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Indonesia : Demand-side contributions to growth, Fixed Investment

3.24.1 Demand-side contributions to growth Private consumption Government consumption Fixed investment Change in inventories Net exports Statistical discrepancy GDP Percentage points 9. 6.0 6.2 6.5 4.6 6.2 6. 3_ -3- 2008 2009 2010 2011 2012 Sources: Asian Development Outlook database; CEIC Data Company (accessed 1 March 2013). 3.24.2 Fixed investment % of GDP 35_ 28_ 21- 14- 7- 1990 1995 2000 2005 2012 Sources:Asian Development Outlook database; CEIC Data Company (accessed 1 March 2013). 3.24.1 Demand-side contributions to growth Private consumption Government consumption Fixed investment Change in inventories Net exports Statistical discrepancy GDP Percentage points 9. 6.0 6.2 6.5 4.6 6.2 6. 3_ -3- 2008 2009 2010 2011 2012 Sources: Asian Development Outlook database; CEIC Data Company (accessed 1 March 2013). 3.24.2 Fixed investment % of GDP 35_ 28_ 21- 14- 7- 1990 1995 2000 2005 2012 Sources:Asian Development Outlook database; CEIC Data Company (accessed 1 March 2013).

Indonesia : Demand-side contributions to growth, Fixed Investment

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GDP growth at 6.2% in 2012 was based on robust private consumption and a better performance in fixed-capital investment (Figure 3.24.1). Net exports fell, acting as a drag on GDP growth. Private con... sumption picked up to increase by 5.3%, the strongest pace in 4 years, and it contributed almost half of total GDP growth on the expenditure side. Consumption got a lift from increases in employment and wages as well as lower inflation. Sales of automobiles rose by nearly 25%, even though Bank Indonesia, the central bank, raised minimum down payments on cars and motorcycles. Fixed investment accelerated to 9.8% in 2012, building on the previous year’s increase of 8.8%, and was the source of 2.4 percentage points of GDP growth. Driving factors included an improved investment climate, a record of solid economic growth over recent years, and the expansion of credit. Outlays on buildings and infrastructure rose by 7.5%, and investment in machinery and equipment increased by a strong 12.7%. Renewed efforts to improve public infrastructure saw the central government’s capital spending rise by 18.9%. As a result, the ratio of fixed capital formation to GDP rose to 33.2%, the highest in at least 20 years (Figure 3.24.2). Realized foreign direct investment (FDI) surged by 26.1% to $23.6 billion, nearly half into manufacturing and 17% into mining (the data exclude investment in oil and gas). Investment in inventories also rose sharply. Sources: Asian Development Outlook database; CEIC Data Company (accessed 1 March 2013) -

Indonesia : Demand-side contributions to growth, Fixed Investment

Indonesia : Demand-side contributions to growth, Fixed Investment

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