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Today's Headlines GDP

  • Economic Growth Indonesia Estimated at 5.1% in 2017

    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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  • Macroeconomic Update Indonesia: Rupiah, GDP & Budget Deficit

    Macroeconomic Update Indonesia: Rupiah, GDP & Budget Deficit

    Agus Martowardojo, the governor of Indonesia's central bank (Bank Indonesia), provided some new forecasts with regard to Indonesia's economic growth and rupiah. On Tuesday (06/06) Martowardojo told at a parliamentary hearing that he expects the rupiah to depreciate modestly in 2018, while economic growth should accelerate. Meanwhile, Indonesian Finance Minister Sri Mulyani Indrawati said Indonesia's state budget deficit is estimated to widen slightly more-than-expected in 2017.

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  • Indonesia Should Attract More Investment to Boost Economic Growth

    Indonesia Should Attract More Investment to Boost Economic Growth

    After Standard & Poor's (S&P) assigned investment grade status to Indonesia's sovereign rating, hence boosting positive perceptions about the Indonesian economy, the government should use this momentum to encourage public and private investment to push macroeconomic growth to the targeted range of 5.4 - 6.1 percent year-on-year (y/y) in 2018.

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

    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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  • Indonesia Stock Market Update: Commodities Down, Awaiting GDP

    Indonesia Stock Market Update: Commodities Down, Awaiting GDP

    Stocks are under pressure in Asia on Friday morning (05/05) as metal prices continue to slide, while crude oil prices suffered their lowest close since November 2016 after a near five percent plunge yesterday on concerns of a US oil supply glut with analysts forecasting further losses, hence undermining the Organization of the Petroleum Exporting Countries (OPEC)'s earlier efforts to boost the oil price through production cut agreements (chances of seeing deeper cuts in OPEC nations are slim).

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

    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%

    Economic Growth Indonesia in Q1-2017 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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Latest Columns GDP

  • Bank Indonesia: Current Account Deficit Will Continue to Ease in 2014

    The central bank of Indonesia (Bank Indonesia) estimates that Indonesia's current account deficit will ease to 3.5 percent of the country's gross domestic product (GDP) by the end of 2013. Indonesia's wide current account deficit has been one of the major financial troubles this year and managed to weaken investors' confidence in Southeast Asia's largest economy. Thus, Indonesia became one of the hardest hit emerging countries after the Federal Reserve started to speculate about an ending to its quantitative easing program.

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  • Bank Indonesia's 7.50% Policy Rate in Line with Current Economic Conditions

    Bank Indonesia's 7.50% Policy Rate in Line with Current Economic Conditions

    In Bank Indonesia's board of governors' meeting, which was held on Thursday (12/12), it was decided to maintain the country's benchmark interest rate (BI rate) at 7.50 percent. This decision was in line with market expectation but was unable to support the Jakarta Composite Index and rupiah exchange rate. The lending facility and deposit facility interest rates were also maintained at 7.50 percent and 5.75 percent respectively. Bank Indonesia decided not to change the rate as Indonesia's inflation outlook for 2014 is still within target.

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  • Indonesia's 2014 Elections Expected to Boost Economic Growth to 6%

    Indonesia's 2014 Elections Expected to Boost Economic Growth

    Rudi Wahyono, Executive Director of the Indonesian Center for Information and Development Studies (Cides), believes that Indonesia's economic expansion in 2014 will be divided in two stages: before and after the legislative and presidential elections. Before the 2014 elections, Wahyono expects that economic growth will be slightly lower at 5.7 percent compared to the period after the elections when growth is expected to hit 6 percent. Growth in the first half of 2014 will be less strong as investors are waiting for the election results.

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  • Monthly Economic Review: Overview of Indonesia's Macroeconomic Data

    ICRA Indonesia, an independent credit rating agency and subsidiary of ICRA Ltd. (associate of Moody's Investors Service), publishes a monthly newsletter which provides an update on the financial and economic developments in Indonesia of the last month. In the November 2013 edition, a number of important issues that are monitored include Indonesia's inflation rate, the trade balance, the current account deficit, the IDR rupiah exchange rate, and gross domestic product (GDP) growth. Below is an excerpt of the newsletter:

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  • Indonesia Financial Market Update: Indonesia's Current Account Deficit

    Currently, one of Indonesia's main financial issues (and one which puts serious pressures on the Indonesian rupiah exchange rate) is the country's wide current account deficit. According to data from Statistics Indonesia, Indonesia's current account deficit totaled USD $8.4 billion in the third quarter of 2013. This figure is equivalent to a whopping 3.8 percent of Indonesia's gross domestic product (GDP). Generally, a current account deficit that exceeds 2.5 percent of GDP is considered unsustainable.

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  • Rising Tourism and Business; Foreign Investors Keen on Hotels in Indonesia

    With having more than 10,000 islands, Indonesia offers an unique natural scenery. The country contains all sorts of attractive options for tourism, including seas, beaches, mountains and much more. Not surprisingly, tourist arrivals in Indonesia continue to grow. Based on data from Statistics Indonesia (BPS), released in early November 2013, the number of foreign tourist arrivals between January and September 2013 reached 6.41 million, an increase of 8.8 percent from the same period last year.

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  • The Netherlands Sends Largest Ever Trade Mission to Indonesia

    The Netherlands Sends Largest Ever Trade Mission to Indonesia

    This week, a group of Dutch politicians and businessmen, led by prime minister Mark Rutte, will pay a four day visit to Indonesia. The aim of the visit is to smoothen bilateral relations and search for business opportunities between both countries. This Dutch group, which includes more than one hundred Dutch company delegates, forms the largest Dutch trade delegation that has visited Southeast Asia's biggest economy in the modern history. However, relations between the Netherlands and Indonesia are still complex today.

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  • Unable to Continue Rebound; Indonesia's Stock Index Falls 0.73%

    Indonesia's benchmark stock index (IHSG) was not able to continue its rebound. On Friday (15/11), the IHSG fell 0.73 percent to 4,335.45 points amid widespread profit taking. Foreign investors recorded net selling of IDR 193 billion (USD $16.9 million) on today's trading day. Moreover, investors are concerned about the impact of the higher interest rate of the central bank (7.50 percent), particularly on the property and banking sectors in the fourth quarter of 2013.

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  • Update Indonesian Economy: Economic Growth and Financial Stability

    Despite rising concerns about the slowing pace of the Indonesian economy, the deputy minister of Finance Bambang Brodjonegoro reminded investors that Indonesia's economic growth in the third quarter of 2013 still constitutes one of the highest growth rates around the globe. Economic expansion in Q3-2013 slid to 5.6% in Southeast Asia's largest economy. With the exception of China (7.8% GDP growth in Q3-2013), Indonesia's growth continues to outpace growth in other emerging markets, such as Brazil (3.3%) and Turkey (4%).

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  • Bank Indonesia Raises Benchmark Interest Rate (BI Rate) to 7.50%

    Bank Indonesia decided to raise the BI rate by 25 bps to the level of 7.50 percent, with the Lending Facility rate and Deposit Facility rate raised to 7.50 percent and 5.75 percent respectively. This policy was taken in light of the persistently large current account deficit amid widespread global uncertainty. Therefore, the decision was taken in order to ensure that the current account deficit is reduced to a more sound level and inflation in 2014 returns to around 4.5±1 percent, thereby supporting sustainable economic growth.

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