Indonesia: Recent Economic Developments
September 29, 1997
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This paper reviews economic developments in Indonesia during 1996–97. The Indonesian economy continued to perform well in 1996, with real GDP growth of 7.8 percent. The rate of inflation fell to 5 percent in 1996/97, assisted by improved food supplies and generally subdued import prices. A budgetary surplus of 1 percent of GDP was estimated for 1996/97, reflecting higher-than-projected oil revenue and firm expenditure control. However, broad money and private sector credit growth were 27 percent and 24 percent, respectively, in the face of strong private capital inflows.
Subject: Banking, Commercial banks, Commodities, Exports, External debt, Financial institutions, Imports, International trade, Oil
Keywords: balance of payments, banking system, broad money, Commercial banks, CR, current account, debt service, Europe, exchange rate, Exports, foreign currency, Imports, ISCR, North America, Oil, private sector, working capital
Pages:
99
Volume:
1997
DOI:
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Issue:
075
Series:
Country Report No. 1997/075
Stock No:
1IDNEA0011997
ISBN:
9781451818208
ISSN:
1934-7685
