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Today's Headlines Gross Domestic Product

  • Bank Indonesia Cuts 2015 Inflation Projection to 3.6%

    The central bank of Indonesia (Bank Indonesia) expects to see a sharp slowdown in inflation in the last couple of months of 2015. Currently, the annual inflation pace stands at 6.83 percent (y/y). However, by the year-end Bank Indonesia estimates the consumer price index to have eased to 3.6 percent (y/y), which would be in the lower range of its 2015 inflation target (3-5 percent y/y). This update was given by Bank Indonesia Governor Agus Martowardojo when meeting the Financial Sector Stability Coordination Forum (FKSSK).

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  • Bank Indonesia Keeps Key BI Rate at 7.50% in October Policy Meeting

    As expected, the central bank of Indonesia (Bank Indonesia) left its benchmark interest rate (BI rate) unchanged at 7.50 percent at the October Board of Governor's meeting on Thursday (15/10). Meanwhile, Bank Indonesia maintained the deposit facility rate and the lending facility rate at 5.50 percent and 8.00 percent, respectively. Rates were left unchanged as the global economic outlook remains highly uncertain. This jeopardizes the stability of the Indonesian rupiah.

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  • Bank Indonesia Cuts 2016 Forecast Economic Growth Indonesia, Keeps High BI Rate

    For the second time, the central bank of Indonesia (Bank Indonesia) cut its 2016 forecast for economic growth in Indonesia, Southeast Asia’s largest economy. Due to persistent low commodity prices and weak export figures, the central bank now estimates that Indonesia’s economy will grow in the range of 5.2 - 5.6 percent (y/y) next year, down from its earlier outlook of 5.3 - 5.7 percent and the initial outlook of 5.4 - 5.8 percent.

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  • Central Bank: Economy of Indonesia Expected to Grow 4.89% in 2015

    Agus Martowardojo, Governor of Indonesia’s central bank (Bank Indonesia), said on Thursday (27/08) that the nation’s economic growth pace is expected to reach 4.89 percent (y/y) in full-year 2015, down from 5.0 percent (y/y) in the preceding year and it would mark the fifth straight year of economic slowing. Earlier this week, Bank Indonesia had already revised down its economic growth forecast to the range of 4.7 - 5.1 percent (y/y) in 2015 (from 5.0 - 5.4 percent previously).

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  • Apindo: Indonesian Unemployment Rate to Rise due to Economic Slowdown

    As Indonesia’s economic growth continued to slow in the second quarter of 2015, the Indonesian Employers Association (Apindo) warned of increasing unemployment in Southeast Asia’s largest economy. Each 1 percent gross domestic product (GDP) growth can generate between 200,000 and 300,000 new jobs in Indonesia. As such, when economic growth slows, society misses out on new jobs and with around two million Indonesians entering the labor force each year, job generation is an important task of the government.

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  • Joko Widodo: Economic Growth Indonesia to Accelerate in Late 2015

    In response to the release of Indonesia’s official Q2-2015 GDP growth figure, which puts the country’s economic growth pace at 4.67 percent year-on-year (a six-year low), President Joko Widodo said the economy of Indonesia is bound to improve in the second quarter of the year, particularly from September onwards. Widodo said slowing economic growth was the result of troubled government budget absorption at both the central level and regional level. Moreover, the country has been plagued by external factors.

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  • Economy of Indonesia: GDP Growth Slows to 4.67% y/y in Q2-2015

    Statistics Indonesia (BPS) announced today (05/08) that the Indonesian economy grew 4.67 percent (y/y) in the second quarter of 2015, the slowest pace since 2009. However, the result was in line with expectation. Most analysts assumed that economic growth would continue to slow as there has been no rebound in global commodity prices, interest rates remained high, people’s purchasing power weakened, government spending remained problematic, companies Q2-2015 earnings reports were not too good, and manufacturing contracted.

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  • Indonesian GDP Growth and Inflation Expected to Slow further

    The pace of economic growth of Indonesia is expected to remain below five percent year-on-year (y/y) in the second quarter of 2015 according to Reuters poll involving 22 analysts. In fact, the poll shows that further slowing economic growth is expected. In the first quarter of 2015, Indonesia’s economic growth came at 4.71 percent (y/y), the weakest growth pace in six years. According to the poll, analysts see a gross domestic product (GDP) growth rate of 4.61 percent (y/y) in the second quarter of 2015.

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  • ADB Cuts Asia’s Economic Growth Outlook on Slowing Growth China & USA

    The Asian Development Bank (ADB) announced that it cut its 2015 and 2016 economic growth forecasts for both China and other developing Asian countries due to the persistent economic slowdown in the world’s second-largest economy. China’s economic expansion is projected to reach 7 percent (y/y) in 2015 and 6.8 percent (y/y) in 2016. Both these outlooks were down 0.2 percentage point from the ADB’s previous projection. Due to the size of China’s economy, economic slowing will drag down growth in the whole Asian region.

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  • IMF Cuts Global Growth Outlook 2015; BI Sees Flat Growth in Q2-2015

    The International Monetary Fund (IMF) cut its forecast for global economic growth in 2015 to 3.3 percent (y/y), from 3.5 percent (y/y) previously, as the harsh winter impacted on the US economy and drags down global growth accordingly. In the first quarter of 2015, the US economy contracted 0.2 percent (y/y). Moreover, turmoil in Greece and China cause great volatility on international financial markets, the Washington-based institution said in an update to its World Economic Outlook (WEO) on Thursday (09/07).

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Latest Columns Gross Domestic Product

  • 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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  • 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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  • 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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  • Economic Growth Indonesia in 2016? Key Lies in Regions

    After Indonesian Finance Minister Sri Mulyani Indrawati said she expects Indonesia's gross domestic product growth at 5.1 percent (y/y) in full-year 2016, Chief Economics Minister Darmin Nasution is slightly more optimistic. Nasution puts his GDP growth projection at 5.2 percent (y/y) this year despite the government's spending budget being cut by IDR 137.5 trillion. According to Nasution, rising investment realization should push economic growth to 5.2 percent (y/y), offsetting the negative impact of fewer state spending.

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  • Asian Development Bank: Economic Growth Asia Undimmed by Brexit

    The Asian Development Bank (ADB) said economic growth in developing Asia is relatively untouched by the recent "Brexit" vote (Britain's decision to exit the European Union). The ADB only cut its outlook for economic growth in developing Asia by 0.1 percentage point to 5.6 percent (y/y) in 2016. Within a two-week period Asia's emerging market stocks and currencies pared the heavy losses that occurred around 23 June 2016 when - amid heightened concern about the global economy - a flight to safety emerged.

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  • Bank Indonesia Revises Down 2016 Economic Growth Projection

    The central bank of Indonesia (Bank Indonesia) revised down its projection for Indonesia's economic growth in 2016 to the range of 5.0 - 5.4 percent (y/y), slightly below its previous forecast in the range of 5.2 - 5.6 percent (y/y). Bank Indonesia Governor Agus Martowardojo said the central bank decided to trim its projection for gross domestic product (GDP) growth this year due to sluggish global economic growth, low commodity prices, and Indonesia's slightly disappointing Q1-2016 GDP growth figure at 4.92 percent (y/y).

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  • Asian Development Bank: Economic Growth Indonesia to Rebound in 2016

    The Asian Development Bank (ADB) expects Indonesia's economic growth to rebound in 2016 on the back of improving government spending realization (specifically on infrastructure development) and the series of economic policy packages that have been unveiled by the government since September 2015. Consumers and private investors are expected to respond positively to these government efforts hence contributing to macroeconomic growth.

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  • International Monetary Fund (IMF) Sees Indonesia's GDP Growth at 4.9%

    The International Monetary Fund (IMF) expects Indonesia's economy to expand 4.9 percent year-on-year (y/y) in 2016, slightly up from a 4.8 percentage point (y/y) growth of gross domestic product (GDP) in 2015. On Tuesday (15/03) Luis Breuer, IMF Mission Chief for Indonesia, said the Washington-based lender projects limited growth (+0.1 percent) of Indonesia's private consumption this year. Regarding growth of investment and government spending in 2016, the IMF holds a more positive view. On the same day, the World Bank cut its forecast for Indonesia's 2016 GDP growth by 0.2 percent to 5.1 percent.

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  • GDP in Focus: Analysis Indonesia's 5.04% Economic Growth in Q4-2015

    The Indonesian economy expanded 5.04 percent year-on-year (y/y) in the fourth quarter of 2015, slightly beating analyst expectations and constituting the highest quarterly growth pace since Q1-2014 thus providing optimism that Indonesia's economic growth will finally be able to accelerate in 2016 after six years of economic slowdown (therefore Indonesia's benchmark Jakarta Composite Index surged a staggering 2.85 percent on Friday). In full-year 2015 the economy of Indonesia expanded 4.79 percent (y/y), the slowest growth pace since 2009.

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  • Property Indonesia: Bumi Serpong Damai Expected to Perform Well

    Indonesian real estate developer Bumi Serpong Damai could be one of the country's property developers that benefits the most from an improving Indonesian economy in 2016 due to the firm's availability of land reserves in a number of regions. Purchasing power is expected to accelerate, authorities eager to boost mortgage lending, a possible BI rate cut somewhere in 2016, while many - among the young and large population - will buy their first house or apartment in the next couple of years.

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