The gross domestic product (GDP) in current prices in Indonesia was forecast to continuously increase between 2024 and 2029 by in total 627.9 billion U.S. dollars (+44.77 percent). After the ninth consecutive increasing year, the GDP is estimated to reach 2 trillion U.S. dollars and therefore a new peak in 2029. This indicator describes the gross domestic product at current prices. The values are based upon the GDP in national currency converted to U.S. dollars using market exchange rates (yearly average). The GDP represents the total value of final goods and services produced during a year.Find more key insights for the gross domestic product (GDP) in current prices in countries like Singapore, Vietnam, and Timor-Leste.

The Gross Domestic Product (GDP) in Indonesia was worth 1371.17 billion US dollars in 2023, according to official data from the World Bank. The GDP value of Indonesia represents 1.30 percent of the world economy. This dataset provides - Indonesia GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The statistic shows the growth in real GDP in Indonesia from between 2019 to 2023, with projections up until 2029. In 2023, Indonesia's real gross domestic product grew by around 5.05 percent compared to the previous year.

Indonesia's economy on the rise

Indonesia is a nation with a growing economy and a steadily increasing population. It is estimated that the total population in Indonesia will surpass 255 million inhabitants by 2016 and continue to grow fast. Indonesia reports the fourth-largest population worldwide, and it is also the fifteenth-largest country by total area. The country's biggest contributor to gross domestic product is the industry, with services close behind. In 2013, industry contributed more than 45 percent to Indonesia's gross domestic product in Indonesia.

The economy in Indonesia has been on the rise over the past years, and Indonesia is slowly establishing itself as one of the world’s most powerful economic players. In 2014, Indonesia's gross domestic product (GDP) amounted to more than 856 billion U.S. dollars, that's higher than Saudi Arabia's GDP, for example. GDP is calculated by analyzing the volume and value of goods and services that a country can produce in a specific time period. Emerging markets and developing economies, such as Indonesia, make up around 57 percent of global gross domestic product. Another indicator of economic strength is GDP per capita, which helps to assess the quality of life in a country and the growth of the economy. GDP per capita in Indonesia has been estimated to almost quadruple in the time period between 2004 and 2014, indicating an increase in living standards.

The Gross Domestic Product (GDP) in Indonesia expanded 5.02 percent in the fourth quarter of 2024 over the same quarter of the previous year. This dataset provides - Indonesia GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The statistic shows gross domestic product (GDP) per capita in Indonesia from 1987 to 2023, with projections up until 2029. GDP is the total value of all goods and services produced in a country in a year. It is considered to be a very important indicator of the economic strength of a country and a positive change is an indicator of economic growth. In 2023, the GDP per capita in Indonesia amounted to around 4,942.36 U.S. dollars. Indonesia's gross domestic product on the rise Indonesia has the largest economy in Southeast Asia is considered one of the most important emerging market economies in the world. Indonesia is a member of the G-20 economies and a founding member of ASEAN. It has one of the largest gross domestic products in the world: In 2014, the Indonesian GDP was reported to exceed 856 billion U.S. dollars. GDP in Indonesia has been increasing rapidly and in 2011, it was estimated that it had grown by more than 6.4 percent in comparison to the previous year. That same year, global GDP amounted to more than 72 trillion U.S. dollars - with the exception of 2009, global GDP has been continuously increasing each year over the past decade. Based on purchasing power parity, Indonesia's share in the global GDP is significantly higher than that of other major economies, and in 2014 was almost on the same level with France and higher than the UK's share. According to a forecast by Goldman Sachs, Indonesia will be among the 15 countries with the largest gross domestic product worldwide by 2030. In addition, the gross domestic product per capita in Indonesia has also undergone a rapid increase. Over the past decade, GDP per capita in Indonesia has quadrupled, a remarkable feat seldom seen in any economy.

Full Year GDP Growth in Indonesia decreased to 5.03 percent in 2024 from 5.05 percent in 2023. This dataset includes a chart with historical data for Indonesia Full Year Gdp Growth.

Indonesia ID: GDP: Growth: Volume data was reported at 5.130 % in 2026. This records a decrease from the previous number of 5.222 % for 2025. Indonesia ID: GDP: Growth: Volume data is updated yearly, averaging 5.048 % from Dec 1996 (Median) to 2026, with 31 observations. The data reached an all-time high of 7.818 % in 1996 and a record low of -13.127 % in 1998. Indonesia ID: GDP: Growth: Volume data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Indonesia – Table ID.OECD.EO: GDP: Growth and Contribution to Growth: Forecast: Non OECD Member: Annual. GDPV_ANNPCT - Gross domestic product, volume, growth Expenditure approach. Percentage change compared to the previous period. Quarterly growth expressed at annual rate.

Indonesia gdp growth rate for 2023 was 5.05%, a 0.26% decline from 2022.

• Indonesia gdp growth rate for 2022 was 5.31%, a 1.6% increase from 2021.
• Indonesia gdp growth rate for 2021 was 3.70%, a 5.77% increase from 2020.
• Indonesia gdp growth rate for 2020 was -2.07%, a 7.08% decline from 2019.

Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.

Indonesia ID: GDP: Growth data was reported at 7.462 % in 2026. This records a decrease from the previous number of 7.597 % for 2025. Indonesia ID: GDP: Growth data is updated yearly, averaging 10.799 % from Dec 1996 (Median) to 2026, with 31 observations. The data reached an all-time high of 52.264 % in 1998 and a record low of -2.459 % in 2020. Indonesia ID: GDP: Growth data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Indonesia – Table ID.OECD.EO: GDP: Growth and Contribution to Growth: Forecast: Non OECD Member: Annual. GDP_ANNPCT - Gross domestic product, nominal value, growthExpenditure approach. Percentage change compared to the previous period. Quarterly growth expressed at annual rate.

Indonesia ID: GDP: Gross Capital Formation: Gross Fixed Capital Formation data was reported at 7,763,606.365 IDR bn in 2026. This records an increase from the previous number of 7,143,147.851 IDR bn for 2025. Indonesia ID: GDP: Gross Capital Formation: Gross Fixed Capital Formation data is updated yearly, averaging 2,289,877.350 IDR bn from Dec 1995 (Median) to 2026, with 32 observations. The data reached an all-time high of 7,763,606.365 IDR bn in 2026 and a record low of 160,429.999 IDR bn in 1995. Indonesia ID: GDP: Gross Capital Formation: Gross Fixed Capital Formation data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Indonesia – Table ID.OECD.EO: GDP by Expenditure: Forecast: Non OECD Member: Annual. IT - Gross fixed capital formation, total, nominal value

In 2023, e-commerce contributed the largest gross merchandise value (GMV) of around 62 billion U.S. dollars to Indonesia's internet economy. The overall digital economy in that year grew by eight percent compared to the previous year.

The share in the global GDP adjusted for PPP in Indonesia was forecast to continuously increase between 2024 and 2029 by in total 0.2 percentage points. After the eighth consecutive increasing year, the share is estimated to reach 2.63 percent and therefore a new peak in 2029. Depicted here is the share of a country's gross domestic product in the global gross domestic product. As the International Monetary Fund describes, the GDP (indicating the total value of final goods and services produced during a year) has been adjusted for purchasing power parity and set in relation to the purchasing power adjusted global GDP value.Find more key insights for the share in the global GDP adjusted for PPP in countries like Laos, Thailand, and Myanmar (Burma).

Indonesia ID: GDP: Growth: Deflator data was reported at 2.218 % in 2026. This records a decrease from the previous number of 2.257 % for 2025. Indonesia ID: GDP: Growth: Deflator data is updated yearly, averaging 6.004 % from Dec 1996 (Median) to 2026, with 31 observations. The data reached an all-time high of 75.271 % in 1998 and a record low of -0.402 % in 2020. Indonesia ID: GDP: Growth: Deflator data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Indonesia – Table ID.OECD.EO: GDP: Growth and Contribution to Growth: Forecast: Non OECD Member: Annual. PGDP_ANNPCT - Gross domestic product, market prices, deflator. Percentage change compared to the previous period. Quarterly growth expressed at annual rate.

In 2023, the gross domestic product growth rate of financial and insurance activities was estimated to be around 4.77 percent. Recently, Indonesia's financial services authority launched the Master Plan for the Indonesian Financial Services Sector 2021-2025 which aims to accelerate Indonesia's fintech industry and digital financial solutions.

Expense (% of GDP) in Indonesia was reported at 15.8 % in 2022, according to the World Bank collection of development indicators, compiled from officially recognized sources. Indonesia - Expense (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on March of 2025.

GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in current U.S. dollars. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank. This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States.

The Gross Domestic Product per capita in Indonesia was last recorded at 4192.62 US dollars in 2023. The GDP per Capita in Indonesia is equivalent to 33 percent of the world's average. This dataset provides - Indonesia GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2022, the estimated total GDP of all ASEAN states amounted to approximately 3.67 trillion U.S. dollars, a significant increase from the previous years. In fact, the GDP of the ASEAN region has been skyrocketing for a few years now, reflecting the region’s thriving economy. Power in the EastThe Association of Southeast Asian Nations (ASEAN) comprises Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. It was established in 1967 among five of these countries (Indonesia, Malaysia, Thailand, Singapore, and the Philippines) to facilitate trade and economic growth, as well as promote cultural development and social structures in the region. To date, they have been joined by another five nations. The ASEAN marketThe founding of the ASEAN organization provides the collaborating nations with more autonomy and influence on the global economy than they would have had by themselves. Additionally, struggling participating countries, such as Laos, are given an opportunity to grow on an ASEAN single market.

Respondents in Asia and Latin America were quite optimistic about the global economy being stronger in 2025 than in 2024. In Indonesia, for instance, more than 80 percent of the respondents believed that the global economy would improve in 2025. Meanwhile, people in Europe were more pessimistic, with Ireland and Romania being the only countries where more than half of the respondents believed in a stronger global economy in 2025.

Indonesia ID: GDP: Growth: Volume: Exports of Goods and Services data was reported at 4.059 % in 2026. This records a decrease from the previous number of 5.148 % for 2025. Indonesia ID: GDP: Growth: Volume: Exports of Goods and Services data is updated yearly, averaging 5.886 % from Dec 1996 (Median) to 2026, with 31 observations. The data reached an all-time high of 26.485 % in 2000 and a record low of -31.805 % in 1999. Indonesia ID: GDP: Growth: Volume: Exports of Goods and Services data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Indonesia – Table ID.OECD.EO: GDP: Growth and Contribution to Growth: Forecast: Non OECD Member: Annual. XGSV_ANNPCT - Exports of goods and services, volume, growth (national accounts basis). Percentage change compared to the previous period. Quarterly growth expressed at annual rate.