Consumption in Indonesia
Indonesia - Consumption
GDP growth stable in Q1
Economic growth was unchanged in the first quarter, with GDP expanding 5.0% on an annual basis (Q4 2021: +5.0% year on year).
Household spending increased 4.3% in the first quarter, which was above the fourth quarter's 3.6% expansion. Conversely, fixed investment growth moderated to 4.1% in Q1, from the 4.5% recorded in the previous quarter. Meanwhile, public spending deteriorated, contracting 7.7% in Q1 (Q4 2021: +5.2% yoy).
On the external front, exports of goods and services growth fell to 16.2% in Q1, marking the slowest reading in a year (Q4 2021: +29.8% yoy). Similarly, imports of goods and services growth waned to 15.0% in Q1 (Q4 2021: +29.6% yoy), marking the weakest reading in a year.
Commenting on the on the release, Jonathan Sequeira, Rina Jio and Andrew Tilton, analysts at Goldman Sachs, remarked:
"Given the upside surprise, incorporating actual Q1 data would mechanically push our annual real GDP growth forecast up to 6.0% in 2022, from 5.7% previously. However, as the reopening rebound was faster-than-expected in Q1 despite the Omicron wave (we had built in more weakness in Q1, with a bigger rebound in Q2), we scale back our sequential growth forecasts for Q2 growth by revising it down to 1.2% s.a. qoq (from 1.5% s.a. qoq, previously). The overall effect of these changes is to keep our annual GDP growth forecast unchanged at 5.7%.”
FocusEconomics Consensus Forecast panelists expect GDP to expand 5.2% in 2022, which is unchanged from last month’s forecast. In 2023, GDP is seen growing 5.2%.
Indonesia - Consumption Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Consumption (annual variation in %) | 5.0 | 5.0 | 4.9 | 5.1 | 5.0 |
Indonesia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 7.10 | -0.05 % | Dec 31 |
| Exchange Rate | 13,883 | 0.05 % | Jan 01 |
Sample Report
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Economic News
-
Indonesia: Retail sales growth picks up pace in July
August 10, 2022
Retail sales increased 8.7% year on year in July (June: +4.1% yoy).
-
Indonesia: Inflation comes in at highest level in nearly seven years in July
August 2, 2022
Consumer prices rose 0.64% over the previous month in July, picking up from the 0.61% rise recorded in June.
-
Indonesia: Merchandise exports gain steam in June
July 15, 2022
Merchandise exports soared 40.7% in annual terms in June, following May’s 27.0% upturn.
-
Indonesia: Retail sales expand at quickest pace in over a year in June
July 11, 2022
Retail sales rose 15.4% year on year in June (May: +2.9% yoy).
-
Indonesia: Inflation comes in at highest level in five years in June
July 4, 2022
Consumer prices rose 0.61% in June over the previous month, accelerating from May's 0.40% rise.
© Copyright: 2022. | Indonesia Consumption | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed
