December 31, 2014 | BPS Activities
The rebasing of Gross
Domestic Product (GDP) is a common process undertaken by a National Statistical
Office (NSO) to describe the current economic conditions. Badan Pusat Statistik
(BPS) has rebased the Indonesia’s GDP five times, which is 1960, 1973, 1983,
1993, and 2000. Currently, BPS undertakes the rebasing process of GDP from base
year 2000 to 2010. So, estimates of constant price GDP will be expressed in the
prices of 2010.
Rebasing GDP to
reference year 2010 does not only changes the base year prices, but also
improve conceptual, scope, and methodological reviews based on System of
National Accounts 2008 (2008 SNA).
Why GDP needs to be rebased?
Over the past ten
years, many changes in the structure of global and local economy that influence
in the national economy. The global financial crisis or the implementation of
free trade area is an example of the refinement that needs to be adopted in the
national statistical recording mechanism.
The refinement
process in the national statistical system has been undertaken by rebasing the
GDP to reference year 2010 and adopting the three estimates of GDP from
production, expenditure and income approaches using Supply and Use Tables (SUT)
as recommended in the SNA.
The rebasing also
reveals a more accurate estimate of the size and structure of the economy by
incorporating the new economic activities which were not previously captured in
the computational framework.
During November and
December 2014, BPS has already promoted the new Indonesia’s GDP. It started within
the BPS internally, then extended to the stakeholders such as National Planning
Board, Ministry of Finance, the Central Bank of Indonesia, other
ministries/agencies, practitioners and academics, and the media. This was
performed in order to build awareness of the impact of new GDP that will effect
to the users.
When will BPS release GDP (reference year 2010)?
BPS will release
official GDP base year 2010 on February, 2015 at the time of the release of
quarterly GDP (the 4th Quarter of GDP 2014).
Where is information about rebasing Indonesia’s GDP available?
Information about
rebasing and implementation of the 2008 SNA on Indonesia's GDP can be found in
the booklet "Rebasing of GDP based on 2008 SNA"
BPS-Statistics Indonesia
BPS Provinsi Papua Barat (BPS-Statistics of Papua Barat Province)
Jl. Trikora Sowi IV No. 99
Distrik Manokwari Selatan - Manokwari - Papua Barat - 98315
Telp: (62-986) 2210047
Mailbox: papuabarat@bps.go.id
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