Source: world bank Nominal/PPP
Summary:
Indonesia GDP Per Capita expanded from 1967 to 2024, increasing from $5.67 to $1,396.30 .The compound annual growth rate (CAGR) averaged 10.14% over the period. The economy recorded its peak level in 2024 and its lowest level in 1967. Growth volatility remained high. The maximum drawdown reached 58.02%, indicating the largest cyclical decline from peak levels. The country experienced 7 recession episode(s) during the observed period.
Indonesia Economic Phases (1967 - 2024)
From 1967 to 2024, Indonesia economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1968–1970) indicating robust economic expansion
- High Growth (1972–1978) indicating robust economic expansion
- High Growth (1980–1982) indicating robust economic expansion
- Expansion (1984–1985) indicating steady moderate growth
- Contraction (1986–1987) indicating temporary slowdown
- High Growth (1988–1996) indicating robust economic expansion
- High Growth (1999–2000) indicating robust economic expansion
- High Growth (2002–2011) indicating robust economic expansion
- Contraction (2013–2015) indicating temporary slowdown
- High Growth (2016–2017) indicating robust economic expansion
- High Growth (2021–2022) indicating robust economic expansion
- Expansion (2023–2024) indicating steady moderate growth
The most remarkable growth occurred in 1974 with an increase of 58.557%, while the largest decline was in 1998 at -55.761%.