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.
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.
For additional information, visit statistics on Indonesia’s government debt-to-GDP ratio, Industry sector’s GDP share in Indonesia, Indonesia’s services sector share in GDP.
