BPS and Oxford Economics: Indonesia's Economy Grew 5.2 Percent in 2017

Indonesia's Gross Domestic Product (GDP) growth in the baseline scenario for 2017 is estimated at 5.2 percent. This estimate, conducted by the Central Bureau of Statistics and Oxford Economics, does not account for global and domestic risks. Improving commodity and energy prices, along with a recovering global economy, are expected to positively impact the domestic economy.

In the 2017 Indonesian Economic Outlook by the National Development Planning Agency/Bappenas, titled "Challenges in Facing Global Risks," Indonesia's trade performance is predicted to improve, recording positive growth of 2.2 percent for exports and 3.1 percent for imports. Economic growth will still be driven by domestic demand, namely consumption expenditure (5.2 percent), investment (5.9 percent), and government expenditure (5.1 percent).