But in a positive sign, data on Monday showed that Indonesia posted its third straight monthly trade surplus in December and its biggest in two years, boding well for some narrowing of the current account deficit.
Still, some analysts see continued pressure on the current account this year due to a ban on unprocessed mineral ore exports and as demand for fuel surges, with recent data showing persistently strong demand for cars and motorbikes.
(Read more: Indonesia gets ready for Fed tapering)
Compared with the prior quarter, GDP fell 1.42 percent in October-December, versus economists' expectations of a 1.67 contraction and against a 1.5 percent drop in the fourth quarter of 2012. Indonesia's fourth-quarter GDP typically falls on a quarter-on-quarter basis as consumption slows following a spike in demand for religious festivities and the new academic year.
For 2013, gross domestic product rose 5.78 percent, marking the slowest full-year growth since 2009, as the end of a commodities boom hit exports. The result was in line with the median forecast of 5.70 percent growth in a Reuters poll of economists.