Indonesia GDP Growth Rate

The Gross Domestic Product (GDP) in Indonesia contracted 1.42 percent in the fourth quarter of 2013 over the previous quarter. GDP Growth Rate in Indonesia is reported by the Statistics Indonesia. GDP Growth Rate in Indonesia averaged 1.46 Percent from 2005 until 2013, reaching an all time high of 3.82 Percent in the third quarter of 2009 and a record low of -3.57 Percent in the fourth quarter of 2008. 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. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-1.42 2.96 3.82 -3.57 1.67 | 2014/06 2005 - 2013 Percent Quarterly

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Indonesia GDP Growth Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-05-06 03:00 AM Indonesia
GDP Growth Rate QoQ
Q1 2013 1.41% -1.45%
2013-08-02 03:00 AM Indonesia
GDP Growth Rate QoQ
Q2 2013 2.61% 1.42% 2.64%
2013-11-06 04:00 AM Indonesia
GDP Growth Rate QoQ
Q3 2013 2.96% 2.61% 2.54%
2014-02-05 02:00 AM INDONESIA
GDP Growth Rate QoQ
Q4 2013 -1.42% 2.96% 2.6%
2014-05-05 02:00 AM Indonesia
GDP GROWTH RATE QOQ
Q1 2014 -1.42% -1.18%
2014-08-05 02:00 AM Indonesia
GDP GROWTH RATE QOQ
Q2 2014 1.67%
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GDP Last Previous Highest Lowest Forecast Unit
GDP Annual Growth Rate 5.72 2013-12-31 5.62 7.16 1.56 5.44 2014-06-30 Percent [+]
GDP Growth Rate -1.42 2013-12-31 2.96 3.82 -3.57 1.67 2014-06-30 Percent [+]
GDP per capita 1731.65 2012-12-31 1650.63 1731.65 275.78 1854.60 2014-06-30 USD [+]
GDP per capita PPP 4271.51 2012-12-31 4071.65 4271.51 1371.32 4570.79 2014-06-30 USD [+]
GDP Constant Prices 699903.10 2013-11-15 709984.50 709984.50 340865.20 735546.19 2014-06-30 IDR Billion [+]
Gross Fixed Capital Formation 180533.85 2013-11-15 175382.10 180533.85 63970.10 181022.04 2014-06-30 IDR Billion [+]
Gross National Product 670807.66 2013-11-15 681001.66 681001.66 317687.50 703523.58 2014-06-30 IDR Billion [+]
GDP 878.04 2012-12-31 846.83 878.04 5.98 981.08 2014-06-30 USD Billion [+]
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GDP Growth Rate | Notes
The GDP Growth Rate shows a percentage change in the seasonally adjusted GDP value in the certain quarter, compared to the previous quarter. Because of climatic conditions and holidays, the intensity of the production varies throughout the year. This makes a direct comparison of two consecutive quarters difficult. In order to adjust for these conditions, many countries calculate the quarterly GDP using so called seasonally adjusted method. The Gross Domestic Product can be determined using three different approaches: the product, the income, and the expenditure technique, which should give the same result. In sum, the product technique sums the outputs of every class of enterprise. The expenditure technique works on the principle that every product must be bought by somebody, therefore the value of the total product must be equal to people's total expenditures in buying products and services. The income technique works on the principle that the incomes of the productive factors must be equal to the value of their product, and determines GDP by finding the sum of all producers' incomes.


RELATED NEWS

Bank Indonesia Leaves Rates Unchanged  
At its April 8th, 2014 meeting, Bank Indonesia decided to leave the benchmark interest rate unchanged at 7.5 percent, as inflation, current account and rupiah pressures eased.
Bank Indonesia Leaves Monetary Policy on Hold  
Bank Indonesia decided on March 13th, 2014 to hold the benchmark interest rate steady at 7.5 percent for the fourth straight meeting, as pressures over the inflation rate and the rupiah have eased.
Indonesia Holds Rates Steady in February  
At its February 13th, 2014 meeting, Bank Indonesia left its benchmark interest rate unchanged at 7.5 percent, as widely expected, as the country’s current account deficit had narrowed sharply in the last quarter of 2013. The lending and deposit facility rates were also left unchanged at 7.50 percent and 5.75 percent, respectively.
Indonesia GDP Accelerates in Q4 2013  
In the last quarter of 2013, Indonesian GDP advanced at a faster-than-expected 5.72 percent over a year earlier, up from 5.62 percent in the previous quarter and breaking a two-year trend of declining GDP.
Bank Indonesia Leaves Rates on Hold in January  
In its January 9th meeting, Bank Indonesia decided to leave the benchmark interest rate unchanged at 7.5 percent, as widely expected. The lending and deposit facility rates were also left on hold at 7.50 percent and 5.75 percent, respectively.
Indonesia Monetary Policy Unchanged in December  
At its December 12th meeting, Bank of Indonesia decided to leave the benchmark interest rate unchanged at 7.5 percent, its highest level since 2009. The Central Bank said its decision was consistent with efforts to lower the annual inflation rate to 3.5-5.5 percent in 2014.
Bank Indonesia Raises the BI Rate by 25 bps to 7.5%  
In its November 12th meeting, Bank Indonesia decided to raise the BI rate for the fifth time this year by 25 bps to 7.5 percent. The benchmark interest rate is now at its highest since 2009, as policy makers keep efforts to decrease the current account deficit that has weighed on the rupiah.
Indonesian GDP Growth Slows to 5.62% YoY in Q3  
In the third quarter of 2013, Indonesian economy expanded by an annual 5.62 percent, the lowest growth rate in nearly four years. A surge in government spending was not enough to offset a slowdown in investment, hurt by higher borrowing costs as the central bank rose the interest rate by 150 bps since June to curb inflation and a slide in the currency.
Bank Indonesia Keeps BI rate On Hold at 7.25%  
The Bank Indonesia decided on October 8th to leave the BI Rate unchanged at 7.25 percent after raising it by 150 bps this year.
Bank Indonesia Raises the BI Rate to 7.25%  
Bank Indonesia decided on September 12th to raise the BI Rate for the fourth time this year by 25 bps to 7.25 percent and after having raised it by 50 bps later August. The central bank attempts to stabilize the rupiah, control the inflation rate and the current account.
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