Indonesia: Economy | Asian Development Bank

Indonesia: Economy

Strengthening investment and exports enabled Southeast Asia’s biggest economy to grow by 5.0% in the first half of 2017. GDP growth is likely to come in at 5.1% this year and 5.3% next year, in line with Asian Development Outlook 2017 forecasts in April. The current account deficit is likely to narrow slightly this year, as forecast, but is now expected to widen next year. Recent trends indicate that inflation will be lower than envisaged in April both this year and next. Read more from Asian Development Outlook 2017 Update

Note: GDP growth rate forecasts for 2017 and 2018.


Economic forecasts for Southeast Asian countries

Country 2017f 2018f
Brunei Darussalam -5.4 2.2
Cambodia 5.5 5.7
Indonesia 3.2 4.2
Lao People’s Democratic Republic 5.4 5.5
Malaysia 2.6 2.6
Myanmar 7.5 7.9
Philippines 4.7 4.9
Singapore 0.9 1.0
Thailand 3.0 3.1
Viet Nam 5.5 5.7
Average 3.3 3.8
Country 2017f 2018f
Brunei Darussalam –0.3 0.1
Cambodia 3.0 3.2
Indonesia 4.0 3.7
Lao People’s Democratic Republic 1.5 1.5
Malaysia 3.7 2.7
Myanmar 7.0 7.5
Philippines 3.2 3.5
Singapore 1.0 1.5
Thailand 0.7 1.5
Viet Nam 4.5 5.5
Average 3.1 3.1
Country 2017f 2018f
Brunei Darussalam 6.0 6.5
Cambodia –9.7 –9.3
Indonesia –1.7 –2.0
Lao People’s Democratic Republic –17.5 –19.0
Malaysia 2.4 2.4
Myanmar –8.0 –8.0
Philippines 0.2 0.5
Singapore 19.5 19.8
Thailand 8.5 6.5
Viet Nam 1.0 2.0
Average 3.0 2.8
Country 2015
Brunei Darussalam 3,8010
Cambodia 1,070
Indonesia 3,440
Lao People’s Democratic Republic 1,740
Malaysia 10,570
Myanmar 1,160
Philippines 3,550
Singapore 52,090
Thailand 5,720
Viet Nam 1,990

f = forecast number.

Sources:
Asian Development Outlook 2017
Asian Development Outlook 2017 Update