CSV XML EXCEL. Annual percentage growth rate of GDP at market prices based on constant local currency. Meanwhile, there were rises in both government consumption (37.05 percent vs -0.81 percent) and fixed investment (3.69 percent vs 5.98 percent). Indonesia managed to increase their GDP growth slightly above 5% in 2016–2017. Indonesia's economy shrank 2.41 percent on quarter in the three months to March 2020, the steepest quarterly contraction since the last quarter of 2009 and compared to market consensus of a 1.27 percent slump. Additional reporting by Jessica Damiana; Writing by Gayatri Suroyo; Editing by Jacqueline WongFILE PHOTO: General view of a business district during sunset in Jakarta, Indonesia, November 5, 2019. Chinese tourists represent some 13% of total visitors to Indonesia and the country is also the biggest buyer of Indonesian goods, with any deceleration in China’s growth likely to affect commodity prices.
In addition, exports fell 0.39 percent (vs 0.10 percent in Q3) and imports dropped at a faster 8.05 percent (vs -8.30 percent). 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. TEForecast The governor forecast a GDP growth rate of 5.3% in 2020, in line with the government’s target. Indonesia GDP (Gross Domestic Product) was INT$3,089.13billion for 2019 in PPP … In 2015 it was an all-time low of -4.8%. The Trading Economics Application Programming Interface (API) provides direct access to our data. Last year, BI cut its policy rate four times by a total of 100 basis points and eased lending rules to support growth. Source: International … Home World India. He plans to hand companies tax cuts and relax rigid labor rules, through the so-called “omnibus” bills, aimed at speeding up the process of revising many, unrelated regulations at once. Online tool for visualization and analysis.

Mining and quarrying accounts for 12 percent, construction for 10 percent and electricity, gas and water supply for 0.75 percent.

Josua Pardede, an economist at Bank Permata, warned the economy may remain under pressure in the first half, though the omnibus bills, if passed, could start to influence investment decisions in the second half. On the production side, output growth slowed mainly for manufacturing, mining, retail and wholesale trade, real estate activities, education and social services.

Download historical data for 20 million indicators using your browser.Direct access to our calendar releases and historical data. Services constitute 38 percent of total GDP. Indonesia … The rupiah IDR= barely moved, trading at 13,715 per dollar before the midday break. Aggregates are based on constant 2010 U.S. dollars. GDP Growth Rate QoQ “Under conditions like this, I’m sure the economy can still grow 5.1% because the government will look to boost domestic sources of growth, while BI can still cut rates,” said Winang Budoyo, economist at Bank Tabungan Negara. Demographics World Country India. GDP per capita in Indonesia averaged 1896.40 USD from 1960 until 2019, reaching an all time high of 4450.70 USD in 2019 and a record low of 657 USD in 1967. WDI Tables. On the other hand, government spending expanded at a faster pace (3.74 percent vs 0.48 percent) and external demand contributed positively to the GDP, as exports rose slightly while imports dropped.

Household consumption advanced 2.84 percent (vs 4.97 percent in Q4) and fixed investment increased 1.70 percent (vs 4.06 percent in Q4). GDP Growth Rate in Indonesia averaged 1.31 percent from 2005 until 2020, 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. Reference Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

Considering the first half of the year, the economy expanded 5.06 percent from a year earlier. GDP Growth Rate QoQ GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. Please check your download folder.
Indonesia’s economy expanded 4.97% on an annual basis in the October-December quarter, data from the statistics bureau showed on Wednesday, slower than expected in a Reuters poll. The GDP per Capita in Indonesia is equivalent to 35 percent of the world's average.

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