Indonesia's new national accounts

This note addresses some of the main changes in Indonesia's national accounts, from 2000. These have resulted in higher estimates of GDP and slightly higher rates of GDP growth. The changes are part of a regular cycle of revisions and improvements in national accounting by the central statistics agency, BPS. On the output side, the higher level of GDP in 2000 is mainly due to upward revisions of value added in manufacturing industry, banking and trade. On the expenditure side, the higher level is mainly due to an upward revision of exports and the introduction of an estimate of investment in inventories. The choice of a new base year has resulted in higher weights for sectors with relatively high growth. This explains the higher rates of total GDP growth during 2000-03.