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.