Indonesia Economic Quarterly, December 2012 : Policies in Focus
Indonesia's real Gross Domestic Product (GDP) growth has proven robust to the weakness in external demand in 2012. Real GDP rose by 6.2 percent year-on-year in the third quarter. This was slightly lower than the 6.4 percent growth seen in the...
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| Format: | Report |
| Language: | English |
| Published: |
World Bank, Washington, DC
2018
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| Online Access: | http://documents.worldbank.org/curated/en/284921468039052705/Indonesia-economic-quarterly-policies-in-focus http://hdl.handle.net/10986/30839 |
| Summary: | Indonesia's real Gross Domestic
Product (GDP) growth has proven robust to the weakness in
external demand in 2012. Real GDP rose by 6.2 percent
year-on-year in the third quarter. This was slightly lower
than the 6.4 percent growth seen in the second quarter and
was the eighth consecutive quarter of above 6 percent
growth. On a seasonally-adjusted quarter-on quarter basis
the economy grew by 1.3 per cent in the third quarter, down
from 1.6 percent in the second quarter. While real GDP
growth eased only slightly, nominal GDP growth slowed
significantly in the third quarter, falling to 9.9 per cent
year-on-year, from 12.5 percent year-on-year in the second
quarter. The level of investment spending remained high, up
10 percent year-on-year in the third quarter. However,
investment did contract in seasonally adjusted quarter on
quarter terms by 0.4 percent. This sequential contraction
was largely driven by falls in spending on foreign
transportation, machinery and equipment, consistent with the
weakness in capital goods imports seen in the quarter. In
contrast to the sharp drop in government consumption and
moderation in investment, private consumption growth picked
up in the third quarter, increasing by 5.7 percent year
on-year. Growth in the services sectors moderated somewhat
but was still solid at 7.3 percent year-on-year, compared to
8.1 year-on-year in the second quarter. Communications and
transport remained one of the strongest of the service
sectors (up 10.5 per cent year-on year). There was some
moderation in the trade, hotel and restaurant sector in the quarter. |
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