Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

Indonesian GDP growth slows further amid cooling investment, exports

  • Riska Rahman

    The Jakarta Post

Jakarta   /   Tue, December 17, 2019   /  08:01 am
The Jakarta Post Image
Thick smog blankets the high-rise buildings in Jakarta's business district of the Jl. Sudirman area on Oct. 9.(JP/Dhoni Setiawan)

Indonesia’s economic growth has slowed further in 2019 to a level unseen in more than two years as global economic uncertainty has spilled over to the country, adversely affecting investment and exports. The country’s gross domestic product (GDP) grew by 5.02 percent in this year’s third quarter compared to 5.17 percent recorded in the same period last year. The figure marks a slowdown from year-on-year (yoy) growth of 5.07 percent and 5.05 percent penciled in the first and second quarter of this year, respectively. GDP growth in this year’s third quarter was the slowest since 5.01 percent recorded in the second quarter of 2017 and far below the target of 5.3 percent stipulated in the 2019 state budget. Growth of household spending, which accounts for more than half of the GDP, stagnated at 5.01 percent yoy in the third quarter, while investment, whic...