Indonesia GDP


Economic growth remains buoyant in Q2

In the second quarter, GDP grew 6.4% over the same quarter last year, which was up from both the 6.3% increase observed in the first quarter as well as market expectations of a more moderate 6.1% expansion. The result mainly reflected robust domestic demand, which compensated for weaker export growth. Private consumption maintained its resilience and added 5.0% year-on-year, which was virtually unchanged from the 4.9% rise observed in the first quarter. In addition, fixed investment accelerated from a 10.0% rise in the first quarter to a 12.3% expansion in the second. Finally, government consumption rose 7.0% (Q1: +5.9% year-on-year). On the external side, exports slowed notably to a mere 1.9% expansion in the second quarter, down from the 7.9% rise observed in the first quarter. Imports, on the other hand, added 10.9% (Q1: +8.0% yoy). As a result, the external sector's net contribution to overall growth deteriorated from minus 0.9 percentage points in the first quarter to minus 4.6 percentage points in the second.

Sample Report

Looking for forecasts related to GDP in Indonesia? Download a sample report now.


Indonesia GDP Chart

Indonesia GDP Type Q2 2012

Note: Year-on-year changes of GDP in %.
Source: Statistics Indonesia (BPS) FocusEconomics Consensus Forecast.

Indonesia Economic News

More news

Search form