GDP

GDP of Indonesia in 2023 - Expenditure Approach, Sector Output, and Regional GDP

Last Updated: October 31, 2023
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GDP Summary

“Belgium with a population of had a total GDP value of US dollars (calculated in current US dollars) for the whole of 2022. The GDP per capita is 49843, and the growth rate in 2022 is 3.2%.”

Population

271 million

Land Size

1877519 km²

GDP

1.32 trillion

GDP Per Capita

4798 USD

Real GDP Growth
Note: Real GDP Growth (%) | Forecast after 2023
GDP Per Capital (Nominal)
Note: Current USD | Forecast after 2023
GDP Per Capita (PPP)
Note: PPP | Forecast after 2023

GDP Structure (Expenditure Approach)

The latest GDP update was in October 2023, updating the data on the contribution of GDP output in various sectors for the year 2022, as a proportion of the total GDP. The data is sourced from the World Bank, IMF, and local government statistics. Predictions on the sources of GDP contribution are from the EIU.

Private Consumption
53.1%
Government Expneidutre
7.6%
Capital Formation
29.1%
Export
24.5%
Import
20.9%
GDP Growth(By Type)
Note: Real GDP Growth (%) | Forecast after 2023

GDP Structure By Sector

The latest GDP update was in October 2023, updating the data on the contribution of GDP output in various sectors for the year 2022, as a proportion of the total GDP. The data is sourced from the World Bank, IMF, and local government statistics. Predictions on the sources of GDP contribution are from the EIU.

Agriculture
12.8%
Industry
40.3%
Manufacturing
21.4%
Service
46.9%
Economic Growth(By Sector)
Note: Real GDP Growth (%) | Forecast after 2023

Economic Development

Indonesia’s economy has shown resilience in the early part of 2023 following a 5.3% GDP growth in 2022. The country’s exports continue to perform admirably, contrary to the regional trend, and manufacturing PMI has seen an upward movement in March due to increased demand and higher production levels. The robust growth was complemented by a strengthened Indonesian rupiah (IDR), driven by a combination of an improved current account and more dovish expectations from U.S. interest rates after the banking turmoil. This allowed the Bank Indonesia (BI) to hold rates for the third consecutive meeting, even though inflation was around 5%, surpassing the central bank’s target of 2% to 4%. The short-term outlook for the Indonesian economy seems to be more influenced by global markets rather than domestic fundamentals. While exports have remained strong for now, a sequential decli...

Unemployment

5.9 %

Inflation

4.2 %

Urbanization

56 %

TFR

2.3 人

Unemployment Rate
Unit: %
Inflation Rate
Unit: %

GDP By Regions

Top 5 Regions By Population & Their GDP | Note: USD, current prices, current PPP

Indonesia

3371880 million USD

West Java Province

445350 million USD

East Java Province

491915 million USD

Central Java Province

288163 million USD

North Sumatera Province

173508 million USD

Banten Province

133875 million USD

Historical Real GDP Growth Rate
Note: No data for 2019 and 2020 in some regions, denoted with 0%. | Source; Local Statistics Bureau | Unit: %

GDP Growth By GDP

Top 5 Regions By Population & Their GDP Growth in 2020

Indonesia

-1.32 %

West Java Province

-1.54 %

East Java Province

-1.55 %

Central Java Province

-0.61 %

North Sumatera Province

1.86 %

Banten Province

-4.97 %

Historical Real GDP Growth By Regions
Note: No data for 2019 and 2020 in some regions, denoted with 0%. | Source; Local Statistics Bureau | Unit: %

GDP Per Capita By Regions

Top 5 Regions By Population & Their GDP Per Capita in 2020 (Measured in PPP, current prices) | Unit: USD

Indonesia

12507 USD

West Java Province

8985 USD

East Java Province

12311 USD

Central Java Province

8295

North Sumatera Province

11725 USD

Banten Province

10382 USD

Historical GDP Per Capita (PPP) By Regions
Note: No data for 2019 and 2020 in some regions, denoted with 0 USD. | Source; Local Statistics Bureau | Unit: %

GDP Per Capita Growth By Regions

Top 5 Regions By Population & Their GDP Per Capita Growth Rate in 2020 | Unit: %

Indonesia

-2.43 %

West Java Province

-2.7 %

East Java Province

-2.21 %

Central Java Province

-1.24 %

North Sumatera Province

0.59 %

Banten Province

-6.45 %

Historical GDP Per Capita Growth By Regions
Note: No data for 2019 and 2020 in some regions, denoted with 0%. | Source; Local Statistics Bureau | Unit: %