Indonesia GDP Trends from 1980 to 2024: A overall increase with some decline Flow

Indonesia's GDP changed from approximately $99B 296M in 1980 to $1T 475B in 2024, showing an overall 1386.2% sharply increased during the period.
The lowest GDP was recorded in 1987 at $95B 214M, and the highest in 2024 at $1T 475B.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 6.3%.
For comparison, the average annual growth rate of Malaysia was 6.6%, and that of Vietnam was 6.0%.

Overview of Indonesia's GDP (1980–2024)

The Gross Domestic Product (GDP) of Indonesia recorded a 1386.2% sharply increased from 1980 to 2024.
The average GDP during this period was $492B 530M, and the median was $260B 680M.
GDP fluctuated within a range of $1T 380B, with a standard deviation of $429B 380M.
The average annual change was $30B 67M.


Indonesia GDP from 1980 to 2024

The total market value of goods and services produced annually in Indonesia.

Change Chart

    Highest and Lowest GDP Records

    • Lowest GDP: 1987, $95B 214M
    • Highest GDP: 2024, $1T 475B
    • Most Recent GDP: 2024, $1T 475B

    Notable Annual GDP Changes

    • 2010: Significant increase in GDP
    • 1998: Noticeable drop in GDP

    Overall pattern: overall increase with some decline


    Global Economic Events and Indonesia's GDP

    COVID-19 Pandemic (2020)

    • Period: From 2019 to 2020
    • GDP Change: $1T 119B → $1T 59B
    • Outcome: declined

    2008 Global Financial Crisis

    • Period: From 2007 to 2009
    • GDP Change: $470B 92M → $578B 577M
    • Outcome: sharply increased

    2001 Dot-com Bubble Burst

    • Period: From 2000 to 2001
    • GDP Change: $179B 482M → $174B 507M
    • Outcome: declined

    1998 Asian Financial Crisis

    • Period: From 1997 to 1998
    • GDP Change: $260B 680M → $115B 323M
    • Outcome: sharply declined

    Key Economic Indicators of Indonesia (1980–2024)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    1980
    $ 99B 296M
    $ 673.24
    $ 1,286.30
    $ 189B 717M
    9.88 %
    2.921 %
    20.39 %
    0 %
    147M 490K people
    1981
    $ 110B 848M
    $ 736.99
    $ 1,485.70
    $ 223B 458M
    7.604 %
    -0.541 %
    22.21 %
    0 %
    150M 406K people
    1982
    $ 113B 799M
    $ 741.95
    $ 1,581.68
    $ 242B 596M
    2.246 %
    -4.745 %
    16.90 %
    0 %
    153M 379K people
    1983
    $ 103B 149M
    $ 659.47
    $ 1,679.34
    $ 262B 666M
    4.193 %
    -6.495 %
    16.12 %
    0 %
    156M 410K people
    1984
    $ 107B 218M
    $ 672.20
    $ 1,835.46
    $ 292B 759M
    7.574 %
    -2.145 %
    17.82 %
    0 %
    159M 502K people
    1985
    $ 107B 62M
    $ 658.22
    $ 1,929.31
    $ 313B 812M
    3.906 %
    -1.961 %
    19.32 %
    0 %
    162M 655K people
    1986
    $ 101B 220M
    $ 610.23
    $ 2,068.75
    $ 343B 143M
    7.189 %
    -4.248 %
    16.77 %
    0 %
    165M 870K people
    1987
    $ 95B 214M
    $ 562.90
    $ 2,215.55
    $ 374B 757M
    6.572 %
    -2.521 %
    20.58 %
    0 %
    169M 149K people
    1988
    $ 107B 279M
    $ 621.93
    $ 2,406.19
    $ 415B 50M
    6.979 %
    -1.958 %
    20.91 %
    0 %
    172M 492K people
    1989
    $ 122B 582M
    $ 696.87
    $ 2,674.84
    $ 470B 510M
    9.085 %
    -1.387 %
    25.58 %
    0 %
    175M 902K people
    1990
    $ 138B 258M
    $ 770.76
    $ 2,966.12
    $ 532B 58M
    9.002 %
    -2.315 %
    23.08 %
    0 %
    179M 379K people
    1991
    $ 154B 558M
    $ 847.57
    $ 3,285.74
    $ 599B 167M
    8.928 %
    -2.847 %
    23.94 %
    0 %
    182M 354K people
    1992
    $ 168B 280M
    $ 907.77
    $ 3,521.42
    $ 652B 794M
    6.523 %
    -1.842 %
    22.78 %
    0 %
    185M 378K people
    1993
    $ 190B 913M
    $ 1,013.06
    $ 3,828.19
    $ 721B 432M
    7.956 %
    -1.205 %
    23.31 %
    0.957 %
    188M 452K people
    1994
    $ 213B 727M
    $ 1,115.61
    $ 4,136.16
    $ 792B 395M
    7.54 %
    -1.404 %
    24.43 %
    1.379 %
    191M 578K people
    1995
    $ 244B 227M
    $ 1,254.02
    $ 4,495.44
    $ 875B 508M
    8.22 %
    -2.784 %
    23.91 %
    1.845 %
    194M 755K people
    1996
    $ 274B 721M
    $ 1,394.50
    $ 4,879.28
    $ 961B 239M
    7.818 %
    -2.657 %
    22.99 %
    1.985 %
    197M 4K people
    1997
    $ 260B 680M
    $ 1,308.11
    $ 5,137.36
    $ 1T 23B
    4.7 %
    -1.458 %
    24.96 %
    0.451 %
    199M 280K people
    1998
    $ 115B 323M
    $ 572.09
    $ 4,461.62
    $ 899B 379M
    -13.127 %
    3.469 %
    17.02 %
    0.893 %
    201M 581K people
    1999
    $ 169B 158M
    $ 829.57
    $ 4,508.48
    $ 919B 322M
    0.791 %
    3.4 %
    12.48 %
    2.263 %
    203M 909K people