Indonesia's economy advanced by 5.44% yoy in Q2 of 2022, following a 5.01% gain in the previous quarter and beating market consensus of a 5.17% gain. The latest reading marked the fifth straight quarter of annual expansion, and the strongest growth since Q2 of 2021, as consumption strengthened due to further loosening of COVID-19 curbs, amid rising exports boosted by higher commodity prices. Household consumption rose faster (5.51% vs 4.34% in Q1), while external demand contributed positively to the GDP, with exports growing by 19.74% (vs 16.69% in Q1) and imports rising 12.34% (vs 15.87%). Meantime, fixed investment grew further (3.07% vs 4.09%). Meanwhile, government spending shrank less (-5.24% vs -7.59%). On the production side, output expanded more for communication (8.05% vs 7.16%), mining and quarrying (4.01% vs 3.82%), transportation and warehouse (21.27% vs 15.79%), agriculture (1.37% vs 1.19%), and accommodation services (9.76% vs 6.56%). source: Statistics Indonesia
GDP Annual Growth Rate in Indonesia averaged 4.86 percent from 2000 until 2022, reaching an all time high of 7.16 percent in the fourth quarter of 2004 and a record low of -5.32 percent in the second quarter of 2020. This page provides - Indonesia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Indonesia GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on August of 2022.
GDP Annual Growth Rate in Indonesia is expected to be 3.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Indonesia GDP Annual Growth Rate is projected to trend around 5.30 percent in 2023 and 5.70 percent in 2024, according to our econometric models.