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Today's Headlines Gross Domestic Product

  • 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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  • Indonesian Finance Minister Sri Mulyani Talks Economic Growth

    Indonesian Finance Minister Sri Mulyani Talks Economic Growth

    Indonesian Finance Minister Sri Mulyani Indrawati believes economic growth of Indonesia in 2017 can exceed the target that was set by the central government in the state budget. While the official target in the 2017 State Budget was set at 5.1 percent year-on-year (y/y), Sri Mulyani expects to see the growth rate at 5.2 percent (y/y) on the back of rising consumption and investment, while she predicts an end to the trend of falling imports and exports.

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  • Economic Growth Indonesia: GDP at 5.02% in 2016, Not Good, Not Bad

    Economic Growth Indonesia: GDP at 5.02% in 2016, Not Good, Not Bad

    Indonesia's gross domestic product (GDP) expanded 5.02 percent year-on-year (y/y) in full-year 2016. Although the figure is higher compared to the revised 4.88 percent (y/y) growth pace that was recorded in the preceding year (hence effectively ending the nation's economic slowdown that occurred in the years 2011-2015), the slow pace of acceleration may disappoint part of the investor and analyst communities.

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  • UBS Investment Bank: Indonesia's GDP Growth at 4.8% in 2017

    UBS Investment Bank: Indonesia's GDP Growth at 4.8% in 2017

    UBS Investment Bank is less positive about Indonesia's economic growth in 2017 compared to most other institutions. The global financial services company, with its headquarters in Switzerland, expects to see the Indonesian economy growing by 4.8 percent year-on-year (y/y) in 2017. Edward Teather, Senior Economist for ASEAN and India at UBS, says the year 2017 is a year of adjustment and balancing for Southeast Asia's largest economy, while the role of fiscal support toward GDP growth is also seen declining this year. He added that 2018 will be the year in which Indonesia should see strongly accelerating economic growth.

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  • World Bank Optimistic about Private Investment in Indonesia

    World Bank Optimistic about Private Investment in Indonesia

    Rising private sector investment and strengthening commodity prices are the correct ingredients that can trigger accelerated economic growth in several Southeast Asian nations in 2017. In a report entitled "Global Economic Prospects: Weak Investment in Uncertain Times", which was released on Tuesday (10/01), the World Bank set its forecast for Indonesia's economic growth at 5.3 percent year-on-year (y/y) in 2017, followed by a 5.5 percent (y/y) growth rate in both 2018 and 2019, up from an estimated growth rate of 5.1 percent (y/y) in 2016.

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  • Bank UOB Indonesia Sees Economic Growth at 5.2% in 2017

    Bank UOB Indonesia Sees Economic Growth at 5.2% in 2017

    Bank UOB Indonesia expects the economy of Indonesia to accelerate to a growth pace of 5.2 percent year-on-year (y/y) in 2017, from an estimated 5.0 percent (y/y) this year. Economic acceleration of Indonesia comes despite expected slowing global economic growth. Kevin Lam, President Director at Bank UOB Indonesia, stated infrastructure development and the government's economic policy packages will boost the economy and generate employment thus stimulating household consumption.

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  • Economy of Indonesia: GDP Expands 5.02% in Q3-2016

    Economy of Indonesia: GDP Expands 5.02% in Q3-2016

    Statistics Indonesia (BPS) announced that Indonesia's gross domestic product (GDP) expanded by 5.02 percent year-on-year (y/y) in the third quarter of 2016, down from a revised 5.19 percent (y/y) growth pace in the preceding quarter but in line with forecasts. BPS Head Suhariyanto said Indonesian economic growth remained subdued amid bleak and uneven growth in major trading partners. Secondly, slowing government spending realization and a cut in spending (to prevent Indonesia's budget deficit from widening too much) affected the GDP growth rate of Southeast Asia's largest economy.

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  • The Economy of Indonesia More Promising in 2017

    The Economy of Indonesia More Promising in 2017

    Indonesia is expected to end the prolonged economic slowdown, finally, in 2016. Between 2011 and 2015 the nation's gross domestic product (GDP) continued to slide amid sluggish global growth, tumbling commodity prices and domestic changes (higher interest rate environment in 2013-2015 to combat sharply rising inflation as a result of subsidized fuel price reforms). In 2016 this prolonged slowdown will most likely end. Based on the latest forecasts, the Indonesian economy should expand by around 5.0 percent (y/y) this year, up from a growth pace of 4.7 percent in 2015.

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  • World Bank Releases East Asia and Pacific Economic Update

    World Bank Releases East Asia and Pacific Economic Update

    In its latest East Asia and Pacific Economic Update, titled "Reducing Vulnerabilities", the World Bank stated that it projects Indonesia's gross domestic product (GDP) to grow by 5.1 percent (y/y) in 2016 and 5.3 percent (y/y) in 2017 mainly supported by rising private consumption, a relatively stable rupiah rate, fiscal support (including higher personal income tax threshold), and accelerating government spending. Overall, the World Bank expects growth in developing East Asia and the Pacific to remain resilient over the next three years.

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Latest Columns Gross Domestic Product

  • Safeguarding Financial Stability: Some Notes on Indonesia's Trade Balance

    Safeguarding Financial Stability: Some Comments on Indonesia's Trade Balance

    Although Indonesia is the world's largest archipelago, contains an abundance of commodities and has the world's fourth-largest population, the country's export and import figures are still small compared to the world's leading exporting and importing countries (see table below). There are many - and much smaller - countries that post much more impressive import and export data. In terms of exports, Indonesia is too dependent on commodities (accounting for around 60 percent of all exports) causing problems in times of price downswings.

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  • Fitch Ratings Survey Shows Optimistic View on Indonesian Economy

    Fitch Ratings Survey Shows Optimistic View on Indonesian Economy

    Fitch Ratings, one of the three major global credit rating agencies, said that its latest annual survey on economic prospects and the business climate in Indonesia indicates an optimistic view. Respondents in the survey, mostly CEOs and Division Heads at financial institutions, companies, government and media, were asked 11 questions about the Indonesian economy, reformation and prospects for the next five years. Andrew Steel, Managing Director Head of Asia Pacific Corporate Ratings Group, presented results of the survey.

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  • What about Indonesia's Domestic Consumption in 2014?

    Recently, Statistics Indonesia (BPS) released various data in the context of Indonesia's gross domestic product (GDP). Economic expansion of Southeast Asia's largest economy slowed to 5.78 percent (year-on-year) in 2013. Household consumption accounted for the largest share of Indonesia's GDP (55.8 percent) and continued to grow significantly (5.28 percent yoy) in 2013. This consumer force is one of the main reasons why many foreign companies enter and expand their businesses in Indonesia.

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  • Analysis of Indonesia's 5.78% Economic Expansion in 2013

    Analysis of Indonesia's 5.78% Economic Expansion in 2013

    On Wednesday (05/02), Statistics Indonesia (BPS) reported that the economy of Indonesia expanded 5.78 percent in 2013. This result implies that in 2013 Indonesia experienced the slowest pace of GDP growth since its 4.63 percentage growth in 2009. However, this slowing growth was basically self-inflicted as both the Indonesian government and central bank (Bank Indonesia) used various monetary and fiscal policies to curb economic expansion in order to tackle several financial issues.

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  • Indonesia's Chamber of Commerce: Economic Growth Will Slow in 2014

    Indonesia's Chamber of Commerce: Economy Will Slow in 2014

    This year, legislative and presidential elections will be held in Indonesia. Obviously, there is a strong relationship between the politics and economics of a country. Businessmen from various sectors of Indonesia's economy have already been voicing their views. As the umbrella organization of the Indonesian business chambers and associations, Kadin Indonesia recently shared its views about the elections as well. The institute believes that the 2014 elections will run smoothly because Indonesia's democracy has matured.

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  • Analysis: What Caused Indonesia's Slowing Economic Growth in 2013

    Analysis: What Caused Indonesia's Slowing Economic Growth in 2013

    On Wednesday 5 February 2014, Statistics Indonesia (BPS, a non-departmental government institute) is expected to release Indonesia's official GDP growth figure for the year 2013. It is estimated that the outcome will be the lowest GDP growth figure since 2009 when Southeast Asia's largest economy grew 4.6 percent after feeling the impact of the global financial crisis. In 2013, again, Indonesia felt the negative influence of external troubles. And in combination with domestic factors, Indonesia's economic growth is expected to be around 5.7 percent in 2013.

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  • Debt of Indonesia Rising but Healthy with Public Debt-to-GDP Ratio at 28.7%

    Total government debt of Indonesia rose IDR 781 trillion (USD $64.5 billion) between 2009 and 2013 to IDR 2,371.39 trillion (USD $196 billion). This growing outstanding government debt is mainly caused by government loans to finance its State Budgets (APBN) as well as recent sharp rupiah depreciation (as part of this debt is denominated in foreign currencies). In the same period, Indonesia's per capita debt rose from IDR 6.8 million (USD $561) to IDR 8.6 million (USD $710), a 26.4 percent growth.

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  • Reduced Capital Injections Can Hurt Financial Stability Emerging Economies

    Reduced Capital Injections Can Hurt Financial Stability Emerging Economies

    According to the World Bank, a sharp dismantling of capital injections by the central banks can lead to a 80 percent reduction of capital inflows into the emerging economies, including Indonesia. This can cause serious damage or even a crisis situation in an emerging market because capital flows to these countries are more triggered by global factors than domestic ones. The winding down of the Federal Reserve's bond-buying program (quantitative easing) has been gradual for now but if interest rates rise quickly it can hurt emerging economies.

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  • Indonesia’s External Debt Continues its Slowing Trend in October 2013

    Indonesia’s external debt growth continued to slow in October 2013. Debt grew 5.8 percent (yoy) to USD $262.4 billion compared to 8.6 percent (yoy) growth in the previous month. Slowing growth in external debt occurred both in the public and private sector. Public sector external debt position at the end of October 2013 grew 0.5 percent (yoy) to USD $125.8 billion compared to 2.1 percent (yoy) in September. Meanwhile, private sector external debt grew steadily at 11.1 percent (yoy) to USD $136.6 billion as compared to the previous month.

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  • Analysis of Indonesia’s 5.62% Economic Growth Rate (GDP) in Q3-2013

    Indonesia will most likely not meet its original GDP growth target of 6.3 percent (stipulated in the 2013 State Budget). Yesterday (06/11), it was announced by Statistics Indonesia that Indonesia’s GDP growth figure in the third quarter of 2013 was recorded at 5.62 percent (year-on-year, yoy), the weakest quarterly growth figure since 2009 when the global financial crisis impacted on Southeast Asia’s largest economy. In 2013, Indonesia feels the global impact again, in combination with domestic factors.

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