Indonesia: Economy

Robust private consumption helped GDP growth reach 5.0% in 2016 even as investment weakened. Inflation was subdued, and the current account deficit narrowed. Reviving investment and external trade are likely to strengthen growth this year and next, accompanied by higher inflation and a smaller current account deficit. In addition to infrastructure development and structural reform, addressing the skills gap is one important measure needed to sustain growth over the medium- to long-term. Read more from Asian Development Outlook 2017


Economic forecasts for Southeast Asian countries

Country 2017f 2018f
Brunei Darussalam 1.0 2.5
Cambodia 7.1 7.1
Indonesia 5.1 5.3
Lao People’s Democratic Republic 6.9 7.0
Malaysia 4.4 4.6
Myanmar 7.7 8.0
Philippines 6.4 6.6
Singapore 2.2 2.3
Thailand 3.5 3.6
Viet Nam 6.5 6.7
Average 4.8 5.0
Country 2017f 2018f
Brunei Darussalam 0.1 0.1
Cambodia 3.4 3.5
Indonesia 4.3 4.5
Lao People’s Democratic Republic 2.5 3.0
Malaysia 3.3 2.7
Myanmar 7.0 7.5
Philippines 3.5 3.7
Singapore 1.0 1.5
Thailand 1.8 2.0
Viet Nam 4.0 5.0
Average 3.3 3.5
Country 2017f 2018f
Brunei Darussalam 5.3 5.5
Cambodia –9.4 –9.0
Indonesia –1.7 –1.6
Lao People’s Democratic Republic –19.0 –20.0
Malaysia 1.8 2.0
Myanmar –8.0 –8.0
Philippines 0.2 0.5
Singapore 19.5 19.8
Thailand 9.0 7.0
Viet Nam 2.0 2.5
Average 3.1 3.0

f = forecast number.

Source: Asian Development Outlook 2017