Indonesia GDP Growth Rate  2005-2016 | Data | Chart | Calendar | Forecast

The Gross Domestic Product (GDP) in Indonesia contracted 0.34 percent in the first quarter of 2016 over the previous quarter. GDP Growth Rate in Indonesia averaged 1.39 percent from 2005 until 2016, reaching an all time high of 3.83 percent in the second quarter of 2014 and a record low of -3.57 percent in the fourth quarter of 2008. GDP Growth Rate in Indonesia is reported by the Statistics Indonesia.

Indonesia GDP Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
-0.34 -1.83 3.83 -3.57 2005 - 2016 percent Quarterly
Indonesia is the largest economy 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. This page provides - Indonesia GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Indonesia GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-11-05 04:00 AM Q3 3.21% 3.78% 3.33% 3.1%
2016-02-05 02:00 AM Q4 -1.83% 3.36% -1.94% 1.07%
2016-05-04 04:00 AM Q1 -0.34 -1.83% 0.1%
2016-08-05 04:00 AM Q2 -0.34% 1.78%
2016-11-07 04:00 AM Q3 1.36%

Indonesia Economy Contracts 0.34% QoQ in Q1


Indonesia's GDP shrank 0.34 percent quarter-on-quarter in the first quarter of 2016, as compared to a 1.83 percent contraction in the December quarter 2015. It is the second straight quarter of contraction as all components in the economy declined except private consumption.

On the expenditure side, government spending contracted by 49.45 percent year-on-year in the first quarter, reversing from a 41.30 percent expansion in the preceding quarter. Private non-profit spending dropped by 2.91 percent, after expanding 2.75  percent in the previous three months. Investment  shrank 5.75 percent, as compared to a 5.01 percent growth in the fourth quarter. In contrast, private consumption grew 0.17 percent, following a 0.01 percent rise in the December quarter. Exports fell by 3.44 percent from a 1.85 percent drop while imports also declined by 6.24 percent after gaining 5.70 percent in the fourth quarter.

On the production side, education service contracted the most by 11.26 percent, followed by public administration and defence; compulsory social security (-7.96 percent), construction (-6.27 percent), health and social services (-5.52 percent), gas & electricity (-1.98 percent), transportation & storage (-1.5 percent), water supply and waste management (-0.96 percent), manufacturing (-0.29 percent) and mining & quarrying (-0.27 percent). In contrast, the agriculture and forestry sector grew the most by 14.43 percent, followed corporate services (+2.25 percent), by real estate (+1.77 percent), other services (+1.6 percent), communication and information (+1.0 percent) and financial and insurance (+0.2 percent).

Year-on-year, the economy expanded by 4.92 percent year-on-year in the first quarter of 2016, as slowing from a 5.04 percent growth in the December quarter 2015 and below market consensus of a 5.05 percent expansion.



Statistics Indonesia l Rida Husna | rida@tradingeconomics.com
5/4/2016 7:42:03 AM

Indonesia GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.34 -1.83 3.83 -3.57 percent [+]
GDP Annual Growth Rate 4.92 5.04 7.16 1.56 percent [+]
GDP 888.54 910.48 917.87 5.98 USD Billion [+]
GDP Constant Prices 2262639.50 2270356.60 2311200.00 340865.20 IDR Billion [+]
Gross National Product 701250.16 714387.33 714387.33 317687.52 IDR Billion [+]
Gross Fixed Capital Formation 730135.71 774642.21 774642.21 63970.10 IDR Billion [+]
GDP per capita 1865.85 1797.54 1865.85 275.78 USD [+]
GDP per capita PPP 10098.66 9728.91 10098.66 4547.57 USD [+]
GDP From Agriculture 78347.40 38951.60 87304.50 37282.50 IDR Billion [+]
GDP From Construction 223019.40 237932.30 237932.30 149919.00 IDR Billion [+]
GDP From Manufacturing 489539.60 490969.70 490969.70 371813.30 IDR Billion [+]
GDP From Mining 188993.00 189498.60 205408.50 171254.70 IDR Billion [+]
GDP From Services 38997.40 38139.40 38997.40 23736.80 IDR Billion [+]
GDP From Utilities 26453.20 27634.10 27634.10 14032.20 IDR Billion [+]




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Greece -0.40 Mar/16
Hong Kong -0.40 Mar/16
Croatia -0.50 Dec/15
Qatar -0.50 Dec/15
Russia -0.57 Sep/15
Ukraine -0.70 Mar/16
Hungary -0.80 Mar/16
Iceland -1.10 Dec/15
Jamaica -1.20 Sep/15
Brazil -1.40 Dec/15
Mozambique -2.10 Dec/15
Bolivia -9.72 Jun/15
Nigeria -13.70 Mar/16