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.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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 | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
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 |
