Indonesia GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Indonesia expanded 5.72 percent in the fourth quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Indonesia is reported by the Statistics Indonesia. GDP Annual Growth Rate in Indonesia averaged 5.43 Percent from 2000 until 2013, reaching an all time high of 7.16 Percent in the fourth quarter of 2004 and a record low of 1.56 Percent in the fourth quarter of 2001. Indonesia is the largest economy in South East Asia. Industry accounts for the largest share of GDP (46.5 percent of total GDP). Within industry, the most important is manufacturing, which has been one of the main growth engines (24 percent of total output). Mining and quarrying accounts for 12 percent, construction for 10 percent and electricity, gas and water supply for 0.75 percent. Services constitute 38 percent of total GDP. Within services, the most important are: trade, hotel and restaurants (around 14 percent of GDP); transport and communication (7 percent of GDP); finance, real estate and business services (7 percent of GDP) and government services (6 percent). Agriculture accounts for the remaining 15 percent. This page provides - Indonesia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
5.72 5.62 7.16 1.56 5.44 | 2014/06 2000 - 2013 Percent Quarterly

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Indonesia GDP Annual Growth Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-05-06 03:00 AM Indonesia
GDP Growth Rate YoY
Q1 2013 6.02% 6.11%
2013-08-02 03:00 AM Indonesia
GDP Growth Rate YoY
Q2 2013 5.81% 6.03% 5.95% 6%
2013-11-06 04:00 AM Indonesia
GDP Growth Rate YoY
Q3 2013 5.62% 5.81% 5.6% 5.79%
2014-02-05 02:00 AM INDONESIA
GDP Growth Rate YoY
Q4 2013 5.72% 5.62% 5.3% 5.71%
2014-05-05 05:00 AM Indonesia
GDP Growth Rate YoY
Q1 2014 5.72% 5.5%
2014-08-05 05:00 AM Indonesia
GDP Growth Rate YoY
Q2 2014 5.44%
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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 [+]
[+]


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.

Year-on-year, household consumption rose 5.25 percent, after increasing 5.48 percent in the previous quarter. Government consumption decelerated to 6.25 percent (8.82 percent in the previous three-month period). Exports jumped 7.4 percent, faster than a 5.3 percent rise in the previous quarter, while imports contracted 0.6 percent. While gross fixed capital formation slowed to 4.37 percent, inventories shrank by 8.63 percent. 

Compared with the previous quarter, the GDP contracted 1.42 percent. A surge in government spending (34.18 percent) was not enough to offset a sharp drop in inventories (-127.16 percent). Yet, the GDP typically falls on a quarter-on-quarter basis in the last quarter of the year.

For full 2013, the economy advanced 5.78 percent, the slowest full-year growth since 2009.

Joana Taborda | joana.taborda@tradingeconomics.com
2/5/2014 10:47:25 AM

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Indonesia GDP Slows to 5.81% YoY in Q2
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GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


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