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Today's Headlines GDP

  • Asian Development Bank Cuts Forecast for Economic Growth Indonesia

    The Asian Development Bank (ADB) lowered its forecast for economic growth in Indonesia to 4.8 percent year-on-year (y/y) in 2015 and to 5.3 percent (y/y) in 2016 from previously 4.9 percent (y/y) and 5.4 percent (y/y), respectively. In its latest report on Indonesia, the ADB cited that problems related to budget disbursement and the nation’s weak export performance were the main factors to cut its growth projection for Indonesia - for both 2015 and 2016 - by 0.1 percentage point. In September 2015, the ADB had already cut its growth forecast for Indonesia on the back of negative effects of China’s economic slowdown.

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  • Ceramic Industry Indonesia in 2015: Year Full of Challenges

    Ceramic Industry Indonesia in 2015: Year Full of Challenges

    Ceramic sales in Indonesia are projected to decline to IDR 25 trillion (approx. USD $1.8 billion) in 2015 from total sales worth IDR 36 trillion last year. Elisa Sinaga, Chairman of the Indonesian Ceramic Industry Association (ASAKI), said 2015 is a year full of challenges for the domestic ceramic industry due to Indonesia's slowing economic growth (particularly the slowdown of the nation's property sector), high gas prices, higher minimum wages, and the fragile rupiah (having depreciated around 11 percent against the US dollar so far in 2015).

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  • Budget Deficit of Indonesia Safe on non-Optimal Government Spending

    Budget Deficit of Indonesia Safe on non-Optimal Government Spending

    One advantage of Indonesia's non-optimal government spending is that it somewhat covers for the shortfall of tax revenue that is expected to occur in 2015. The shortfall in tax collection may reach up to IDR 250 trillion (approx. USD $18 billion) and this failure to meet the government's tax collection target in the 2015 State Budget was the reason behind the resignation of Sigit Priadi Pramudito as Director General of Indonesia's Tax Office. But with government spending estimated to reach only about 90 percent of this year's target, the budget deficit should not go beyond the 2.7 percent of gross domestic product (GDP) mark.

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  • Special Helpdesk Prevents Layoffs in Indonesia's Textile & Footwear Industries

    Special Helpdesk Prevents Layoffs in Indonesia's Textile & Footwear Industries

    The Investment Coordinating Board (BKPM), the investment service agency of the Indonesian government, claims it has prevented about 24,500 of layoffs through its special desk for footwear and textile industries. This special desk is an agency set up by the BKPM in early October 2015 to support local companies in the footwear and textile industries as these industries are considered most affected by the country's economic slowdown. BKPM Chairman Franky Sibarani said a total of 48 companies have requested support through this special desk.

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  • Mergers and Acquisitions (M&A) in Indonesia Expected to Rise in 2016

    Mergers and Acquisitions (M&A) in Indonesia Expected to Rise in 2016

    RSM Indonesia, one of Indonesia's leading audit, tax and financial advisory firms, expects to see more mergers and acquisitions (M&A) in Indonesia in 2016 due to the improving global and domestic economic conditions, a stable rupiah exchange rate, and Indonesian's growing purchasing power. For foreign investors a M&A deal is one of the strategies to enter Indonesia. Up to early November, the total value of M&A deals in Indonesia in 2015 stood at USD $3.53 billion.

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  • Economic Growth Indonesia Expected to Accelerate in 2016

    Economic Growth Indonesia Expected to Accelerate in 2016

    Both the Center of Reform on Economics (Core) and Aberdeen Asset Management Ltd expect economic growth in Indonesia to accelerate in 2016 after Southeast Asia's largest economy may post a seven-year low GDP growth figure of 4.7 percent in 2015. Both institutions believe that household and government spending will accelerate next year, while recently unveiled economic stimulus packages (involving deregulation and tax incentives) will create a more attractive investment climate, thus both foreign and domestic investment is expected to grow.

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  • Bank Indonesia Expects GDP Growth at Lower End of Target Range in 2015

    Bank Indonesia Expects GDP Growth at Lower End of Target Range in 2015

    The central bank of Indonesia (Bank Indonesia) expects the country's economic growth to come in the lower end of its 4.7-5.1 percent (y/y) gross domestic product (GDP) growth target range for full-year 2015. Bank Indonesia Governor Agus Martowardojo expects to see accelerated economic growth in the last quarter of the year (from the preceding quarter) due to increased government spending and investment. In the second quarter of 2015, Indonesia's economy expanded at the slowest pace in six years (+4.67 percent y/y), then accelerating to 4.73 percent (y/y) in the following quarter.

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  • Infrastructure Development Indonesia: Hotel Construction to Grow in 2016

    Infrastructure Development Indonesia: Hotel Construction to Grow in 2016

    In line with rising tourism in Indonesia, the value of hotel construction in Southeast Asia's largest economy is expected to grow 16 percent to IDR 21 trillion (approx. USD $1.6 billion) in 2016. Most of the new projects - roughly 21 percent - are located in the Greater Jakarta area. Besides tapping the tourism potential, hotel developers also want to tap the business potential, meaning that due to expected accelerated economic growth in 2016, there will arrive more foreign businessmen in Indonesia to attend meetings and other activities, particularly as the ASEAN Economic Community comes online.

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  • Indonesia Investments' Newsletter of 8 November 2015 Released

    Indonesia Investments' Newsletter of 8 November 2015 Released

    On 8 November 2015, Indonesia Investments released the latest edition of its newsletter. This free newsletter, which is sent to our subscribers once per week, contains the most important news stories from Indonesia that have been reported on our website in the last seven days. Most of the topics involve economic subjects such as an analysis of Indonesia's Q3-2015 GDP growth, an inflation update, overviews of Islamic banking and the taxi services industry, a rupiah & stock market update, and more.

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  • Statistics Agency: Unemployment in Indonesia on the Rise

    Statistics Agency: Unemployment in Indonesia on the Rise

    Unemployment in Indonesia increased to 6.18 percent of the labour force in August 2015, or 7.56 million people in absolute terms, from 5.81 percent in February (or 7.45 million unemployed people) as the economic slowdown led to layoffs and slower absorption of the workforce. In the second quarter of 2015 Indonesia's economy grew at the slowest pace in six years at 4.67 percent (y/y) and only managed to improve slightly (4.73 percent y/y) in the third quarter.

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Latest Columns GDP

  • Bank Indonesia to Revise 2017 Economic Growth Target Soon

    Bank Indonesia to Revise 2017 Economic Growth Target Soon

    The central bank of Indonesia (Bank Indonesia) said it will revise its outlook for Indonesia's economic growth in full-year 2017 after the Q3-2017 GDP growth figure - released at the start of the week - was well below expectations. Previously, Bank Indonesia set its economic growth target for Indonesia in 2017 in the range of 5.0 - 5.4 percent year-on-year (y/y).

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  • Indonesian Economy: Accelerating Growth or Another Bleak Quarter?

    Indonesian Economy: Accelerating Growth or Another Bleak Quarter?

    On Monday (06/11) Indonesia's Statistics Agency (BPS) is scheduled to release Indonesia's third quarter GDP data, important information that is closely followed by investors and analysts. While most analysts expect to see accelerated economic growth in the third quarter, others remain skeptical as Indonesia's gross domestic product was disappointing in the first two quarters of the year amid bleak domestic consumption.

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  • Bank Indonesia Sees Improving Global & Domestic Economy

    Bank Indonesia Sees Improving Global & Domestic Economy

    The Bank Indonesia (BI) Board of Governors agreed to hold the BI 7-day Reverse Repo Rate at 4.25 percent, while maintaining the deposit facility and lending facility rates at 3.50 percent and 5.00 percent, respectively, effective per 20 October 2017. The decision was in line with efforts to maintain macroeconomic and financial system stability, while stimulating the domestic economic recovery.

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  • World Bank Releases October Indonesia Economic Quarterly Report

    World Bank Releases October Indonesia Economic Quarterly Report

    In its latest report, the World Bank stated that Indonesia's macroeconomic fundamentals are solid and have been strengthening amid the central government's eagerness to implement critical structural reforms, while investment growth rose to the highest levels since the last quarter of 2015 (mainly investment in buildings and structures).

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  • ADB: Global Trade Rebound Boosts Growth in Asia & the Pacific

    ADB: Global Trade Rebound Boosts Growth in Asia & the Pacific

    Growth remains strong across most of developing Asia as a result of the broad-based recovery in global trade, robust expansion in major industrial economies, and improved prospects for the People’s Republic of China (PRC). This will combine to push growth in developing Asia for 2017 and 2018 above previous projections, says a new Asian Development Bank (ADB) report.

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  • Economy of Indonesia: Shifting from Consumption to Investment?

    Economy of Indonesia: Shifting from Consumption to Investment?

    Thomas Lembong, Head of Indonesia's Investment Coordinating Board (BKPM), said the 5.01 percent year-on-year (y/y) economic growth pace of Indonesia in the second quarter of 2017 was rather disappointing as consumption remained bleak. Only Indonesia's export and investment realization showed an improvement, Lembong added. But, overall, Indonesia's economic growth stagnated.

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  • World Bank Remains Optimistic about the Indonesian Economy

    World Bank Remains Optimistic about the Indonesian Economy

    The latest World Bank projection shows the economy of Indonesia remains promising despite the Washington-based institution having lowered its forecast for Indonesia's full-year 2017 gross domestic product (GDP) growth by 0.1 percentage point to 5.2 percent year-on-year (y/y) in the June 2017 edition of its Global Economic Prospect. The World Bank emphasized the Indonesian economy remains relatively strong and is among the most promising emerging markets.

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  • Bank Indonesia Keeps Key Interest Rate at 4.75% in May 2017, Analysis

    Bank Indonesia Keeps Key Interest Rate at 4.75% in May 2017, Analysis

    The central bank of Indonesia (Bank Indonesia) maintained its benchmark interest rate - the 7-day reverse repurchase rate - at 4.75 percent at the policy meeting on 17-18 May 2017, a decision that is in line with analysts' forecasts. Bank Indonesia said the decision is consistent with its efforts to maintain macroeconomic and financial system stability "by driving the domestic economic recovery process", while continue to monitor external threats stemming from US policy directions and geopolitical conditions, specifically in the Korea Peninsula, as well as domestic threats stemming from inflationary pressures and ongoing consolidation in the banking and corporate sectors.

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  • Economy of Indonesia in Q1-2017: Satisfied or Concerned?

    Economy of Indonesia in Q1-2017: Satisfied or Concerned?

    Overall, market participants are satisfied with Indonesia's economic growth in the first quarter of 2017. Indonesia's Statistics Agency (BPS) released the nation's official first quarter gross domestic product (GDP) data on Friday (05/05). It showed a 5.01 percent year-on-year (y/y) growth pace in Q1-2017, in line with - and even above some institutions' - expectations. Moreover, the figure confirms that Indonesia's economic growth continues to accelerate. In the first quarters of 2015 and 2016 GDP growth was recorded at 4.71 percent (y/y) and 4.92 percent (y/y), respectively.

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