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%.
Indonesia GDP from 1980 to 2024
The total market value of goods and services produced annually in Indonesia.
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.
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)
| year | GDP Growth | Nominal GDP | PPP GDP | GDP per Capita | PPP per Capita | Savings | Population | Current Account | Fiscal Balance |
|---|---|---|---|---|---|---|---|---|---|
1980 | 9.88 % | $ 99B 296M | $ 189B 717M | $ 673.24 | $ 1,286.30 | 20.39 % | 147M 490K people | 2.921 % | 0 % |
1981 | 7.604 % | $ 110B 848M | $ 223B 458M | $ 736.99 | $ 1,485.70 | 22.21 % | 150M 406K people | -0.541 % | 0 % |
1982 | 2.246 % | $ 113B 799M | $ 242B 596M | $ 741.95 | $ 1,581.68 | 16.90 % | 153M 379K people | -4.745 % | 0 % |
1983 | 4.193 % | $ 103B 149M | $ 262B 666M | $ 659.47 | $ 1,679.34 | 16.12 % | 156M 410K people | -6.495 % | 0 % |
1984 | 7.574 % | $ 107B 218M | $ 292B 759M | $ 672.20 | $ 1,835.46 | 17.82 % | 159M 502K people | -2.145 % | 0 % |
1985 | 3.906 % | $ 107B 62M | $ 313B 812M | $ 658.22 | $ 1,929.31 | 19.32 % | 162M 655K people | -1.961 % | 0 % |
1986 | 7.189 % | $ 101B 220M | $ 343B 143M | $ 610.23 | $ 2,068.75 | 16.77 % | 165M 870K people | -4.248 % | 0 % |
1987 | 6.572 % | $ 95B 214M | $ 374B 757M | $ 562.90 | $ 2,215.55 | 20.58 % | 169M 149K people | -2.521 % | 0 % |
1988 | 6.979 % | $ 107B 279M | $ 415B 50M | $ 621.93 | $ 2,406.19 | 20.91 % | 172M 492K people | -1.958 % | 0 % |
1989 | 9.085 % | $ 122B 582M | $ 470B 510M | $ 696.87 | $ 2,674.84 | 25.58 % | 175M 902K people | -1.387 % | 0 % |
1990 | 9.002 % | $ 138B 258M | $ 532B 58M | $ 770.76 | $ 2,966.12 | 23.08 % | 179M 379K people | -2.315 % | 0 % |
1991 | 8.928 % | $ 154B 558M | $ 599B 167M | $ 847.57 | $ 3,285.74 | 23.94 % | 182M 354K people | -2.847 % | 0 % |
1992 | 6.523 % | $ 168B 280M | $ 652B 794M | $ 907.77 | $ 3,521.42 | 22.78 % | 185M 378K people | -1.842 % | 0 % |
1993 | 7.956 % | $ 190B 913M | $ 721B 432M | $ 1,013.06 | $ 3,828.19 | 23.31 % | 188M 452K people | -1.205 % | 0.957 % |
1994 | 7.54 % | $ 213B 727M | $ 792B 395M | $ 1,115.61 | $ 4,136.16 | 24.43 % | 191M 578K people | -1.404 % | 1.379 % |
1995 | 8.22 % | $ 244B 227M | $ 875B 508M | $ 1,254.02 | $ 4,495.44 | 23.91 % | 194M 755K people | -2.784 % | 1.845 % |
1996 | 7.818 % | $ 274B 721M | $ 961B 239M | $ 1,394.50 | $ 4,879.28 | 22.99 % | 197M 4K people | -2.657 % | 1.985 % |
1997 | 4.7 % | $ 260B 680M | $ 1T 23B | $ 1,308.11 | $ 5,137.36 | 24.96 % | 199M 280K people | -1.458 % | 0.451 % |
1998 | -13.127 % | $ 115B 323M | $ 899B 379M | $ 572.09 | $ 4,461.62 | 17.02 % | 201M 581K people | 3.469 % | 0.893 % |
1999 | 0.791 % | $ 169B 158M | $ 919B 322M | $ 829.57 | $ 4,508.48 | 12.48 % | 203M 909K people | 3.4 % | 2.263 % |