2017, Indonesia's Economy Stagnated

Economics & Macro

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24/11/2017 14:11 WIB

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Economic Growth of Six ASEAN Countries (Q1-Q3 2017)

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2017, Indonesia's Economy Stagnated

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Economic Growth of Six ASEAN Countries (Q1-Q3 2017)

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Indonesia's economy stagnated throughout 2017. Slowing household consumption caused Indonesia's Gross Domestic Product (GDP) to grow only around 5 percent during the first three quarters of the year. Household consumption in the third quarter of this year grew only 4.93 percent (YoY), lower than the previous quarter's 4.95 percent. Household consumption has shown a slowdown since the fourth quarter of 2016, consistently growing below 5 percent.

This situation contrasts with other ASEAN member countries such as Singapore, Malaysia, the Philippines, Thailand, and Vietnam, which experienced growth trends throughout 2017. In the third quarter, Indonesia's economic growth was below Singapore's and only surpassed that of Thailand, which recorded 4.3 percent growth.

For information, Indonesia's economy grew by 5.06 percent in the third quarter of 2017, and cumulatively grew 5.03 percent in the first three quarters of 2017 compared to the same period the previous year (YoY). Meanwhile, Indonesia's export value from January to September 2017 increased by 17.36 percent to US$123.36 billion.

"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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2017, Indonesia's Economy Stagnated

2017, Indonesia's Economy Stagnated

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Related Data

Many Southeast Asian Countries Have Very High Disaster Risk

Impact of the Sumatra Disaster, Indonesia's GDP Could Decrease by IDR 68 Trillion

Indonesia's Manufacturing Industry Competitiveness Ranks 5th in ASEAN

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DKI Jakarta's Economic Growth Approaching 5% in Q3 2025

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2017, Indonesia's Economy Stagnated

2017, Indonesia's Economy Stagnated

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Many Southeast Asian Countries Have Very High Disaster Risk

Impact of the Sumatra Disaster, Indonesia's GDP Could Decrease by IDR 68 Trillion

Indonesia's Manufacturing Industry Competitiveness Ranks 5th in ASEAN

INDEF: Consumer Purchasing Power Below 5%, Growth Also Stalled

DKI Jakarta's Economic Growth Approaching 5% in Q3 2025

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