Indonesia Gross Domestic Product (GDP) by Year (1967–2023)

Indonesia Gross Domestic Product (GDP) by Year (1967–2023)

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TGM StatBox. (2024). Indonesia Gross Domestic Product (GDP) by Year (1967–2023). TGM StatBox.
Chart Details
Timeframe: 1960-2023
Country: Indonesia
Published date: 2024
Note: The GDP data in the context of the World Development Indicators (WDI) refers to the information provided by the World Bank that tracks a country's Gross Domestic Product (GDP) and related economic metrics.
Key Takeaways
Indonesia's GDP highlights its evolution from an agrarian economy to a major emerging market. GDP stood at $5.6 billion in 1967 and grew significantly during the 1970s oil boom, reaching $85.5 billion in 1981. The 1997 Asian Financial Crisis caused a sharp contraction, with GDP dropping to $95.4 billion in 1998.

Post-crisis reforms spurred robust recovery, with GDP surpassing $1 trillion in 2010. Strong domestic consumption and diversified exports have driven recent growth, with GDP reaching $1.37 trillion in 2023, reflecting Indonesia's resilience and economic potential in Southeast Asia.

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