The Indonesian economy advanced 5.19% year-on-year in the fourth quarter (Q4) of 2017, following a 5.06% growth in the previous period. It was the highest economic growth since Q4 of 2013, as government spending, private consumption and investment rose faster while exports increased further. For full 2017, the economy grew by 5.07%, compared to a marginally revised 5.03% growth in 2016.
Compared to Q3 of 2017 (quarter-on-quarter), GDP shrank 1.70%, after a marginally revised 3.19% growth in the September quarter. It was the first contraction since the March quarter of the year, as private consumption stagnated while exports were sluggish and investment rose at a slower pace.
