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Overview of Indonesia and its EconomyTable 1.7.4 Indonesia GDP, 2002-2011YearReal GDP(constant price)—Trillion Rp.Annualgrowth2002 (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,506.102003 (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,577.20 4.7%2004 (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,656.80 5.0%2005 (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,749.50 5.6%2006 (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,843.80 5.4%2007 (f) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,953.70 6.0%2008 (f) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,073.60 6.1%2009 (f) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,185.40 5.4%2010 (f) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,305.90 5.5%2011 (f) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,443.00 5.9%a = Actualf = ForecastSource: Economist Intelligence Unit, Country Forecast, February 2007Table 1.7.5 Indonesia forecast overview, 2007-2011Key indicator 2007 2008 2009 2010 2011Real GDP growth (%) . . . . . . . . . . . . . . . . . . . . . . . . . 6.0 6.1 5.4 5.5 5.9Consumer price inflation (av;%) . . . . . . . . . . . . . . . . . . 6.9 6.1 6.2 5.1 5.1Budget balance (% of GDP). . . . . . . . . . . . . . . . . . . . . (0.9) (0.6) (1.0) (0.9) (1.2)Current-account balance (% of GDP) . . . . . . . . . . . . . . 1.4 1.0 0.7 0.5 0.4Deposit rate (av;%) . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.3 9.1 9.6 9.1 9.0Exchange rate Rp.:US$ (av). . . . . . . . . . . . . . . . . . . . . 9,212 9,422 9,601 9,640 9,703Exchange rate Rp.:¥100 (av) . . . . . . . . . . . . . . . . . . . . 8,063 9,446 10,027 10,310 10,570Source: Economist Intelligence Unit, Country Forecast, February 20071.7.4 Private consumption expenditure growthSimilar to other South East Asian countries, strong domestic demand has become the dominant growthfactor in Indonesia over the last few years. Since the financial crisis in 1997, private consumption hasremained the principal driver of Indonesia’s economic growth.Prior to the crisis, private consumption contributed approximately 60% of total GDP. Between 2002 and2005, the proportion of private consumption expenditure increased to approximately 65% of total GDP.Over the last five years private consumption (at constant prices) rose at a rate of 4% per annum.F-13