8.2 GDP of Indonesia and its unique sectorial makeup
All sectors that make up Indonesia’s GDP and specifics around the country’s makeup:
Predominant sectors: Indonesia’s GDP is predominantly composed of the services sector, including tourism, retail, and finance. Additionally, the country’s manufacturing sector, particularly in textiles and electronics, plays a significant role. Agriculture remains essential, though its relative share in the GDP has been decreasing.
Not so predominant sectors: While agriculture remains crucial, its relative share in the GDP has been declining compared to services and manufacturing sectors.
Total GDP of Indonesia:
Total GDP: Indonesia’s nominal GDP reached around $1.42 trillion in the latest available data of 2023.
Primary industry share of the total GDP: The primary industry, including agriculture and mining, contributes around 13.7% of Indonesia’s total GDP.
Secondary industry share of the total GDP: The secondary industry, including manufacturing and construction, contributes about 41% to Indonesia’s GDP.
Tertiary industry share of the total GDP: The tertiary industry, primarily in services, contributes approximately 45.4% to Indonesia’s GDP.
Figure 1: Gross domestic product (GDP) share of Indonesia in 2022, by sector
GDP growth rate – YOY:
Total GDP growth rate: Indonesia’s GDP growth rate has been averaging around 5-6% in recent years.
Growth rate Primary Industry: The growth rate in the primary industry varies, influenced by agriculture and mining performance.
Secondary Industry growth rate: The secondary industry’s growth rate fluctuates, driven by manufacturing and construction trends.
Tertiary Industry growth rate: The tertiary industry typically experiences more stable growth, particularly in the services sector.