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. 2014-04-20

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

TO

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 02:00 AM Indonesia
GDP Growth Rate YoY
Q1 2014 5.72% 5.5%
2014-08-05 02:00 AM Indonesia
GDP Growth Rate YoY
Q2 2014 5.44%
[+]

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

RECENT RELEASES

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. Published on 2013-11-06

Indonesia GDP Slows to 5.81% YoY in Q2
In the second quarter of 2013, Indonesian economy slowed for the fourth consecutive quarter to 5.81 percent yoy, down from 6.02 percent recorded in the first three months of 2013. The increase in government spending was not enough to offset slowing private consumption and investment. Published on 2013-08-02


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.


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.
MORE RELATED NEWS

LATEST NEWS

Chile Leaves Monetary Policy Unchanged  
At its April 17th, 2014 meeting, Central Bank of Chile left the benchmark interest rate on hold at 4 percent, following last month's cut, citing low output and demand, but hinted possible future rate cuts, depending on domestic and external conditions.
Russia Unemployment Drops in March  
Russian jobless rate fell for the first time in four months to 5.4 percent, after remaining stable at 5.6 percent in the previous two months.
Canada Inflation Rises Above Forecasts in March  
The annual consumer prices in Canada accelerated to 1.5 percent in March of 2014 following a 1.1 increase in the previous month, as energy prices surged.
US Jobless Claims Rise Slightly  
In the week ending April 12, the advance figure for seasonally adjusted initial claims was 304,000, an increase of 2,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 300,000 to 302,000. There were no special factors impacting this week's initial claims.
Brazil Unemployment Rate Down to 5%  
In March of 2014, Brazil’s jobless rate fell by 0.1 percentage point to 5 percent, below market forecasts. A year earlier, unemployment reached 5.7 percent.
Dutch Unemployment Rate Falls for the First Time in 2014  
In March of 2014, Netherlands’ seasonally adjusted jobless rate fell to 8.7 percent from 8.8 percent in the previous month and 8.1 percent a year earlier, as more people left permanently the labor market rather than found jobs.
Singaporean Trade Surplus Narrows Sharply in March  
The trade surplus decreased 51.1 percent in March of 2014 over a year earlier and 47.2 percent from February to SGD 2.3 billion. Imports rose at a faster pace than exports, as sales of pharmaceuticals and electronics fell, while shipments of petrochemicals and re-exports contributed to overall increase.
Mozambique Leaves Lending Rate Steady at 8.25%  
At its April 16th, 2014 meeting, Bank of Mozambique left its benchmark interest rate unchanged at 8.25 percent for the sixth consecutive meeting, saying this was consistent with meeting domestic economic targets for 2014.
Spanish Trade Deficit Narrows to 4-Month Low  
In February of 2014, Spanish trade gap decreased to € 1.62 billion, down from € 2.82 billion in the previous month. Compared with the same month a year earlier, the trade deficit widened 37 percent.
Angolan Inflation Rate Down To 7.32% in March  
The annual consumer prices in Angola decelerated for the second consecutive month to 7.32 percent in March of 2014, from 7.48 percent recorded in February of 2014.
MORE TOP NEWS

OVERVIEW    |     WORLBANK    |     [+] Calendar    |     [+] Countries    |     [+] Indicators    |     News