Indonesia: Recent Economic Developments

International Monetary Fund

No 1997/075, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; broad money; exchange rate; private sector; working capital; current account; foreign currency; debt service; banking system; balance of payments; Exports; Oil; Imports; Commercial banks; North America; Europe (search for similar items in EconPapers)
Pages: 99
Date: 1997-09-29
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=2376 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:1997/075

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().