Bank Indonesia Projects Indonesia's GDP Growth at 5.77% in Q1-2014

Director of the Communication Department at Bank Indonesia Tirta Segara said that Indonesian exports are improving, particularly manufactured exports, in line with improving conditions in advanced economies. Private investment in the first quarter of 2014 grew slightly but is expected to grow more markedly in the second quarter. Previously, the institution had already stated that its target range for economic growth is between 5.5 and 5.9 percent.

Foreign capital inflows continued in March 2014, accumulating to USD $5.8 billion in the first quarter of 2014. However, as the result of the legislative election on Wednesday (09/04) was a disappointment in the eyes of most foreign investors who hoped for a clear victory for the PDI-P (paving the way for Joko Widodo as next Indonesian president), some capital outflows can be expected until there is more political certainty ahead of the presidential election on 9 July 2014.

Previously, Indonesia's Finance Minister Chatib Basri forecast a growth rate of between 5.7 and 5.8 percent for Q1-2014, similar to the growth pace that was recorded in the fourth quarter of 2013 (5.78 percent).

Indonesia's Quarterly GDP Growth 2009–2013 (annual % change):

Year	Quarter I	Quarter II	Quarter III	Quarter IV
2013	6.03	5.89	5.62	5.78
2012	6.29	6.36	6.16	6.11
2011	6.45	6.52	6.49	6.50
2010	5.99	6.29	5.81	6.81
2009	4.60	4.37	4.31	4.58

^{Source: Statistics Indonesia (BPS)}

Gross Domestic Product of Indonesia 2006-2013:

	2006	2007	2008	2009	2010	2011	2012	2013
GDP (in billion USD)	285.9	364.6	432.1	510.2	539.4	706.6	846.8	878.0
GDP (annual percent change)	5.5	6.3	6.1	4.6	6.1	6.5	6.2	5.8
GDP per Capita (in USD)	1,643	1,923	2,244	2,345	3,010	3,540	3,592	-

^{Sources: World Bank, International Monetary Fund (IMF) and Statistics Indonesia (BPS)}

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