Chatib Basri, the Finance Minister of Indonesia, expects Indonesia's economy to expand 5.6 percent in the fourth quarter of 2013. As such, total gross domestic product (GDP) growth of Southeast Asia's largest economy in 2013 will total between 5.6 to 5.7 percent in 2013. This result will imply that Indonesia's economic expansion in 2013 has slowed down for the second straight year, mainly due to global economic turmoil. In 2011 and 2012, the country's economy expanded by 6.5 percent and 6.2 percent respectively.
Basri stated that - amid the global economic uncertain environment - the Indonesian government has taken an increasingly important role within the economy by enhancing state spending. Up to the third quarter of 2013, state spending accounted for 0.45 percent of GDP.
For an analysis of Indonesia's GDP growth in 2013:
Indonesia's Economic Growth 2009–2013 (annual percentage change)
|Year|| Quarter I
||Quarter II||Quarter III||Quarter IV|
Source: Statistics Indonesia (BPS)
(in billion USD)
(annual percent change)
|GDP per Capita
¹ indicates a future projection
Sources: World Bank, Statistics Indonesia and International Monetary Fund (IMF)