In the fourth quarter, GDP grew 6.5% over the same quarter the year before, maintaining the pace of expansion observed in the third quarter and matching market expectations. The continued resilience of domestic demand, in particular, an acceleration in fixed investment, boosted economic growth in the final quarter of 2011. In the full year 2011, the Indonesian economy grew 6.5%, up from the 6.1% rise recorded in 2010, and, in fact, the fastest pace since 1996. Private consumption increased 4.9% year-on-year (Q3: +4.8% yoy), while government consumption added 2.8%, mirroring the increase recorded in the third quarter. Fixed investment accelerated from a 7.1% rise in the third quarter to an 11.5% expansion in the fourth. On the external side, exports grew 7.9% in the fourth quarter, which was slower than the 18.1% pace recorded in the third quarter, while imports added 10.1% (Q3: +14.0% yoy). As exports lost steam, the external sector's net contribution to overall growth fell from 3.2 percentage points in the third quarter to 0.1 percentage points in the fourth. The Central Bank expects the economy to grow between 6.3% and 6.7% this year and between 6.4% and 6.8% in 2013.
Indonesian economy grows at fastest pace since 1996
February 6, 2012
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Indonesia Economic News
October 17, 2016
Indonesia’s trade surplus rose in September to a 14-month high as imports deteriorated.
October 12, 2016
Retail sales in August expanded 14.4% over the same month last year, according to Bank Indonesia’s Retail Sales Survey (RSS).
October 3, 2016
In September, consumer prices increased 0.22% from the previous month, which contrasted the 0.02% fall recorded in August.
October 3, 2016
The manufacturing Purchasing Managers’ Index (PMI) rose from 50.4 in August to 50.9 in September, according to a release provided by Nikkei and IHS Markit.
September 22, 2016
At its 21–22 September monetary policy meeting, Bank Indonesia decided to cut the BI seven-day Reverse Repo rate (BI seven-day RR rate) from 5.25% to 5.00%.