Journal Press India^®

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This study examines the Impacts of macroeconomic variables such as exports, imports, inflation, exchange rates, interest rates, foreign direct investment, labour force and unemployment rate on Indonesia’s Gross Domestic Product (GDP) from 1991 to 2017. This study using secondary data, and multiple regression used to analyze information. The econometric model used consists of GDP as the dependent variable with its independent variables being exports, imports, inflation, exchange rates, interest rates, foreign direct investment, labour force and unemployment rate. Data on these variables is collected from the World Bank website. This study found that there was a significant effect of exports, exchange rates, inflation, labour and unemployment rates on GDP. Exports, inflation and labour have a positive impact on GDP. While the exchange rate and unemployment rate have a negative impact to GDP. Meanwhile, interest rates and direct foreign investment did not have a significant impact on GDP. Based on the results of the analysis it is suggested that the government carry out a strict monetary policy to maintain the exchange rate of the Rupiah against the US Dollar, so that GDP growth is well maintained. On the other hand the government must encourage exports and a well educated labour force, as well as carry out integrated programs to reduce the unemployment rate so that the GDP growth rate can be achieved as expected.

Keywords

Export; Import; Exchange Rate; Inflation; Interest; Direct Foreign Investment; Labour Force and Unemployment

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