In 2015, GDP growth was the slowest since 2009, as private consumption suffered from a decline in rural incomes, higher inflation, tighter consumer credit, and a weaker labor market. However, growth could accelerate in 2016 due to increased public investment in infrastructure and higher consumer spending.
Delays in key public infrastructure projects are a risk, due to a possible government revenue shortfall. This could be exacerbated by continued weak oil and commodity prices.
|Composite Stock Price Index 1||5.0 (Jan17)||5.0||4.0|
|Broad Money Growth 2||10.0 (Dec16)||10.0||9.4|
|Headline Inflation Rate 3||3.0 (Dec16)||3.6||3.4|
|Industrial/ Manufacturing Production Growth Rate 3||-2.3 (Nov16)||-2.2||6.6|
|Merchandise Export Growth 3||15.6 (Dec16)||15.6||21.4|
|Exchange Rate Index 4||141.3 (Jan17)||141.3||141.8|
|1 Monthly average, local index.|
3 y-o-y, %.
4 Monthly average, January 2006 = 100, $/local currency.
|Source: Bloomberg LP; CEIC database; Badan Pusat Statistik.|