Indonesia's economy expanded by 0.36% qoq in Q4 of 2022, above the market consensus of 0.33% and after a marginally revised 1.83% increase in Q3. This was the third consecutive period of growth but the lowest in the sequence, amid moderation in fixed investment (3.31% vs 6.53% in Q3). Net trade also contributed negatively, with exports down 0.25% and imports shrinking at a faster 2.53%, due to a slowdown in China, Indonesia's main trading partner. Meanwhile, private consumption bounced back (2.12% vs -0.3%) despite rising cost pressures and high-interest rates, and government spending picked up (30.13% vs 10.71%). On the production side, output slowed for mining (2.28% vs 3.4%), manufacturing (1.6% vs 3.16%), and construction (4.57% vs 4.73%). At the same time, activity shrank for agriculture & forestry (-17.4% vs 2.18%) and utilities (-0.78% vs 1.89%). For the full year, the economy grew 5.31%, the most in nine years, boosted by pandemic measures removal and robust exports. source: Statistics Indonesia

GDP Growth Rate in Indonesia averaged 1.25 percent from 2005 until 2022, reaching an all time high of 5.05 percent in the third quarter of 2020 and a record low of -4.19 percent in the second quarter of 2020. This page provides - Indonesia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Indonesia GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on March of 2023.

GDP Growth Rate in Indonesia is expected to be -0.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Indonesia GDP Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-11-07 04:00 AM Q3 1.81% 3.72% 1.62% 1.8%
2023-02-06 04:00 AM Q4 0.36% 1.83% 0.33% 0.4%
2023-05-05 04:00 AM Q1 0.36% -0.7%


Related Last Previous Unit Reference
GDP Growth Rate 0.36 1.83 percent Dec 2022
GDP Annual Growth Rate 5.01 5.73 percent Dec 2022
GDP Constant Prices 2988636.50 2843000.00 IDR Billion Dec 2022
Gross National Product 701250.16 714387.33 IDR Billion Dec 2014
Gross Fixed Capital Formation 965190.60 934099.95 IDR Billion Dec 2022
Full Year GDP Growth 5.31 3.70 percent Dec 2022
GDP from Utilities 43851.40 43969.70 IDR Billion Dec 2022
GDP from Services 55501.30 53449.60 IDR Billion Dec 2022
GDP from Mining 223698.50 218708.60 IDR Billion Dec 2022
GDP from Manufacturing 615758.30 606081.60 IDR Billion Dec 2022
GDP from Construction 292776.20 279993.90 IDR Billion Dec 2022
GDP from Agriculture 51890.30 73197.60 IDR Billion Dec 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
0.36 1.83 5.05 -4.19 2005 - 2022 percent Quarterly

News Stream
Indonesia Economy Expands 0.36% QoQ in Q4
Indonesia's economy expanded by 0.36% qoq in Q4 of 2022, above the market consensus of 0.33% and after a marginally revised 1.83% increase in Q3. This was the third consecutive period of growth but the lowest in the sequence, amid moderation in fixed investment (3.31% vs 6.53% in Q3). Net trade also contributed negatively, with exports down 0.25% and imports shrinking at a faster 2.53%, due to a slowdown in China, Indonesia's main trading partner. Meanwhile, private consumption bounced back (2.12% vs -0.3%) despite rising cost pressures and high-interest rates, and government spending picked up (30.13% vs 10.71%). On the production side, output slowed for mining (2.28% vs 3.4%), manufacturing (1.6% vs 3.16%), and construction (4.57% vs 4.73%). At the same time, activity shrank for agriculture & forestry (-17.4% vs 2.18%) and utilities (-0.78% vs 1.89%). For the full year, the economy grew 5.31%, the most in nine years, boosted by pandemic measures removal and robust exports.
2023-02-06
Indonesia Economy Expands 1.81% QoQ in Q3
Indonesia's economy grew by 1.81% qoq in Q3 of 2022, beating market consensus of a 1.62% rise but easing from a 3.72% increase in Q2 which was the steepest quarterly growth since Q3 of 2020. The latest print reflected the impact of rising inflation, high interest rates, and a slowdown in China. Government spending moderated sharply (11.22% vs 31.60% in Q2) while private consumption fell after a steep fuel price hike in September (-0.3% vs 2.42). Meantime, fixed investment bounced back (6.53% vs -3.66%), amid a strong contribution from net trade with exports growing 10.08% while imports rose 7.86%. On the production side, output slowed for agriculture and forestry (2.20% vs 13.13%), mining (3.4% vs 3.56%), transport & warehouse (2.32% vs 6.78%), food & beverages (1.19% vs 4.94%), and education (0.67% vs 7.46%). On the other hand, activity shrank for finance & insurance (-1.85% vs 0.02%), state administration, defense (-5.15% vs 9.40%, and other services (-1.34% vs 1.14%).
2022-11-07
Indonesia Q2 Quarterly GDP Rebounds Strongly
Indonesia's economy grew by 3.72% qoq in Q2 of 2022, beating market consensus of a 3.44% rise and shifting from a marginally revised 0.9% fall in Q1. The rebound was the strongest quarterly GDP growth since Q3 2020, with Ramadan and Eid-ul Fitr festivals giving further boost after more easing in pandemic curbs. Government spending bounced back sharply (32% vs -50.46% in Q1), amid an acceleration in private consumption (2.42% vs 0.19%). Also external demand contributed positively, as exports (9.14% vs -2.79%) rose much faster than imports (3.14% vs -3.93%). In contrast, fixed investment shrank further (-3.66% vs -2.56%). On the production side, an upturn in activity was seen for mining (3.56% vs -2.81% in Q1), education (7.43% vs -15.04%), food & accommodation (4.94% vs -0.28%), and healthcare (5.61% vs -16.54%). In addition, output quickened for agriculture (13.15% vs 9.14%), utilities (0.94% vs 0.26%), wholesale & retail trade (2.17% vs 1.19%), and transport (6.78% vs 0.8%).
2022-08-05