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Economics Gdp Comparison

In: Business and Management

Submitted By ro13by
Words 1417
Pages 6
Indonesia rely its economy through various activities. The resources and commodities includes agricultural i.e. tea, coffee, beans, etc.; Mining i.e. coal, crude oil, valuable stones, etc.; Plantation i.e. palm oil, and many others.
There are some tourism attraction spots that contribute in the GDP, such as Bali, Lombok, Yogyakarta, etc. Although, the maximum value of the resources have not achieved yet, the GDP of Indonesia is already top 5 in Asia.
Indonesia has made a positive and stable trend in these past ten years, few reasons that caused this to happen is the stability of the political condition that in a sense favor the people more and more, which pushes job creation in many sector and decreases unemployment. Even though the currency is weakened over time but the overall living standard is boost up, this can be seen from the rise of the middle or even middle-high income population as the economy improves.

Production Output Performance Analysis
Real GDP (GDP Constant Prices) of Indonesia 2005-2014

For almost six years from 2005 to late 2009, real gross domestic product has been relatively the same around 500,000 billion rupiah or equivalent to 38 million US dollar. Global financial crisis on 2008 to 2009 surprisingly did not make a significant impact on the value of real GDP, as the value fell not below the previous lines.
In fact shortly after, its value was rocketing more than three times in less than quarter of a year to 1,800,000 billion. During steady and increasing trend on real GDP value on the next years, there was one notable point where the value plunged down 1.6 times in 2013 from 200,000 billion to 125,000 billion rupiah, and rose again to 220,000 billion at the same year.

GDP (Annual) Growth Rate of Indonesia 2005-2014

The flow of the graph in overall shows a decreasing trend. It is started on late 2005 where the…...

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