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Berita Hari Ini Gross Domestic Product

  • Difficult for Indonesia to Achieve its 5.2% GDP Growth Target

    In a meeting with Commission XI of Indonesia's House of Representatives (DPR) Indonesian Finance Minister Sri Mulyani Indrawati informed that it will be tough to achieve the 5.2 percent year-on-year (y/y) economic growth target as set in the government's Revised 2017 State Budget. In the first two quarters of the year Indonesia's gross domestic product (GDP) only expanded 5.01 percent (y/y) in each quarter.

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  • Economy of Indonesia: GDP Growth at 5.01% in 2nd Quarter 2017

    On Monday morning (07/08) Indonesia's Statistics Agency (BPS) released the official gross domestic product (GDP) growth figure for the second quarter of 2017. The result was slightly below estimates. BPS said the Indonesian economy expanded by 5.01 percent year-on-year (y/y) in Q2-2017, while the average analyst forecast was 5.08 percent (y/y).

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  • Economic Growth Indonesia Estimated at 5.1% in 2017

    Ina Primiana, Senior Economist at the Centre of Reform on Economics (CORE), is a bit pessimistic about Indonesia's economic growth in 2017. She sees gross domestic product (GDP) expanding by 5.1 percent year-on-year (y/y) this year as commodity prices and the retail sector fail to encourage higher growth.

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  • Breaking News Indonesia: GDP Accelerates to 5.01% in Q1-2017

    Indonesia's Statistics Agency (BPS) announced that the nation's official gross domestic product (GDP) edged up to a growth pace of 5.01 percent year-on-year (y/y) in the first quarter of 2017. This figure is in line with analysts' forecasts and constitutes the third consecutive year of accelerating economic growth of Indonesia in the first quarter. In Q1-2015 and Q1-2016 GDP growth was recorded at 4.71 percent (y/y) and 4.92 percent (y/y), respectively.

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  • Economy of Indonesia: "GDP Growth in First Half 2017 below Estimates"

    The central bank of Indonesia (Bank Indonesia) expects the nation's gross domestic product (GDP) growth to be below earlier estimates in both the first and second quarters of 2017. However, the lender of last resort remains optimistic that Indonesia's full-year economic growth can reach a pace of 5.2 percent year-on-year (y/y), accelerating from 5.02 percent (y/y) in the preceding year.

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  • Q1-2017 GDP Growth Indonesia Expected to Remain Below 5%

    Despite the improving export performance (supported by improving commodity prices), it may be difficult for Indonesia to deliver +5 percent year-on-year (y/y) gross domestic product (GDP) growth in the first quarter of 2017. Main reason is subdued consumer purchasing power due to higher electricity tariffs in Southeast Asia's largest economy. Therefore, economic growth of Indonesia is expected to be rather similar to the 4.92 percent (y/y) growth pace recorded in Q1-2016.

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  • Indonesian Finance Minister Sri Mulyani Talks Economic Growth

    Indonesian Finance Minister Sri Mulyani Indrawati believes economic growth of Indonesia in 2017 can exceed the target that was set by the central government in the state budget. While the official target in the 2017 State Budget was set at 5.1 percent year-on-year (y/y), Sri Mulyani expects to see the growth rate at 5.2 percent (y/y) on the back of rising consumption and investment, while she predicts an end to the trend of falling imports and exports.

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Artikel Terbaru Gross Domestic Product

  • Asian Development Bank: Economy of Indonesia to Grow 5.5% in 2015

    The Asian Development Bank (ADB) released a report today (24/03) in which it discusses recent economic developments in Indonesia. According to the report, Indonesia’s economic growth is projected to accelerate over the two years ahead provided that the Indonesian government continues to implement structural policy reforms. Such reforms - which include the acceleration of infrastructure development, reduction of logistical costs, and enhancing budget implementation - should lead to an improvement of the investment climate.

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  • World Bank: Introducing Indonesia’s Revised Statistics Methodology

    In a World Bank blog, World Bank economist Alex Sienaert posted an update on the economy of Indonesia. After Statistics Indonesia (BPS) released the country’s latest GDP growth figures in early February, two important revisions regarding Indonesia’s GDP statistics have been made: (1) BPS has shifted the basis of the computation from the year 2000 to 2010, and (2) it adopted a significantly updated methodology and presentation of the statistics (updating national accounts from the 1993 System of National Accounts [SNA] to SNA 2008).

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  • Update Indonesia: Bagaimana Pertumbuhan Ekonomi Tahun 2015?

    Walaupun pertumbuhan ekonomi Indonesia bergerak lebih lambat pada tahun 2014, terlihat optimisme bahwa pertumbuhan tersebut akan rebound pada tahun 2015 meskipun kondisi ekonomi global belum kondusif (dan membatasi kinerja ekspor Indonesia) serta lingkungan suku bunga Indonesia yang masih tinggi. Bank Indonesia menaikkan BI rate beberapa kali selama satu setengah tahun terakhir dalam upaya untuk mencegah inflasi tinggi (yang disebabkan oleh kenaikan harga BBM subsidi), menghambat aliran keluar modal menjelang pengetatan moneter AS, membatasi defisit transaksi berjalan dan mendukung nilai rupiah.

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  • Prudent Fiscal Management; IMF Positive about Indonesian Economy

    A team of the International Monetary Fund (IMF), led by David Cowen (advisor at the IMF’s Asia and Pacific Department), visited several Indonesian cities in the first three weeks of December 2014 to conduct research on the economic fundamentals of Southeast Asia’s largest economy. This research included the study of recent macroeconomic developments as well as the formulation of prognosis scenarios for the short and middle term. The IMF team held discussions with the government, Bank Indonesia, private entrepreneurs and scholars.

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  • Indonesia Needs +7% GDP Growth to Become High Income Country by 2030

    In order to avoid the middle-income trap and join the ranks of the high income countries by 2030 (reaching a per capita income level of at least USD $12,500), Indonesia needs to raise economic growth beyond the 7 percent year-on-year (y/y) level. If the current gross domestic product (GDP) growth rate is maintained (between 5 and 6 percent y/y) then it will take another decade to break from the middle income trap and become a high income country. However, GDP growth in 2014 is projected at a bleak 5.2 percent (y/y).

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  • What are the Economic Challenges Faced by President Joko Widodo?

    Today (20/10), Central Jakarta seems to have changed into one big party as Joko Widodo was inaugurated as Indonesia’s seventh president earlier this morning. For the remainder of the day celebrations will be held at Monas (National Monument) and surrounding areas. However, it is of vital importance that Widodo (popularly known as Jokowi) will start to focus on this presidential duties tomorrow as the country is facing a number of economic challenges. What are these challenges?

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  • Finance Minister Chatib Basri on Indonesia’s Economic Fundamentals

    Indonesian Finance Minister Chatib Basri said that the lower pace of economic growth in China, the world’s second-largest economy, is a major concern for Indonesia as it leads to declining demand for commodities (and thus places downward pressure on commodity prices). As Indonesia is a major commodity exporter - such as coal, crude palm oil, nickel ore and tin - the country feels the impact of weak global demand for commodities. About 60 percent of Indonesia’s exports are commodities, mostly raw ones.

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  • Indonesia’s House Approves 2015 State Budget; Budget Deficit 2.21% of GDP

    Indonesia’s House of Representatives (DPR) approved the 2015 State Budget on Monday (29/09) that was proposed by the outgoing President Susilo Bambang Yudhoyono administration. The budget deficit is now set at IDR 245.9 trillion (USD $20.5 billion), equivalent to 2.21 percent of gross domestic product (GDP), and lower than the 2.32 percent of GDP proposed by the government in both the Financial Memorandum and the Revised 2015 State Budget. However, the accepted budget deficit is still high compared to previous years.

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  • Indonesian Government Eyes Economic growth of 5.8% in 2015

    The government of Indonesia agreed with the House Budget Committee to adjust the economic growth target of Southeast Asia’s largest economy in 2015 to 5.8 percent, 0.2 percentage point up from the initial growth target proposed by the government in the Financial Memorandum as well as the 2015 State Budget Draft (APBN). Still, the 5.8 percent gross domestic product (GDP) growth target constitutes the lowest growth target set in Indonesia’s state budget (excluding revised state budgets) since the year 2010.

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  • Pertumbuhan Ekonomi Indonesia Sebesar 5.2-5.3% pada Tahun 2014

    Pemerintah mengakui sulit mengejar target pertumbuhan yang ditetapkan dalam APBN-P 2014 yakni sebesar 5.5 persen. Wakil Menteri Keuangan Bambang Brodjonegoro bahkan memperkirakan Indonesia harus bekerja keras mengejar pertumbuhan di level 5.3 persen. “Kita mencoba realistis. Mudah-mudahan di semester II bisa memperbaiki jadi sedikit bisa ke 5.3 persen. Outlook range kami di 5.2-5.3 persen,” tutur Bambang, pekan ini.

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