Indonesia GDP Growth Rate 2005-2015 | Data | Chart | Calendar | Forecast

The Gross Domestic Product (GDP) in Indonesia shrank 2.06 percent in the fourth quarter of 2014 over the previous quarter. GDP Growth Rate in Indonesia averaged 1.45 Percent from 2005 until 2014, 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. GDP Growth Rate in Indonesia is reported by the Statistics Indonesia.

      Forecast    
Indonesia GDP Growth Rate


Actual Previous Highest Lowest Dates Unit Frequency
-2.06 3.16 3.82 -3.57 2005 - 2014 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. Content for - Indonesia GDP Growth Rate - was last refreshed on Friday, March 6, 2015.


Indonesia GDP Shrinks 2.06% in Q4


Indonesia's GDP contracted 2.06 percent in the last quarter of 2014, following a revised 3.16 percent growth in the previous quarter. It is the slowest expansion since the fourth quarter of 2009, as an increase in government spending, investment and exports were unable to offset a rising imports and a plunge in private consumption.

On the expenditure side, private consumption rose 0.03 percent, plummeting from a 3.67 percent expansion in the third quarter, mainly due to the government's decision to raise fuel prices in mid-November. Government expenditure surged 43.28 percent after posting a 4.74 percent  growth in the third quarter, while non-profit institution serving households spending rose by 1.46 percent, following a 10.29 percent drop in the previous quarter. Investment activities advanced 2.99 percent, faster than a 2.47 percent expansion in the preceding quarter. Exports grew 4.32 percent, following a 0.59 percent frowth in July to September quarter. Meanwhile, imports rose 8.17 percent, rebounding from a 5.28 percent fall in the previous period.

On the production side, the agriculture declined the most by 22.44 percent, followed by wholesale and retail sector; bicycle and car reparation sector (-3.35 percent). In contrast, education services sector rose the most by 12.08 percent, followed by mining & quarrying (+3.89 percent), construction (+4.99 percent) and health services and social activities (+6.12 percent).

Year-on-year, the economy advanced 5.1 percent, the same expansion as in the third quarter, the slowest in five years.

For full year of 2014, the GDP grew 5.02 percent, following a 5.58 percent expansion in the preceding year.

Statistics Indonesia l Rida Husna l rida@tradingeconomics.com
2/5/2015 9:53:47 AM


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-08-05 05:00 AM
GDP Growth Rate QoQ  Q2
2.47% 0.97% (R) 2.63% 1.67%
2014-11-05 04:00 AM
GDP Growth Rate QoQ  Q3
2.96% 2.49% 3.02% 2.5%
2015-02-05 04:00 AM
GDP Growth Rate QoQ  Q4
-2.06% 3.16%(R) -1.48% -0.15%
2015-05-05 05:00 AM
GDP Growth Rate QoQ  Q1
-2.06% -1.5%
2015-08-05 05:00 AM
GDP Growth Rate QoQ  Q2
1.35%
2015-11-05 04:00 AM
GDP Growth Rate QoQ  Q3
2.34%


Indonesia GDP Last Previous Highest Lowest Unit
GDP 868.35 878.04 878.04 5.98 USD Billion [+]
GDP Growth Rate -2.06 3.16 3.82 -3.57 percent [+]
GDP Annual Growth Rate 5.01 4.92 7.16 1.56 percent [+]
GDP Constant Prices 2161458.30 2206874.60 2206874.60 340865.20 IDR Billion [+]
Gross National Product 701250.16 714387.33 714387.33 317687.50 IDR Billion [+]
GDP per capita 1810.31 1732.18 1810.31 275.78 USD [+]
Gross Fixed Capital Formation 723197.31 702172.70 723197.31 63970.10 IDR Billion [+]
GDP per capita PPP 9254.42 8855.01 9254.42 4295.26 USD [+]


GDP Growth Rate Reference Previous Highest Lowest Unit
Australia 0.50 Nov/14 0.40 4.50 -2.00 percent [+]
Brazil 0.10 Aug/14 -0.60 4.50 -4.20 percent [+]
Canada 0.60 Nov/14 0.80 3.33 -1.80 percent [+]
China 1.50 Nov/14 1.90 2.50 1.40 percent [+]
Euro Area 0.30 Nov/14 0.20 1.30 -2.80 percent [+]
France 0.10 Nov/14 0.30 1.60 -1.70 percent [+]
Germany 0.70 Nov/14 0.10 2.10 -3.70 percent [+]
India 1.50 Aug/14 1.30 5.80 -1.90 percent [+]
Indonesia -2.06 Nov/14 3.16 3.82 -3.57 percent [+]
Italy 0.00 Nov/14 -0.10 6.00 -3.50 percent [+]
Japan 0.60 Nov/14 -0.60 3.20 -4.00 percent [+]
Mexico 0.70 Nov/14 0.50 2.90 -6.60 percent [+]
Netherlands 0.50 Nov/14 0.20 2.00 -2.20 percent [+]
Russia 0.04 Aug/14 0.14 4.10 -5.40 percent [+]
South Korea 0.40 Nov/14 0.90 6.80 -7.00 percent [+]
Spain 0.70 Nov/14 0.50 1.53 -1.60 percent [+]
Switzerland 0.60 Nov/14 0.70 1.90 -2.20 percent [+]
Turkey 0.40 Aug/14 -0.50 6.69 -7.57 percent [+]
United Kingdom 0.50 Nov/14 0.70 5.00 -2.70 percent [+]
United States 2.20 Nov/14 5.00 16.90 -10.00 percent [+]