Indonesia's Economic Growth Second Only to China and India

Economics & Macro

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12/01/2017 09:51 WIB

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Average Global Economic Growth 2006-2015

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Indonesia's Economic Growth Second Only to China and India

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Average Global Economic Growth 2006-2015

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Indonesia's average economic growth reached 5.8 percent per year during the 2006-2015 period. This figure was second only to China and India. A public lecture at Syiah Kuala University in Aceh, titled "Building a Foundation for Sustainable Growth," demonstrated that Indonesia's economic growth outperformed other countries such as Singapore, Malaysia, the United Kingdom, and even the United States.

Throughout 2016, Indonesia's economy was projected to grow around 5 percent, and in 2017, it was targeted to grow 5.1 percent. Amidst the global slowdown, Indonesia still recorded economic growth above 5 percent. Strong domestic consumption was one of the pillars supporting Indonesia's economic growth.

Indonesia's economy recorded its highest growth in 2011, at 6.5 percent, and its lowest in 2015, reaching only 4.79 percent. From 2010 to 2013, Indonesia consistently recorded growth above 6 percent. However, the global economic slowdown impacting the domestic economy, along with the fall in crude oil and Indonesian flagship commodity prices, resulted in economic growth below 5 percent in 2015.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Indonesia's Economic Growth Second Only to China and India

Indonesia's Economic Growth Second Only to China and India

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Indonesia's Economic Growth Second Only to China and India

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