AEIR 2018

GDP growth accelerated slightly from 5.1% in 2017 to 5.2% in 2018, the fastest since 2013. Stronger domestic investment and robust domestic consumption more than offset weaker export growth. Private spending sustained growth supported by the continued increase in household income due to a robust increase of formal employment. On the supply side, robust growth in services and an accelerated expansion in industrial production led GDP growth, while agriculture remained stable. GDP growth is expected to stay at 5.2% in 2019 and increase slightly to 5.3% in 2020. While weakening global growth and world trade are downside risks to export growth, GDP growth will be supported by domestic demand.

Source: Asian Development Outlook 2019, ADB.
Latest Month-Ago Year-Ago
Composite Stock Price Index 1 6.0 (Jun19)6.0 5.0
Broad Money Growth 2 6.2 (Apr19)6.2 6.5
Headline Inflation Rate 3 3.3 (Jun19)3.3 3.1
Industrial/ Manufacturing Production Growth Rate 3 1.1 (Apr19)8.3 6.5
Merchandise Export Growth 3 -9.0 (May19)-9.0 -9.5
Exchange Rate Index 4 150.5 (Jun19)152.0 148.1
1 Monthly average, local index.
2 %.
3 y-o-y, %.
4 Monthly average, January 2006 = 100, $/local currency.
Source: Bloomberg LP; CEIC database; Badan Pusat Statistik.

Initiatives / FTAs