Official 2015 GDP Growth: Economy of Indonesia Expands 4.79%
On Friday morning (05/02) Statistics Indonesia (BPS) announced that Indonesia's economy expanded 5.04 percent year-on-year in the fourth quarter of 2015, slightly higher than most analysts had been expecting. Full-year 2015 gross domestic product (GDP) growth was 4.79 percent (y/y). Although this figure is in line with expectations (which ranged between 4.70 and 4.80 percent), the growth pace still constitutes a six-year low for Indonesia, Southeast Asia's largest economy. Meanwhile, BPS also announced it had revised Q3-2015 GDP up from 4.73 (y/y) to 4.74 (y/y).
Data from BPS show that private consumption in Indonesia weakened slightly in 2015, accounting for 55.91 percent of GDP, from 55.97 percent in the preceding year. Also the contribution of export and import toward the country's economic growth fell amid weak commodity prices and slowing economic activity in Indonesia. This was, however, offset by rising government spending and gross domestic fixed capital formation.
Indonesia's Quarterly GDP Growth 2009–2015 (annual % change):
| Year | Quarter I |
Quarter II | Quarter III | Quarter IV | Full-Year |
| 2015 | 4.72 | 4.67 | 4.74 | 5.04 | 4.8 |
| 2014 | 5.14 | 5.03 | 4.92 | 5.01 | 5.0 |
| 2013 | 6.03 | 5.81 | 5.62 | 5.72 | 5.6 |
| 2012 | 6.29 | 6.36 | 6.17 | 6.11 | 6.0 |
| 2011 | 6.45 | 6.52 | 6.49 | 6.50 | 6.2 |
| 2010 | 5.99 | 6.29 | 5.81 | 6.81 | 6.4 |
| 2009 | 4.60 | 4.37 | 4.31 | 4.58 | 4.6 |
Source: Statistics Indonesia (BPS)
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