For 2019, the economy expanded 5.02 percent, below market expectations of 5.03 percent and the government's 5.3 percent target.
Bank Indonesia expects a GDP growth rate of 5.3 percent in 2020.Indonesia's annual economic growth eased slightly to 5.02 percent in the third quarter of 2019 from 5.05 percent in the previous three-month period and compared to market consensus of 5.01 percent. World Bank national accounts data, and OECD National Accounts data files. Finance Minister Sri Mulyani last month predicted economic growth of 5.06% for the October-December quarter.
Reference License: CC BY-4.0 Line Bar Map. GDP Annual Growth Rate in Indonesia averaged 5.24 percent from 2000 until 2020, reaching an all time high of 7.16 percent in the fourth quarter of 2004 and a record low of 1.56 percent in the fourth quarter of 2001. According to the agency, the Indonesian economy expanded by 2.97 percent year-on-year (y/y) in the first quarter of 2020. However, considering we are in uncharted waters it is very difficult to set a reliable forecast. That would bring 2019 growth’s to 5.02%, below the government’s 5.3% target, she said. We are active across digital and events.Indrawati: Indonesia’s Economic Growth Depresses in 2Q of 2020By the end of this year, she estimated the economic group will ended in the range -0.4 percent to 2.7 percent of gross domestic products (GDP). Statistics Indonesia (BPS) released its Q1-2020 gross domestic product (GDP) data for Indonesia on Tuesday (5 May 2020). Within industry, the most important is manufacturing, which has been one of the main growth engines (24 percent of total output). According to OECD, the real GDP growth in Indonesia reached the highest level of 6.4% in 2010. 3 Min Read. is expected only grow by 2.5 percent in 2020 amid the epidemic. The government has sought to prop up GDP growth by making no significant cuts in its spending, despite a $15 billion revenue shortfall in 2019. Last year, Indonesia’s economy was battered by falling exports in line with slowing global trade due to the protracted U.S.-China tariff dispute and sluggish investment, with businesses adopting a wait-and-see approach due to domestic elections. However, the virus could also be seen as an opportunity, Sumual said.
in 2019, the Southeast largest economy rose 5.0 percent of the GDP. Indonesia's GDP growth is expected at -1% in 2020 and 5.3% in 2021 – Source: ADOS 2020 (June 2020) Indonesia's inflation rates forecasted at 2.0% in 2020 and 2.8% in 2021 – Source: ADOS 2020 (June 2020) There have been no confirmed cases of coronavirus in Indonesia. Services constitute 38 percent of total GDP. Research Report: Indonesia's Energy Sector 17 July 2020; Indonesia’s Trade Balance Swings Back to a Surplus in May 2020 as Imports Plummet 09 July 2020 GDP growth (annual %) - Indonesia.
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