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Overview of Indonesia and its EconomyFigure 1.7.1: Private consumption (current prices), 2000-2005Trillion RpSource: Central Statistics Bureau2,000Private Consumption1,800Growth1,6001,4001,2001,00080060040020002000 2001 2002 2003 2004 2005Year25%20%15%10%5%0%Percentage GrowthIn nominal terms, private consumption expenditure in 2005 totalled approximately Rp. 1,786 trillion(current prices) compared to Rp. 1,533 trillion the previous year.The following table details Indonesia’s GDP from 2001 to 2005 based on expenditure and its proportion oftotal GDP.Table 1.7.6 GDP by expenditure—Indonesia, 2000-2005Indonesia current prices (in billions rupiah)2000 2001 2002 2003 2004 2005Expenditure . . . . . . . . . . . . . . . . . 1,389,770 1,684,280 1,863,275 2,045,853 2,273,142 2,729,708Private consumption . . . . . . . . . . . 856,798 1,039,655 1,231,965 1,372,078 1,532,888 1,785,596Government consumption . . . . . . . 90,780 113,416 132,219 163,701 191,056 224,981Gross fixed capital formation . . . . . 275,881 323,875 353,967 392,789 492,850 599,795Increase in stocks . . . . . . . . . . . . . 33,283 47,194 35,980 122,682 34,515 7,172Exports of goods & services. . . . . . 569,490 642,595 595,514 613,721 729,321 915,610Less: Imports goods & services . . . 423,318 506,426 480,815 462,941 623,525 797,276Statistical discrepancy . . . . . . . . . . (13,145) 23,972 (5,554) (156,176) (83,963) (6,170)Percentage of GDPPrivate consumption . . . . . . . . . . . 61.7 61.7 66.1 67.4 67.4 65.4Government consumption . . . . . . . 6.5 6.7 7.1 8.0 8.4 8.2Gross domestic capital formation . . 22.2 22.0 20.9 25.3 23.2 22.2Exports of goods & services. . . . . . 41.0 38.2 32.0 30.1 32.1 33.5Imports goods & services. . . . . . . . 30.5 30.1 25.8 22.7 27.4 29.2Source: Asian Development Bank, Key Indicators, 20061.7.5 Per capita income growthDuring the oil boom in the 1970s, Indonesia’s GDP per capita increased from US$80 in 1970 to US$520 in1980, representing an increase of more than 500%. However, growth fell sharply throughout the 1980s to21%, improving to 25% in the following decade. The 1997 financial crisis had significantly reducedIndonesia’s purchasing power. However, the economic recovery in 2002, Indonesia’s purchasing powerreturned to pre-crisis levels. According to data from Central Statistics Bureau, per capita gross nationalincome (GNI) grew by an average of 16% per annum in Rupiah terms across 2001-2006.F-14