Indonesia GDP Annual Growth Rate

Last Release

Dec 31, 2024

Actual

5.02

Units In

4.95

Frequency

Quarterly

Next Release

May 05, 2025

Time to Release

2 Months 25 Days 14 Hours

Highest	Lowest	Average	Date Range	Source
7.16 Dec 2004	-5.32 Jun 2020	4.89 %	2000-2024	Statistics Indonesia

Indonesia is the largest economy in South East Asia. Industry accounts for the largest share of GDP (46.5 percent of total GDP). Within industry, the most important is manufacturing, which has been one of the main growth engines (24 percent of total output). Mining and quarrying accounts for 12 percent, construction for 10 percent and electricity, gas and water supply for 0.75 percent. Services constitute 38 percent of total GDP. Within services, the most important are: trade, hotel and restaurants (around 14 percent of GDP); transport and communication (7 percent of GDP); finance, real estate and business services (7 percent of GDP) and government services (6 percent). Agriculture accounts for the remaining 15 percent.

Latest Updates

Indonesia's economy expanded 5.02% yoy in Q4 of 2024, surpassing market estimates of 4.98% and quickening from the slowest rise in a year of 4.95% in Q3. Private consumption grew slightly faster (4.98% vs 4.91% in Q3), despite moderation in both government spending (4.17% vs 4.62%) and fixed investment (5.03% vs 5.16%). On the trade front, exports slowed (7.63% vs 8.79%) amid soft global demand, while imports remained resilient (10.36% vs 11.92%). Production-wise, output accelerated for mining (3.95% vs 3.46%), manufacturing (4.89% vs 4.72%), communication (7.45% vs 6.82%), wholesale and retail trade (5.19% vs 4.82%), real estate (2.97% vs 2.32%), and education (2.95% vs 2.56%). For the full year, the economy grew by 5.03%, missing the official target of 5.2% and marking the lowest reading in three years. For 2025, the GDP growth target remains at 5.2%. However, the central bank recently cut its growth forecast for this year to 4.7%-5.5% from 4.8%-5.6%, citing US tariff disruptions.