Indonesia Tasso di Crescita annuale del PIL

Indonesia's economy advanced by 5.04% yoy in Q4 of 2023, roughly in line with market forecasts of a 5.0% growth and after the softest growth in 2 years of 4.94% in Q3. Government spending rebounded (2.81% vs -3.93% in Q3), amid a positive contribution from net trade as exports grew (1.64% vs -3.91%) while imports fell (-0.15% vs -6.75%). Meantime, growth slowed for household consumption (4.47% vs 5.05%) and fixed investment (5.02% vs 5.77%). On the production side, output quickened for mining (7.46% vs 6.95%), construction (7.68% vs 6.39%), and health services (3.09% vs 2.91%); while easing for manufacturing (4.07% vs 5.19%), communication (6.74% vs 8.51%), agriculture (1.12% vs 1.49%%), and wholesale & retail trade (4.09% vs 5.10%). For the full year, the economy expanded 5.05%, slightly above government projections of around 5% while slowing from a 5.31% increase in 2022. For 2024, the country's GDP is expected to grow 5.3%, supported by spending related to the February election.