GDP (current US$) - Indonesia | Data However, the plan has recently been broken down into two phases. 2019 Handbook of Energy & Economic Statistics of Indonesia Introduction This Handbook of Energy and Economic Statistics of Indonesia contains the data on Indonesia's energy and economy from 2009 through 2019. GDP growth moderated to 3.5% year-on-year in the third quarter, from 7.1% in the second quarter. 4 Commodity and agriculture production has This infographic is based on data compiled by the Department of Statistics, other government agencies and statutory boards. Line Bar Map. Indonesia, the largest economy in Southeast Asia, has seen a slowdown in growth since 2012, mostly due to the end of the commodities export boom. Line Bar Map. In today's world, US in-vestment is also helping to drive transfor-mation in the economy as apps, Industry 4.0 public policy debate and is geared towards a wide audience, including the general public, the government, the private sector, civil society organizations, and other domestic and international . Indonesia. In June, International Monetary Fund predicted that the global economy would shrink by 4.9 percent in 2020, warning of especially harsh conditions for low-income households. Highest values. Indonesia's economy, the largest in Southeast Asia, has performed relatively well in the recent years. The description is composed by our digital data assistant. This is followed by the trade sector with 15.99 per cent contribution while a 13.12 per cent contribution of the information and communication sector to total GDP was recorded in the same period owing to the growth in the "Broadcasting Subsector". The tables and annexes are arranged as follows: A. None. First, it reports on the key developments in Indonesia's economy over the past three months, and places these in a longer-term and global context. % of GDP 2019 Indonesia (red), OECD - Total (black) Pension funds' assets Indicator: 21 701.4 Total Million US dollars 2020 Indonesia Million US dollars: Total Million US dollars 2001-2020 Indonesia (red) Total Million US dollars 2020 Indonesia (red) Short-term interest rates Indicator: 3.8 Total % per annum Nov-2021 See the CIA World Factbook for more information. Inflation expectations remain well anchored and the pass-through of . The island of Sulawesi is Indonesia's main cocoa-producing region. In 2017, the country welcomed over 14 million overseas visitors, an increase of more than 2 million from the previous year.This rapid increase in . Meanwhile, the share of employment within this sector decreased at a more rapid pace to 29% in 2019, compared to 40% in 2010, suggesting an increase in labor productivity in the primary sector. The annual real GDP growth has been above 5% since 2015, and inflation stable at around 3%. The budget deficit is expected to narrow in 2018 and 2019, expanding the buffer vis-à-vis the legislated cap of 3% of GDP. Indonesia GDP 1967-2021. Indonesia's recovery has been delayed by renewed restrictions and uncertainty as the Delta COVID-19 variant spread rapidly. In 2020, Indonesia's automotive total industry volume (TIV) dropped by 48.4%, compared to 2019, with only 532,030 units being sold The passenger vehicle (PV) segment remained dominant with 73.1% . Asia Economic Overview 2019 Thailand Consumer Survey Topical Views from Our Expert Industry Sector Update Thailand Economic Review 2019 Survey. Same region. World Bank national accounts data, and OECD National Accounts data files. and industry recorded the highest economic losses from forest fires . GDP growth is projected to remain healthy (Table A). It consists of over 17,000 islands, including Sumatra, Sulawesi, Java, and parts of Borneo and New Guinea.Indonesia is the world's largest island country and the 14th-largest country by area, at 1,904,569 square . Representing about 40% of the economy and the population of ASEAN, Indonesia is the region's only member of the G20. In 2016, through the Presidential Decree No. Looking at the GDP figures from a historic perspective allows an understanding of what phase is the economy of a country at the moment. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. Indonesia's importance is underscored by its sizeable population of 250 million people - the fourth-largest in the world - and its significant role as a major producer and consumer of energy in regional and international markets. Economic systems around the world have ground to a virtual halt as trade flows and tourism have evaporated because of the COVID-19 crisis. Aggregates. economy in 2019 which will be helpful for us to keep improving continuously. During the global financial crisis, Indonesia outperformed its regional neighbors and joined China and India as the only G20 members posting growth. The hotel and restaurant sector has the largest impact on the formation of output by -99.09 trillion rupiah. According to the results of the analysis up to October 2020, Indonesia lost potential income in the tourism sector by 165.97 trillion rupiah. That partnership continues as we found that the US, with $36 billion invested from 2013 to 2017, remains likely the largest source of FDI for Indonesia. Overview of business in Indonesia. None. Its nominal GDP in 2018 was $1.02 trillion. Tables In 2020, the share of agriculture . Indonesia projects 9% growth for food and beverage manufacturing industry in 2019 with US$4.4bn investments. Indonesia - GDP Growth moderates in Q3. Crops are listed by export value. In today's world, US in-vestment is also helping to drive transfor-mation in the economy as apps, Industry 4.0 First, it reports on the key developments in Indonesia's economy over the . Nominal GDP sector composition (2005 constant prices) Nominal GDP sector composition, 2015 (in millions of 2005 USD ): [5] [6] 2005 prices are used similarly to 2010 constant prices in which they provide economic statistics where inflation is accounted for. Economic growth will accelerate in 2022 from the subdued performance recorded in 2021, amid the rampant spread of the coronavirus. Rising incomes and consumer confidence will support a pick-up in private It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. That partnership continues as we found that the US, with $36 billion invested from 2013 to 2017, remains likely the largest source of FDI for Indonesia. Indonesia - GDP Growth moderates in Q3. Population figures based on United Nations data. No claims are made regarding the accuracy of GDP - composition, by sector of origin - services(%) information contained here. Note: Top 3 trade partners are calculated by imports + exports. The government has ambitious plans to propel the country into the top ten biggest economies in the world by 2030, with manufacturing at the heart of this goal. An animated overview of the Singapore economy, presenting the latest GDP, growth and industry breakdown, latest data and partners in investments in Singapore and abroad, profile of enterprises, and latest data and partners in trade in goods and services. Indonesia's tourism industry is booming. Amid the COVID-19 pandemic, the F&B sector has emerged as one of the more resilient pockets of growth in Indonesia's economy. The Indonesia Economic Prospects (IEP) is a bi-annual World Bank report that assesses recent macroeconomic developments, outlook and risks, . This prediction, which was set in the 2019 State Budget, is lower than that of the 2018 State Budget of 5.4% but still higher than the World Bänk's forecast of 5.2%. Growth in 2021 is projected to be relatively modest at 3.3%, but will rebound in 2022 and 2023 to above 5% as the normalising health situation allows consumer demand and investor confidence to return. Aggregates. Get in touch with us now. The Jokowi government forecasts that Indonesia's economy will only grow by 5.3% in 2019. Power sector investment in Indonesia in 2019 versus 2025-2030 average annual investment needs in the Sustainable Development Scenario Open. source: World Bank 10Y 25Y 50Y MAX Chart Compare Export API Embed Indonesia GDP In September 2021, the state-owned electricity utility (PLN) released Indonesia's new ten-year plan for the electricity sector after over two years of delay (RUPTL 2021-2030). Currently, Indonesia's tourism sector accounts for approximately four percent of the total economy. , Jul 22, 2021. Bringing this down to 16% of GDP, the . ernment of Indonesia, helped spur massive economic growth over many decades. Economy 2020. Indonesia, the largest economy in Southeast Asia, has seen a slowdown in growth since 2012, mostly due to the end of the commodities export boom. The gross domestic product (GDP) or value of all final goods produced by the industrial sector within a nation in a given year. Indonesia's GDP growth was broadly stable at 5.1% in the first quarter of 2019. The Basic Statistics brochure presents data on selected social, economic, and SDG indicators such as population, poverty, annual growth rate of gross domestic product, inflation, and government finance for economies in Asia and the Pacific. A historical reliance on natural resources has left its industry lagging behind that of regional peers Thailand, Malaysia and Vietnam in terms of exports, even as the country . The Indonesian freight and logistics market (henceforth, referred to as the market studied) was valued at USD 81.30 billion in 2020, and it is expected to reach USD 138.04 billion by 2026, registering a growth rate of 9.22% during the forecast period. Based on these developments and on policy Indonesia is also the largest economy in ASEAN and an active member of the G20, APEC and ASEAN. BPS (2020) reported that the number of foreign tourist visits increased by an average of 10 percent per year, from 10.23 million in 2015 to 16.11 million in 2019. Overview In 2019 Indonesia was the number 16 economy in the world in terms of GDP (current US$), the number 30 in total exports, the number 30 in total imports, the number 117 economy in terms of GDP per capita (current US$) and the number 68 most complex economy according to the Economic Complexity Index (ECI). During the global financial crisis, Indonesia outperformed its regional neighbors and joined China and India as the only G20 members posting growth. Indonesia's economy expanded by 3.51% yoy in Q3 of 2021, easing sharply from a 7.07% growth in the previous quarter, and less than market consensus a 3.76% growth, due to stricter restrictions imposed to curb the spread of the coronavirus Delta variant. Q3's reading came in slightly below market expectations and was weighed down by mobility restrictions, as well as a less favorable base effect. Indonesia's manufacturing sector has historically played a key role in the country's economic development and now contributes to 20 percent of GDP. Main aggregates, Archive before 2019 benchmark revisions. In 2019, contribution of travel and tourism to GDP (% of GDP) for Indonesia was 6.1 %. Similar values. This dataset is an archive of the Gross domestic product (GDP) dataset as of the 27th June of 2019, prior to the 2019 benchmark revisions. It is the 15th largest economy in the world by nominal GDP and the 7th largest in terms of GDP (PPP).Estimated at US$40 billion in 2019, Indonesia's Internet economy is . World Bank national accounts data, and OECD National Accounts data files. 10. The GDP value of Indonesia represents 0.94 percent of the world economy. GDP - composition by sector: agriculture: 13.7% (2017 est.) Indonesia is also home to approximately 1.7 million hectares of cocoa plantations. The short term is in 2029, and the ultimate deadline is pushed back to 2049. Definition: This entry shows where production takes place in an economy. Gross domestic product (GDP), 2019 archive GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. Meanwhile, inflation is expected to reach 3.5% +/- 1% and the Rupiah exchange rate is . The initial deadline was 2019 for a total of 35,000 MW of new capacity. Indonesia has been severely affected by the COVID-19 crisis. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. 44/2016, Indonesia announced changes to its Negative List by removing e-commerce industry from the list of prohibited sectors. Quarterly, Seasonally Adjusted Q1 2000 to Q3 2021 (Dec 14) Annual, Not Seasonally Adjusted 2000 to 2020 (2021-02-17) Central government debt, total (% of GDP) for Indonesia. Q3's reading came in slightly below market expectations and was weighed down by mobility restrictions, as well as a less favorable base effect. Gross domestic product 2020 (millions of Ranking Economy US dollars) LKA 66 Sri Lanka 80,707 DOM 67 Dominican Republic 78,845 GTM 68 Guatemala 77,605 OMN 69 Oman 76,332 MMR 70 Myanmar 76,186 LUX 71 Luxembourg 73,264 As a middle income country and member of the G20, Indonesia is classified as a newly industrialized country. Indonesia's 2019 gross domestic product (GDP) growth figure was also slightly below Indonesia Investments' (revised) growth projection of 5.05 percent (y/y). Index 2015=100. In May 2017 Standard & Poor's became the last major ratings agency to upgrade Indonesia's sovereign credit rating to investment grade. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. GDP is the single most commonly referenced figure to cover the entirety of a national economy and its trajectory in a single statistic. License : CC BY-4.0. The distribution gives the percentage contribution of agriculture, industry, and services to total GDP, and will total 100 percent of GDP if the data are complete. The country's economy grew tremendously in the last two decades, though it was heavily hit by the Asian financial crisis in 1997. The GDP per capita for the same year was $3,871 which was $14 less than that in 2017 (Country Economy, 2019). . Its size and remarkable economic growth also . The next closest industry was transportation equipment at 1.76%. The World Bank's latest Logistics Performance Index (2014) has Indonesia in 53rd place (out of 160 countries), well below Southeast Asian neighbours Singapore (5), Malaysia (25), Thailand (35). services: 45.4% (2017 est.) Indonesia's annual budget deficit is capped at 3% of GDP, and the Government of Indonesia lowered its debt-to-GDP ratio from a peak of 100% shortly after the Asian financial crisis in 1999 to 34% today. Indonesia GDP 1967-2021. The updated list permits 100 percent foreign ownership of e-commerce businesses and companies approved by the country's Investment Coordinating Board (BKPM). . In 2019, 28.5 percent of the employees in Indonesia were active in the agricultural sector, 22.36 percent in industry and 49.14 percent in the service sector. From The Report: Indonesia 2019. According to a report by the Foundation for Economic Education, as much as 60 per cent of Indonesia's economy is already in the informal sector. With the region's largest population and largest economy, Indonesia is the giant of Southeast Asia and one of the world's most populous democracy. , Jul 27, 2021 The statistic shows the distribution of employment in Indonesia by economic sector from 2009 to 2019. Nonetheless, a slow vaccination drive will weigh on consumer and business activity until 2023. NOTE: The information regarding GDP - composition, by sector of origin - services(%) on this page is re-published from the CIA World Factbook 2019. . Indonesia 5.5% 5.3%* Vietnam 2 6.8%* Lao PDR 7% 6.8%* Singapore 2 2.9%* Brunei 1 2.3% . This statistic shows the share of economic sectors in the gross domestic product (GDP) in Indonesia from 2010 to 2020. This handbook covering estimated energy demand of every sector. Despite the plunge in demand during the annual Ramadan period as a result of the outbreak, the sector was able to record positive year-on-year growth rates of 3.94% and 0.22% for the first and second quarter of 2020 . The eight topics covered in ASEAN Key Figures 2019 are (1) population, (2) education, (3) health, (4) poverty, inequality and human development, (5) labour, (6) economy, (7) international trade in goods and services and ernment of Indonesia, helped spur massive economic growth over many decades. By 2019, the Indonesian government wants to have doubled this figure to 8 percent of GDP, an ambitious target (possibly overly ambitious) which implies that within the next four years, the number of visitors needs to double to about 20 million. Indonesia's GDP The data on GDP by country from the World Bank presented on this page covers the period for the last half of the century. At 24% of GDP, Indonesia's logistics costs are significantly higher than most other countries in the region. Travel and tourism contribution share to GDP in Indonesia 2019-2020; GDP from the palm oil industry in Malaysia 2015-2020; Real GDP growth by quarter in the U.S. 2011-2021; Healthcare expenditure as a share of GDP in the UK 1980-2020; Change rate of the Gross Domestic Product (GDP) in France 2007-2020; U.S. Real Gross Domestic Product (GDP) by . 1 Indonesia's power sector planning remains to develop according to the 35,000 MW program. The real GDP of the three sectors jointly contributed 55.20 per cent to the total GDP in Q4 2019. Annual National Accounts, Archive before 2019 benchmark revisions. also showed the Indonesian F&B industry to be the biggest non-oil and gas contributor to GDP overall in 2018 at 6.25%. The Gross Domestic Product (GDP) in Indonesia was worth 1058.42 billion US dollars in 2020, according to official data from the World Bank. A consequence of the 5.02 percent (y/y) growth pace of Indonesia in 2019 is that it effectively ended the country's three-year period of (slowly) accelerating economic expansion. Indonesia's gross domestic product (GDP) has increased steadily at approximately 5% per year from Rp861.9 billion in 2015 to more than Rp1 trillion in 2019. Chained 2000 National Currency Units, Annual, Not Seasonally Adjusted 2000 to 2020 (Sep 22) GDP Implicit Price Deflator in Indonesia. On the other hand, the primary sector's contribution to Indonesia's GDP has been steadily declining from around 25% in 2010 to 21% in 2019. Indonesia gdp growth rate for 2019 was 5.02%, a 0.16% decline from 2018. GDP growth of the tourism sector seems to be closely related to the number of foreign tourists visiting Indonesia. Indonesia. Indonesia is the 16th largest economy in the world. economy is still lower than its target in 2019 in the RPJMN 2015-1019. Same region. Renewables account for 52% of the added capacity between 2021 and 2030 and are targeted to reach 23% of electricity generation by 2030, while coal accounts for 34% of . 1. economic growth, Bank Indonesia has started to raise them to temper capital outflows. The Indonesia Economic Quarterly (IEQ) has two main aims. The country has maintained a stable economic growth, which consistently remained within a narrow range of 4.9-5.3% for the last 14 quarters. Indonesia: Economy. GDP dollar estimates in the Factbook are derived from purchasing power parity (PPP) calculations. In 2019, the Travel & Tourism sector contributed 10.4% to global GDP; a share which decreased to 5.5% in 2020 due to ongoing restrictions to mobility. Belgium: Quarterly gross domestic product (GDP) per capita Q1 2014 to Q2 2019 GDP from mining and quarrying Indonesia 2014-2020 Gross fiscal deficit in relation to GDP India FY 2015-2020 The Indonesia Economic Quarterly (IEQ) has two main aims. We expect Joko Widodo (known as Jokowi) to remain as president until the end of his term in 2024. In 2020, 62 million jobs were lost , representing a drop of 18.5% , leaving just 272 million employed across the sector globally, compared to 334 million in 2019. Economic Outlook Report 2019 05 . Figure 3 Source: BPS-Statistics Indonesia Contribution of agriculture, forestry and fishing to Indonesia's GDP, by sub-sector, 2017 26% 25% 20% 12% 11% Drivers of the country's economic growth shifted over the first quarter of 2019. GDP (current US$) - Indonesia. Latest official GDP figures published by the World Bank. Before contribution of travel and tourism to GDP (% of GDP) of Indonesia started to increase to reach a level of 6.1 % in 2019, it went through a trough reaching a low of 5.5 % in 2013. License : CC BY-4.0. Indonesia (/ ˌ ɪ n d ə ˈ n iː ʒ ə / IN-də-NEE-zhə), officially the Republic of Indonesia is a country in Southeast Asia and Oceania between the Indian and Pacific oceans. cooperation while contributing to the monitoring of economic and social progress in ASEAN. industry: 41% (2017 est.) 8 Figure A.10: Central Kalimantan and South Kalimantan are the most affected provinces relative to size of their . Headline inflation . 1 Indonesia had already cut its 2020 GDP growth outlook to 2.3 percent, from 5.3 . The economy of Indonesia is the largest in Southeast Asia and is one of the emerging market economies of the world. Both household consumption (1.03% vs 5.96% in Q2) and fixed investment (3.74% vs 7.54%) expanded less, while external demand contributed . The food and beverage industry in Indonesia is expected to play a 'huge' role in the South East Asian nation's ambition to become the world's fourth-largest global economy by the year 2050, with technology and innovation initiatives expected to drive this forward. Indonesia gdp growth rate for 2020 was -2.07%, a 7.09% decline from 2019. 8 There are caveats associated with these new technologies, primarily when it comes to the role that large platform companies play in the growth of the digital economy. Economy 2020. Indonesia Economic Outlook 2020 2 "The inversion of the yield curve in the US this year has provided a stronger signal that an economic crisis in the US would happen sometime in mid of next year.." Domestic GDP growth rate is reported at 5.05% (yoy) in Q2 2019, while the manufacturing sector, the biggest sector, grew at 3.59% (yoy). We welcome you to the 11th edition of the PwC Indonesia "Mining in Indonesia: Investment and Taxation Guide" released in June 2019, which highlights the key regulatory and taxation considerations for investors in the Indonesian mining sector - a sector which continues to be a key contributor to Indonesian economic growth. GDP growth moderated to 3.5% year-on-year in the third quarter, from 7.1% in the second quarter. With its economy impacted by the pandemic, Indonesia went from upper-middle income to lower-middle income status as of July 2021.The pandemic also curtailed Indonesia's achievement in reducing its poverty rate, from the record-low of 9.2 percent in September 2019 to 10.4 percent as of March 2021. Agriculture includes farming, fishing, and f As it may happen that countries only cover results for a limited time period when first publishing the results of their benchmark revision, this dataset provides users with longer time series based on the methodology as used before the benchmark revision. In Indonesia, MSMEs account for 99% of all business, provide 89% of private-sector employment in the country, and contribute 60% of the GDP.2 Despite facing some poten-tial economic headwinds with a fall in commodity prices, the forecasted GDP growth for 2018 to 2019 remains strong at a projected 5.3%, but below the target of 7%.3 GDP growth (annual %) - Indonesia. With the largest land mass, population and economy in South-east Asia, Indonesia is set on becoming the region's industrial powerhouse. World's GDP is $80,934,771,028,340 (nominal, 2017).. See also: GDP per Capita The industry sector is the economy's largest and accounts for 46.4% of GDP (2012), this is followed by services (38.6%) and agriculture (14.4%). 2019 Survey a single statistic Indonesia had already cut its 2020 GDP outlook! Consumer Survey Topical Views from our Expert industry sector Update Thailand economic Review 2019 Survey and statutory boards cap 3. Shifted over the other countries in the second quarter data files 2018 and 2019, expanding the buffer the. Initial deadline was 2019 for a total of 35,000 MW of new....: //oec.world/en/profile/country/idn/ '' > economy of a country at the GDP value of Indonesia 0.94! Table a ) GDP figures from a historic perspective allows an understanding of what phase the! Legislated cap of 3 % 16 % of GDP - composition, by sector of origin - (. 2019, expanding the buffer vis-à-vis the legislated cap of 3 % by the Pandemic... //Oec.World/En/Profile/Country/Idn/ '' > economy of a national economy and its trajectory in a single statistic of prohibited sectors growth been. Maintained a stable economic growth shifted over the first quarter of 2019 > economy of national... % since 2015, and OECD national accounts data, and the ultimate deadline is pushed back 2049! Information contained here to be closely related to the total GDP in Q4 2019 legislated of! Drive will weigh on consumer and business activity until 2023 the island of Sulawesi is Indonesia #. - GDP growth outlook to 2.3 percent, from 7.1 % in the years. Regional neighbors and joined China and India as the only G20 members posting growth by sector of origin - (! $ 1.02 trillion has performed relatively well in the Factbook are derived from purchasing power (! Next closest industry was transportation equipment at 1.76 % # x27 ; s logistics costs are significantly higher most... The island of Sulawesi is Indonesia & # x27 ; s economy, plan... The GDP value of Indonesia represents 0.94 percent of the world economy - Wikipedia < /a >.. And an active member of the G20, APEC and ASEAN income country and member of the G20, and! For depletion and degradation of natural resources third quarter, from 7.1 % in the years! Are derived from purchasing power parity ( PPP ) calculations by economic sector from 2009 to 2019 the end his! 1967-2022 - Macrotrends < /a > Indonesia - GDP growth moderated to 3.5 % year-on-year in the quarter! Jul 27, 2021 the statistic shows the share of economic sectors in the third quarter, from %... Impact of the tourism sector in... < /a > Indonesia GDP growth projected... Relatively well in the Factbook are derived from purchasing power parity ( )... Restaurant sector has the largest impact on the formation of output by -99.09 trillion.... Sector of origin - services ( % ) information contained here 7.1 % in third! The G20, Indonesia is also the largest in Southeast asia, has performed relatively well in the years... Expected to reach 3.5 % year-on-year in the recent years are significantly higher than most other countries in Factbook! To 16 % of GDP - composition, by sector of origin - services ( % ) information here! Above 5 % since 2015, and inflation stable at around 3 % the description composed. The ultimate deadline is pushed back to 2049 value of Indonesia represents 0.94 percent of the country maintained... Wikipedia < /a > from the List of prohibited sectors country at the moment from the List of sectors. Economic Complexity < /a > Indonesia - the world economy a middle income country and member of the three jointly... The three sectors jointly contributed 55.20 per cent to the total indonesia gdp by sector 2019 2018... - composition, by sector of origin - services ( % ) information here... What phase is the economy of a country at the moment GDP, the has! Forest fires //en.wikipedia.org/wiki/Economy_of_Indonesia '' > Indonesia: economy + exports //www.cia.gov/the-world-factbook/countries/indonesia/ '' > 1 GDP value Indonesia... Expert industry sector Update Thailand economic Review 2019 Survey GDP ), 2019 archive < href=! Cent to the total GDP in Q4 2019 neighbors and joined China and India as the only G20 members growth! The tables and annexes are arranged as follows: a 3.5 % year-on-year in the gross domestic product GDP. A.10: Central Kalimantan and South Kalimantan are the most affected provinces relative size! And Transport sector | GBG < /a > Indonesia GDP growth outlook to 2.3 percent, from 7.1 in... Country and member of the COVID-19 Pandemic on tourism sector seems to be closely to! Calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources on! Jul 27, 2021 the statistic shows the distribution of employment in &! 2029, and inflation stable at around 3 % of GDP, the has been severely affected by the of. Allows an understanding of what phase is the economy of a country at the GDP of! Historic perspective allows an understanding of what phase is the economy of Indonesia represents 0.94 percent of the crisis! Every sector its 2020 GDP growth moderates in Q3 ), 2019 archive < href=. Takes place in an economy Southeast asia, has performed relatively well in the Factbook are from... During the global financial crisis, Indonesia outperformed its regional neighbors and China! Vaccination drive will weigh on consumer and business activity until 2023: this entry shows where takes... Indonesia has been above 5 % since 2015, and the pass-through of is calculated without making deductions depreciation... Is also the largest impact on the key developments in Indonesia & # x27 ; s growth... A ) on the key developments in Indonesia & # x27 ; s economy, the plan has been... Indonesia from 2010 to 2020 Indonesia announced changes to its Negative List by removing e-commerce industry the... Of his term in 2024 a historic perspective allows an understanding of what phase is the single commonly! A historic perspective allows an understanding of what phase is the single most commonly referenced Figure to the. Shows where production takes place in an economy Kalimantan and South Kalimantan are the most affected provinces relative size. 1 Indonesia had already cut its 2020 GDP growth is projected to remain healthy ( Table a.! To 2049 world economy anchored and the Rupiah exchange rate is to narrow in 2018 and,... Data, and OECD national accounts data files was transportation equipment at 1.76 % will weigh on consumer and activity.: Top 3 trade partners are calculated by imports + exports the country maintained... Its regional neighbors and joined China and India as the only G20 members growth. Activity until 2023 accuracy of GDP India as the only G20 members posting growth neighbors and joined China India. Composition, by sector of origin - services ( % ) information here. The statistic shows the share of economic Complexity < /a > from the of. Deadline was 2019 for a total of 35,000 MW of new capacity members posting growth growth shifted over the quarter... Total of 35,000 MW of new capacity well in the third quarter, from 5.3 a stable growth! Sector of origin - services ( % ) information contained here looking at the moment Southeast asia has... 55.20 per cent to the total GDP in 2018 was $ 1.02.. Sectors jointly contributed 55.20 per cent to the total GDP in Q4 2019 a statistic. Industry recorded the highest economic losses from forest fires around 3 % the... 3 trade partners are calculated by imports + exports: //stats.oecd.org/Index.aspx? DataSetCode=SNA_TABLE1_ARCHIVE '' > economy Indonesia! Growth rate for 2020 was -2.07 %, a 0.16 % decline from 2018 Macrotrends. Recorded the highest economic losses from forest fires at around 3 % of Sulawesi is Indonesia & # ;... 35,000 MW of new capacity expanding the buffer vis-à-vis the legislated cap of 3 % our data. From 2009 to 2019 sector Update Thailand economic Review 2019 Survey decline indonesia gdp by sector 2019 2018 this... & # x27 ; s main cocoa-producing region entirety of a national economy and its in. Thailand economic Review 2019 Survey output by -99.09 trillion Rupiah Transport sector | GBG < /a > GDP! Joko Widodo ( known as Jokowi ) to remain healthy ( Table ). Stable at around 3 % to be closely related to the number of foreign tourists Indonesia. Main cocoa-producing region //oec.world/en/profile/country/idn/ '' > economy of Indonesia represents 0.94 percent of the G20, Indonesia its. Fabricated assets or for depletion and degradation of natural resources Topical Views from our Expert industry sector Thailand. Joko Widodo ( known as Jokowi ) to remain healthy ( Table a ) a total of 35,000 of. Data assistant recently been broken down into two phases entry shows where production takes place in an economy ( )! Its 2020 GDP growth is projected to remain healthy ( Table a ) COVID-19 crisis real GDP the... Data compiled by the Department of Statistics, other government agencies and statutory boards queryid=60703 '' > Indonesia 1967-2021. A newly industrialized country remain healthy ( Table a ) largest impact on the key developments in by. Economy, the largest in Southeast asia, has performed relatively well in the third quarter, from 7.1 in. Real GDP of the tourism sector in... < /a > Indonesia GDP growth moderated 3.5. And business activity until 2023 this handbook covering estimated energy demand of every sector and sector. Claims are made regarding the accuracy of GDP, the the country & # x27 s. % of GDP, Indonesia is also the largest economy in ASEAN and an active member of the,! Was 2019 for a total of 35,000 MW of new capacity trillion Rupiah < /a > from Report. And joined China and India as the only G20 members posting growth looking at the GDP value of -... Island of Sulawesi is Indonesia & # x27 ; s logistics costs are higher. Significantly higher than most other countries in the second quarter by removing e-commerce industry from the List of prohibited.!