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Today's Headlines GDP

  • World Bank Positive About Indonesia's Economic Outlook

    World Bank Positive About Indonesia's Economic Outlook

    In its latest East Asia and Pacific Economic Update, the World Bank is optimistic about Indonesia's recent economic performance as well as its future prospects. The country's FY-2017 gross domestic product (GDP) expanded at the fastest pace in four years, led by stronger investment and net exports. Meanwhile, its current account deficit narrowed to a six-year low, while the central government's budget deficit reached the lowest since 2014, on the back of stronger global trade and strengthening commodity prices.

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  • ADB Puts GDP Growth Forecasts for Indonesia at 5.3% in 2018 & 2019

    ADB Puts GDP Growth Forecasts for Indonesia at 5.3% in 2018 & 2019

    The Asian Development Bank (ADB) stated in its Asian Development Outlook (ADO) report, which was released on Wednesday (11/04), that it expects the Indonesian economy to expand by 5.3 percent year-on-year (y/y) in 2018 and 2019 on the back of rising investment and an improvement in household consumption.

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  • CEOs Turn Less Optimistic about Indonesia's Politics and Economy

    CEOs Turn Less Optimistic about Indonesia's Politics and Economy

    Entering the second quarter of 2018 chief executive officers (CEOs) have become less optimistic about the Indonesian economy and politics. This should be no surprise considering there have emerged significant concerns about a looming global trade war (with the USA and China as main actors), while further monetary tightening in the USA has been putting pressure on the Indonesian rupiah.

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  • Economic Growth Indonesia Expected to Slow in First Quarter of 2018

    Economic Growth Indonesia Expected to Slow in First Quarter of 2018

    Despite (modestly) accelerating economic growth since 2016, concerns about Indonesia's gross domestic product (GDP) expansion persist. Indonesian Coordinating Minister for Economic Affairs Darmin Nasution said he expects Indonesia's economic growth to slow in the first quarter of 2018 (compared to Q1-2017) as the peak of the nation's big harvest is expected to occur in the second quarter this year (while last year it fell in the March/April period). Meanwhile, credit growth has remained bleak in Indonesia.

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  • China's Slowing Economic Growth Negative for Indonesia

    China's Slowing Economic Growth Negative for Indonesia

    The weakening growth trend of the Chinese economy may not have ended yet. Despite the nation's gross domestic product (GDP) growth rebounding to 6.9 percent year-on-year (y/y) in 2017, its economy is expected to cool in 2018 as a government-led crackdown on debt risks and factory pollution drags on overall activity in the world's second-largest economy. This is a problem for Indonesia as well because China is Indonesia's biggest trading partner.

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  • International Monetary Fund Positive of the Indonesian Economy

    International Monetary Fund Positive of the Indonesian Economy

    The International Monetary Fund (IMF) released a new report about the Indonesian economy - released on 6 February 2018 - in which the Washington-based institution paints a positive picture of the prospects for economic growth in Indonesia. Indonesia's real GDP growth is projected to rise gradually to 5.6 percent year-on-year (y/y) over the medium term, led by robust domestic demand.

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  • Bank Indonesia Estimates GDP Growth at 5.05% in 2017, 6% by 2022

    Bank Indonesia Estimates GDP Growth at 5.05% in 2017, 6% by 2022

    The central bank of Indonesia (Bank Indonesia) stated on Thursday (28/12) that it expects to see Indonesia's economic growth at 5.05 percent year-on-year (y/y) in full-year 2017, up modestly from 5.02 percent (y/y) in the preceding year. Bank Indonesia Governor Agus Martowardojo said the Indonesian economy is recovering unevenly yet gradually.

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  • Indonesia Is Not Reaping the Full Benefits of Urbanization

    Indonesia Is Not Reaping the Full Benefits of Urbanization

    Like in most other nations across the world, Indonesia is also experiencing rapid urbanization. Currently, 56 percent of the Indonesian population lives in urban areas (at the start of the century - in 2000 - the figure was 42 percent). Although urbanization is - in theory - an engine of economic growth, Indonesia is not reaping the full benefits of urbanization.

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  • World Bank Releases December Edition Indonesia Economic Quarterly

    World Bank Releases December Edition Indonesia Economic Quarterly

    The World Bank released the December 2017 edition of its flagship publication "Indonesia Economic Quarterly" on Thursday (14/12). This latest edition, which is titled "Decentralization that delivers", paints a positive picture about Indonesia's economic growth and financial system stability for the year 2018 and beyond.

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  • The Indonesian Economy: Several Remarks by the IMF Team

    The Indonesian Economy: Several Remarks by the IMF Team

    The International Monetary Fund (IMF) released several preliminary statements related to the latest visit of a IMF team, led by Luis E. Breuer, to Indonesia (the visit took place between 1 - 14 November 2017). Overall, the team sees the continuation of good economic growth in Indonesia, supported by prudent macroeconomic policies, improved global GDP growth and rising commodity prices, as well as sustained efforts to strengthen the nation's competitiveness.

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Latest Columns GDP

  • Subscriber Update - Bank Indonesia Goes for Another Interest Rate Cut

    Subscriber Update - Bank Indonesia Goes for Another Interest Rate Cut

    It came as a big surprise to us when the central bank of Indonesia (Bank Indonesia) announced on 19 November 2020 (the day it concluded its two-day monetary policy meeting) that it decided to cut its benchmark interest rate (the seven-day reverse repo rate) by 25 basis points to 3.75 percent. Bank Indonesia also cut its deposit facility and lending facility rates by 25 basis points to 3.00 percent and 4.50 percent, respectively.

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  • September 2020 Report Indonesia Investments; Infrastructure in Focus

    September 2020 Report Indonesia Investments; Infrastructure in Focus

    Across the world, concern over the COVID-19 pandemic grew in September 2020 as the number of new COVID-19 cases continued to rise rapidly. Worldwide, at the end of September 2020, some 34 million people have been infected with the virus, while more than one million people have died after contracting the virus.

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  • Analysis of Indonesia’s Economic Growth in Q2-2020; Feeling the Peak Impact of the COVID-19 Crisis

    Analysis of Indonesia’s Economic Growth in Q2-2020; Feeling the Peak Impact of the COVID-19 Crisis

    On 05 August 2020, Statistics Indonesia (BPS) released Indonesia’s gross domestic product (GDP) data for the second quarter of 2020. These data, which were highly anticipated among analysts and policymakers, are crucial to comprehend how – and to what extend – the self-imposed social and business restrictions (made in response to the COVID-19 pandemic) have impacted on the Indonesian economy.

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  • Economic Update Indonesia; World Bank Upgrades Indonesia to Upper-Middle Income Country

    Economic Update Indonesia; World Bank Upgrades Indonesia to Upper-Middle Income Country

    Good news at the start of July 2020. The World Bank upgraded Indonesia’s economic status to an ‘upper-middle income country’ (from ‘lower-middle income country’) per 1 July 2020. The key consideration for the World Bank was that Indonesia’s gross national income (GNI) per capita increased from USD $3,840 in 2018 to USD $4,050 in 2019. This means that an upgrade was needed (see the table below).

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  • Indonesia Investments' July 2020 Report; A Modest Rebound

    Indonesia Investments' July 2020 Report; A Modest Rebound

    It is becoming clearer by the day that economic growth in Indonesia, in 2020, will be derailed enormously. Analysts and authoritative institutions (both international and domestic ones) have, again, cut their forecasts for Indonesia’s economic growth in Q2-2020 (decisions that obviously also have consequences for Indonesia’s full-year 2020 economic growth outlooks).

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  • Economic Growth Update: Outlook for Indonesia and the World Remains Uncertain

    Economic Growth Update: Outlook for Indonesia and the World Remains Uncertain

    The most recent published outlooks for global economic growth and global trade are more pessimistic than their earlier versions, with the main reason being that there is no quick solution to the coronavirus (COVID-19) crisis. On the contrary, there is a high degree of uncertainty about when business can resume as usual. And, the closer we get to 2021, the less rosy outlooks are becoming for next year.

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  • Indonesian Economy Under Pressure in Q1, Bad Omen for GDP Growth in Remainder of 2020

    Indonesian Economy Under Pressure in Q1, Bad Omen for GDP Growth in Remainder of 2020

    On 5 May 2020 Statistics Indonesia (Badan Pusat Statistik, BPS), a non-departmental government agency, released the first quarter gross domestic product (GDP) data of Indonesia for the year 2020. These data were highly anticipated as policymakers, analysts, and stakeholders are particularly interested in finding out to what extent damage has been done to the Indonesian economy by the self-imposed restrictions.

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  • Economic & Political Update Indonesia May 2020 - In the Eye of the Storm

    Economic & Political Update Indonesia May 2020 - In the Eye of the Storm

    The economic and social consequences of the COVID-19 crisis are becoming increasingly clear and frightening. All the self-imposed restrictions on business and social behavior, taken by governments across the world, may protect people’s health to a significant extent, but the policy measures also have devastating economic and social consequences as economic activity nosedives, and businesses collapse. This results in unprecedented mass layoffs as well as growing poverty.

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  • IMF Expects the Worst Economic Downturn since the Great Depression

    International Monetary Fund (IMF) Expects the Worst Economic Downturn since the Great Depression

    In mid-April 2020 the International Monetary Fund (IMF) released its latest ‘World Economic Outlook’ report. It is in fact not a complete report. Considering the global economy has changed dramatically over the past months, the IMF’s previous update of the World Economic Outlook (released in January 2020) simply had no validity anymore, and therefore the IMF released one new chapter in mid-April 2020 (with the full report set to follow in May 2020).

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