What was the real GDP in 2008?

What was the real GDP in 2008?

$15.3 trillion
Real GDP was just $15.3 trillion.

Why is Indonesia’s GDP so high?

Growth was driven primarily by domestic consumption, which accounts for roughly three-fourths of Indonesia’s gross domestic product (GDP). The Jakarta Stock Exchange was the best performing market in Asia in 2004, up by 42%.

What is the average GDP of Indonesia?

GDP per capita in Indonesia is expected to reach 4450.00 USD by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Indonesia GDP per capita is projected to trend around 4700.00 USD in 2022, according to our econometric models.

Is Indonesia richer than India?

With a nominal gross domestic product (GDP) of $2.6 trillion, India is a significantly bigger economy than Indonesia ($1.01 trillion). Consequently, its nominal per-capita GDP ($1,983 in 2017) is significantly lower than Indonesia’s ($3,876).

What was the GDP growth rate in 2008?

U.S. gdp growth rate for 2018 was 3.00%, a 0.66% increase from 2017. U.S. gdp growth rate for 2017 was 2.33%, a 0.62% increase from 2016….U.S. GDP Growth Rate 1961-2022.

U.S. GDP Growth Rate – Historical Data
Year GDP Growth (%) Annual Change
2008 -0.14% -2.01%
2007 1.88% -0.98%
2006 2.86% -0.66%

Why did GDP decrease in 2008?

The combination of banks unable to provide funds to businesses, and homeowners paying down debt rather than borrowing and spending, resulted in the Great Recession that began in the U.S. officially in December 2007 and lasted until June 2009, thus extending over 19 months.

Is Indonesia poorer than Philippines?

Indonesia has a GDP per capita of $12,400 as of 2017, while in Philippines, the GDP per capita is $8,400 as of 2017.

Why is Indonesia’s GDP per capita so low?

Indonesia’s trade-to-GDP ratio is in fact very low at around 40 percent (far below the world’s average of 55-60 percent). This low ratio indicates that Indonesia is poorly integrated into the global supply and value chains.

Why is Indonesia’s GDP so low?

This is due to a drop in private consumption, lower then expected Government spending and low commodity prices. Looking forward, annual average GDP growth is forecast at 5.7 per cent for the period 2017 to 2021, putting Indonesia on track to join the club of trillion dollar economies within just a few years.

Is Indonesia poor than India?

Dubbed as a lower middle income country, India is found to be scoring lower than Indonesia on five of the seven counts mentioned in the report. Dubbed as a lower middle income country, India is found to be scoring lower than Indonesia on five of the seven counts mentioned in the report.

Why Indonesia is not a rich country?

So why is Indonesia poor? A significant cause of poverty in Indonesia is a lack of adequate infrastructure. Much of Indonesia’s existing infrastructure is of poor quality and the country is lacking roads, harbors, airports and resources for power generation.

What caused the GDP to drop in 2008?

What is the GDP of Indonesia in US dollars?

Data are in current U.S. dollars. Indonesia gdp per capita for 2019 was $4,136, a 6.21% increase from 2018. Indonesia gdp per capita for 2018 was $3,894, a 1.46% increase from 2017. Indonesia gdp per capita for 2017 was $3,838, a 7.71% increase from 2016.

What is the gross domestic product of Indonesia?

It has one of the largest gross domestic products in the world: In 2014, the Indonesian GDP was reported to exceed 856 billion U.S. dollars. GDP in Indonesia has been increasing rapidly and in 2011, it was estimated that it had grown by more than 6.4 percent in comparison to the previous year.

Will Indonesia’s GDP grow by 2030?

According to a forecast by Goldman Sachs, Indonesia will be among the 15 countries with the largest gross domestic product worldwide by 2030. In addition, the gross domestic product per capita in Indonesia has also undergone a rapid increase.

What is the difference between GDP and GDP per capita?

GDP per capita is gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products.