month period and matching market consensus. That was the weakest pace of expansion since the second quarter of 2017, as investment growth remained the slowest since early 2017. Considering the first half of the year, the economy expanded 5.06 percent from a year earlier. For 2019, the government is targeting economic growth at 5.2-5.3 percent, while the central bank has forecast 5.2 percent.

2019-05-06
Indonesia Q1 GDP Annual Growth Weakens to 1-Year Low
Indonesia's annual economic growth eased to 5.07 percent in the first quarter of 2019 from 5.18 percent in the previous three-month period and below market consensus of 5.18 percent. This was the weakest growth rate in one year, as both private consumption and fixed investment rose at softer pace. For 2019, the government is targeting economic growth at 5.3 percent, while the central bank has forecast a range of 5.0-5.4 percent.

2019-02-06
Indonesia Q4 GDP Annual Growth Above Expectations
Indonesia's annual economic growth edged up to 5.18 percent in the fourth quarter of 2018 from 5.17 percent in the previous three-month period and slightly above market consensus of 5.11 percent. The expansion was mainly driven by private consumption while both fixed investment and government spending increased at a slower pace. Meantime, net exports contributed negatively to the GDP growth. For 2018 as a whole, the economy grew 5.17 percent, compared to a 5.07 percent expansion in 2017, and marking the fastest growth rate since 2013.


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.

Indonesia GDP Last Previous Highest Lowest Unit
GDP Growth Rate 3.06 4.20 4.21 -3.57 percent [+]
GDP Annual Growth Rate 5.02 5.05 7.16 1.56 percent [+]
GDP 1042.17 1015.42 1042.17 5.67 USD Billion [+]
GDP Constant Prices 2818875.20 2735191.60 2818875.20 340865.20 IDR Billion [+]
Gross Fixed Capital Formation 917892.88 869895.72 917892.88 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 78603.00 88693.90 88693.90 37282.50 IDR Billion [+]
GDP From Construction 280645.20 267906.20 280645.20 149919.00 IDR Billion [+]
GDP From Manufacturing 582944.50 564982.40 582944.50 371813.30 IDR Billion [+]
GDP From Mining 204595.50 198663.50 205685.00 171254.70 IDR Billion [+]
GDP From Services 52525.00 51156.00 52525.00 23736.80 IDR Billion [+]
GDP From Utilities 38412.80 36954.00 38412.80 14032.20 IDR Billion [+]