At the G20, Indonesia's economic growth is among the highest.

Economics & Macro

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21/12/2018 08:07 WIB

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Indonesia's economy, based on the nominal GDP in the third quarter of 2018, reached Rp 2.68 trillion and grew by 5.17% compared to the third quarter of the previous year.

Economic Growth of G-20 Member Countries (2018)

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At the G20, Indonesia's economic growth is among the highest.

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Economic Growth of G-20 Member Countries (2018)

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Indonesia is one of the countries with the highest economic growth among G20 member countries. In the OJK's year-end press release, Indonesia's economic growth ranked fourth, below Turkey, but above developed countries such as the United States, Australia, and South Korea.

Indonesia's economy, based on Gross Domestic Product (GDP) at constant current prices in the third quarter of 2018, reached Rp 2.68 trillion, growing by 5.17% compared to the third quarter of the previous year. For 2019, the government targeted domestic economic growth of 5.3%, while several institutions predicted it to be in the range of 5-5.2%.

Ongoing global uncertainty regarding interest rate hikes and the threat of a trade war led the World Bank to revise its 2019 global growth forecast to 3.7% from a previous estimate of 3.9%. Furthermore, the World Bank also lowered its economic growth forecast for the US to 2.5% from 2.7% and for China to 6.2% from 6.4%.

"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."