The statistic shows the growth in real GDP in Indonesia from between 2019 to 2023, with projections up until 2029. In 2023, Indonesia's real gross domestic product grew by around 5.05 percent compared to the previous year.
Indonesia's economy on the rise
Indonesia is a nation with a growing economy and a steadily increasing population. It is estimated that the total population in Indonesia will surpass 255 million inhabitants by 2016 and continue to grow fast. Indonesia reports the fourth-largest population worldwide, and it is also the fifteenth-largest country by total area. The country's biggest contributor to gross domestic product is the industry, with services close behind. In 2013, industry contributed more than 45 percent to Indonesia's gross domestic product in Indonesia.
The economy in Indonesia has been on the rise over the past years, and Indonesia is slowly establishing itself as one of the world’s most powerful economic players. In 2014, Indonesia's gross domestic product (GDP) amounted to more than 856 billion U.S. dollars, that's higher than Saudi Arabia's GDP, for example. GDP is calculated by analyzing the volume and value of goods and services that a country can produce in a specific time period. Emerging markets and developing economies, such as Indonesia, make up around 57 percent of global gross domestic product. Another indicator of economic strength is GDP per capita, which helps to assess the quality of life in a country and the growth of the economy. GDP per capita in Indonesia has been estimated to almost quadruple in the time period between 2004 and 2014, indicating an increase in living standards.
Indonesia: Growth rate of the real gross domestic product (GDP) from 2019 to 2029
(compared to the previous year)
Characteristic
GDP growth compared to previous year
2029*
5.07%
2028*
5.06%
2027*
5.07%
2026*
5.06%
2025*
5.07%
2024*
4.96%
2023
5.05%
2022
5.31%
2021
3.7%
2020
-2.07%
2019
5.02%
Created with Highcharts 7.2.2GDP growth compared to previous year5.02%5.02%-2.07%-2.07%3.7%3.7%5.31%5.31%5.05%5.05%4.96%4.96%5.07%5.07%5.06%5.06%5.07%5.07%5.06%5.06%5.07%5.07%201920202021202220232024*2025*2026*2027*2028*2029*
-3%-2%-1%0%1%2%3%4%5%6%7%
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IMF. (October 22, 2024). Indonesia: Growth rate of the real gross domestic product (GDP) from 2019 to 2029 (compared to the previous year) [Graph]. In Statista. Retrieved February 18, 2025, from https://www.statista.com/statistics/320068/gross-domestic-product-gdp-growth-rate-in-indonesia/
IMF. "Indonesia: Growth rate of the real gross domestic product (GDP) from 2019 to 2029 (compared to the previous year)." Chart. October 22, 2024. Statista. Accessed February 18, 2025. https://www.statista.com/statistics/320068/gross-domestic-product-gdp-growth-rate-in-indonesia/
IMF. (2024). Indonesia: Growth rate of the real gross domestic product (GDP) from 2019 to 2029 (compared to the previous year). Statista. Statista Inc.. Accessed: February 18, 2025. https://www.statista.com/statistics/320068/gross-domestic-product-gdp-growth-rate-in-indonesia/
IMF. "Indonesia: Growth Rate of The Real Gross Domestic Product (Gdp) from 2019 to 2029 (Compared to The Previous Year)." Statista, Statista Inc., 22 Oct 2024, https://www.statista.com/statistics/320068/gross-domestic-product-gdp-growth-rate-in-indonesia/
IMF, Indonesia: Growth rate of the real gross domestic product (GDP) from 2019 to 2029 (compared to the previous year) Statista, https://www.statista.com/statistics/320068/gross-domestic-product-gdp-growth-rate-in-indonesia/ (last visited February 18, 2025)
Indonesia: Growth rate of the real gross domestic product (GDP) from 2019 to 2029 (compared to the previous year) [Graph], IMF, October 22, 2024. [Online]. Available: https://www.statista.com/statistics/320068/gross-domestic-product-gdp-growth-rate-in-indonesia/
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