Economy of indonesia.
Indonesia’s economy is expected to grow by 5.
Economy of indonesia. 3 days ago · Jakarta, August 5 — Statistics Indonesia (BPS) today released the official Gross Domestic Product (GDP) figures for the second quarter of 2025. Key areas of focus include infrastructure, renewable energy and economic self-sufficiency. Oct 30, 2023 · Indonesia’s economy has shown resilience in the early part of 2023 following a 5. Monetary easing by the central bank is expected to be constrained by pressures on the rupiah, while real interest rates - already Jan 28, 2025 · Jakarta, Indonesia Sentinel — Indonesia has secured its position as the world eighth-largest economy, according to the latest 2024 data from the International Monetary Fund (IMF). 0 percent year-on-year (y/y). 2% economic growth in 2024, potentially driven by consumption and investment, as highlighted in PwC Indonesia's latest Economic Update. During his 10 years as head of this G20 country, President Joko Widodo, better known as President Jokowi, has overseen significant socio-economic developments, implementing broad-based infrastructure upgrades and regulatory overhauls, strengthening the workforce, generating higher inflows of private and foreign Mar 30, 2025 · Indonesia's new government is moving ahead with an economic reform programme designed to lift the country from the doledrums, while taking care of citizens needs in tough economic times. Inflation fell to a record low of 1. 03 per cent in 2024, slightly down from 5. 9 percent over the medium term (2023-25), the World Bank said in a report released today. GDP based on PPP accounts for price level differences across countries, offering a more accurate measure of economic size and Jul 18, 2024 · Indonesia’s economy has expanded tenfold in the past two decades and is poised to reach a GDP of nearly $1. As an upper-middle income country and member of the G20, Indonesia is classified as a newly industrialized country. Access the latest politics analysis and economic growth summary through 2011 for Indonesia from The Economist Intelligence Unit The economic context of Indonesia Economic Indicators Indonesia is seen as a future economic giant. In 2024, Indonesia's nominal GDP is estimated at $1. Global growth is projected to be 3. This ranking, reported by the International Monetary Fund (IMF), highlights Indonesia’s ability to outperform two advanced economies, France and the United Kingdom. The country’s exports continue to perform admirably, contrary to the regional trend, and manufacturing PMI has seen an upward movement in March due to increased demand and higher production levels. 12 percent year-on-year economy growth in Q2 2025, but Celios economist questioned the data, citing several anomalies. S. Being a dynamic and diverse country, its economic system is shaped by the unique interplay of the market-oriented policy and selective governmental intervention. 6% this year. Access economy facts, statistics, project information, development research from World Bank experts, and breaking news. Indonesia, is a country located at South-Eastern Asia, it has an area of 1,916,907 Km2 and it may be considered a large country. See 2025 estimates Explore Indonesia's thriving economy, ranked 16th globally with a GDP of over $1. Fiscal and external positions remained stable, with a controlled deficit and robust reserves, but structural labour Indonesia’s economy has rebounded from the COVID-19 recession and inflation has declined considerably, but exposure to global uncertainty remains high. It has been imbued with an historical context combined with rich natural resources and the shifting paradigm of world trade. 0 percent (y/y) due to a number of Jan 7, 2025 · Discover how Indonesia is projected to rank among the world's largest economies by 2050, showcasing its rapid growth and global influence. Last month, we noted that 2 days ago · Indonesia’s economy is growing at its fastest pace in two years. 02 percent and economic performance that recorded growth of 4. [33] Indonesia nominal GDP reached 20. Source: World Population Prospects: 2022 Revision, United Nations (UN); Census reports and other statistical publications, National statistical offices; Demographic Statistics, Eurostat (ESTAT); Population and Vital Statistics Reprot (various years), United Nations (UN); International Database, United States Census Bureau; Statistics and Demography Indonesia, with the world’s fourth-largest population and the 16th-largest economy, has seen considerable progress under President Joko Widodo, better known as President Jokowi, who has led the nation for a decade. 0% in the July-September quarter from a year earlier, nearly matching the Q2, 2024 growth rate, as robust consumption offset weak exports, according to a Reuters Indonesia’s GDP growth has rebounded from the COVID-19 recession and inflation has come down significantly, but exposure to global uncertainty remains high. We hope that this report brings significant value to readers, and serves as a guide to those interested in Indonesia’s economy. 03% despite global headwinds, with household consumption remaining the primary growth driver. 05% in the same period last year. Feb 5, 2025 · Indonesia is attracting foreign investors with its growing middle class, young demographics, and abundant resources. But, indeed, we had already detected a (general) weakening in internal and external conditions, which was reflected in the macroeconomic data Jan 6, 2024 · At the annual meeting of Indonesia’s central bank (Bank Indonesia) at the very end of November 2023, Bank Indonesia Governor Perry Warjiyo said the central bank is optimistic about accelerating economic growth in the next two years (2024 – 2025). Apr 30, 2025 · For Indonesia to meet an ambition of becoming a high-income economy by 2045, it would need to create the right conditions for productivity growth and enable larger companies to thrive. Monetary policy must remain prudent, forward looking and data-dependent. 92 percent (c-to-c). See full list on britannica. His administration has driven substantial socio-economic advancement through extensive infrastructure improvements, regulatory reforms and a focus on enhancing the workforce The PwC Indonesia Economic Update is a quarterly publication, focusing on Indonesia’s recent economic developments. Substantial increases in barriers to trade and heightened policy uncertainty will have marked adverse effects on growth prospects if they persist. Indonesia - Southeast Asia's largest economy - contains a number of characteristics that put the country in a great position for newly advanced economic development. Nevertheless, given the limited share of links to the global economy, Indonesia is unlikely to experience a contraction in 2023. 6%, as economic pressures contributed to deflation in mid-year months. Its growth rate has been around 5% for most of the past 3 days ago · JAKARTA -- Indonesia's economy grew 5. South-East Asia’s biggest economy, Indonesia, is doing it with ease. Last month, we came to the conclusion that –overall– conditions seemed a bit weakening (with most macroeconomic indicators revealing some softness), thus suggesting that economic growth is (further) slowing in Indonesia. The GDP value of Indonesia represents 1. Not all consumers are buying it. 32 percent of the world economy. 3 days ago · BPS reported 5. IMF recently released the latest Feb 5, 2025 · During 2024 the group of provinces in Jawa Island highlighted the structure and performance of Indonesia’s economy spatially with a contribution of 57. The snapshot offers a concise summary of Indonesia's economic trends and prospects, drawing from the OECD Economic Survey, Economic Outlook, and Economic Policy Reform: Going for Growth reports, delivering in-depth analyses of economic trends, suggested policy recommendations, alongside an overview of structural policy developments. It's capital is Jakarta and its currency is Indonesian rupiahIndonesia is holding the 16 position by nominal Feb 11, 2025 · GDP growth remained robust in 2024 and the outlook for 2025 is favourable. 9% over 2024-2026 from 5 The Report: Indonesia 2024 Indonesia, a South-east Asian archipelago, is on a path to significant economic growth, aiming for 8% annual expansion and targeting a top-five global economy by 2045. Amidst persistent global uncertainties and evolving geopolitical dynamics, the Indonesian economy has demonstrated resilience, continuing to post solid growth. Achieving inclusive growth will Economy of Indonesia Indonesia is a country that contains great economic potential; a potential that has not gone unnoticed to part of the global community. For 2024, Bank Indonesia has set its outlook for Feb 11, 2024 · Over the past decade, Joko Widodo has reinvented Indonesia’s economy to make it one of the world’s most attractive investment markets, thanks in no small part to a boom in demand for green Sub-national Income Convergence Gap and Catch-up Ratio (mean log deviation of income per capita; LHS: average income gap; RHS: average GDP/capita to Java-Bali). Browse a full set of economic indicators, selected by Global Finance editors, including real GDP growth rate, with latest forecasts and historical data, GDP per capita, GDP composition by sector, inflation and unemployment rates, public debt statistics and more. 08/06/2025 Jan 28, 2025 · Indonesia has achieved an impressive milestone in 2024 by securing the 8th position among the world’s largest economies based on Gross Domestic Product (GDP) adjusted for Purchasing Power Parity (PPP). A newly industrialised country, Indonesia's economy ranks as the world's 17th-largest by nominal GDP and the 7th-largest by PPP. 12% in the April to June period from a year earlier, buoyed by surges in exports and government spending, the country's statistics agency said Tuesday. Food, mechanical and electrical engineering industries, infrastructure, water, public transportation, and renewable energy present compelling opportunities for Swiss companies in Indonesia May 11, 2025 · The economic growth rate of Indonesia in the first quarter of 2025 (Q1-2025) came in slightly below our projection of 4. 66 trillion based on Purchasing Power Parity (PPP), Indonesia has surpassed major global players such as France and the United Kingdom. This page provides - Indonesia GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. We would like to show you a description here but the site won’t allow us. Globally, China continues The current and projected economic growth in Indonesia, compared with other developing countries in Southeast Asia. This figure reflects a continued national economic recovery despite various domestic and global pressures. Indonesia’s GDP grew by 5. We estimate Indonesia is the 6th largest economy in the world. 0% in 2023 as domestic demand takes over from commodity exports as the driver of growth, according to the ADO September 2023. The report presents mixed sentiments in both the global and Indonesian economies. Economy Indonesia, the largest economy in Southeast Asia, has seen a slowdown in growth since 2012, mostly due to the end of the commodities export boom. 66 trillion based on purchasing power parity (PPP), Indonesia even surpassed advanced economies such as France and the United Kingdom. 87% in the January-March period, the slowest quarterly expansion in three and a half years, as concerns of U. 2% this year and 3. Discover its diverse sectors: agriculture, manufacturing, and booming tourism attracting 16M visitors! Indonesia’s economy is expected to grow at a steady pace in the coming years, driven by a pickup in public spending, rising business investment and steady consumer demand, the World Bank said today in a new report. Nov 17, 2022 · The economy is one reason. 5 trillion by the end of 2024. Indonesia World Economy Ranking: 61 stats Economic indicators provided by The World Bank. Apr 24, 2025 · Indonesia's economic growth this year will likely stay around 5% despite trade tensions, its finance minister said on Thursday, stressing a government delegation was still negotiating terms with Jun 9, 2025 · In another article in this May 2025 edition, we discussed Indonesia’s Q1-2025 gross domestic product (GDP) data in detail. Inflation has continued to fall, supporting real incomes, but consumer confidence is yet to recover to pre-pandemic levels in many countries. The economy of Indonesia is a mixed economy with dirigiste characteristics, [32][33] and it is one of the emerging market economies in the world and the largest in Southeast Asia. com Jun 23, 2025 · The report projects that Indonesia’s economy will grow at an average annual rate of 4. The nation's identity is unified under the motto Bhinneka Tunggal Ika, defined by a national language, cultural and religious pluralism, a history of colonialism, and rebellion against it. Efforts are needed to strengthen the quality of Indonesia's infrastructure and logistics, its business environment and lay the ground for an infrastructure base capable of supporting stronger economic activity. Dec 15, 2022 · Indonesia is projected to experience strong growth of 5. Jun 23, 2025 · The manufacturing sector accounted for over 18 percent of Indonesia's GDP in 2022, making it the largest contributor to the country's economy. Human development data from the United Nations Office of Drugs and Crime. 79 percent compared to the previous quarter (q-to-q). 2 percent in 2022 thanks to the post-COVID-19 reopening of the economy and commodity price rises, with growth expected to be maintained on average at 4. Sep 21, 2023 · The 2023 Indonesian Economic Report provides an overview of Indonesia’s economic performance in 2022 and its recent development untill the second quarter of 2023, which is represented by a number of selected macro indicators such as country revenue and expenditure, economic growth, monetary and banking, inflation rate, foreign trade, investment, tourism, and employment. During the global financial crisis, Indonesia outperformed its regional neighbors and joined China and India as the only G20 members posting growth. A handy snapshot of Indonesia's economic and labour indicators, key industries, trade volume, top trading partners, tax profile and government incentives. 12% year-on-year, rising from 5. 12 percent year-on-year (yoy) in Q2-2025, an improvement from Indonesia’s economy in the second quarter of 2024 grew by 3. 8 percent over 2025–27. 05 per cent in the previous year, based on data from the country’s statistics agency that was released on Wednesday (Feb 5). Indonesia has the world’s fourth-largest population and 16th-largest economy. Rohatta, owner of a fried rice restaurant on the outskirts of the capital, Jakarta, says his Feb 5, 2025 · [JAKARTA] Indonesia’s economy grew by 5. This growth positions Indonesia as a rapidly ascending economic force in Asia, overshadowing traditional powerhouses like Singapore, South Korea, and Japan. Feb 5, 2025 · Indonesia’s economy expanded at a steady 5% pace in 2024 as consumption remained tepid, underlining the challenges ahead for President Prabowo Subianto who wants to super-charge growth to 8% Access the latest politics analysis and economic growth summary through 2011 for Indonesia from The Economist Intelligence Unit Jan 29, 2025 · In 2024, Indonesia cemented its position as a global economic powerhouse, ranking as the 8th largest economy in the world as per GDP based on Purchasing Power Parity (PPP), according to the International Monetary Fund’s (IMF) World Economic Outlook (WEO) Database. Freedom indexes by The Heritage and Cato Institute. The newly-admitted member of the BRICS bloc of developing economies presents companies with a stable alternative to China, low tariffs to the 677 million people of the Association of Feb 1, 2025 · In a surprising turn, the International Monetary Fund (IMF) has confirmed that Indonesia ranks as the world's eighth-largest economy. Aug 7, 2024 · This Selected Issues paper explores structural reforms to achieve high-income status in Indonesia. Nov 1, 2024 · Indonesia's economy likely grew 5. Just prior to the release of Indonesia’s gross domestic product (GDP) data on 5 February 2025 (by Badan Pusat Statistik, BPS), we revised our outlook for Indonesia’s Q4-2024 economic growth from 5. Indonesia, with a population of 278,696,000 people, it is one of the most populous country in thw world and has a population density of 145 people per km2. High Levels of Corruption Indonesia is rated C on the Governance Index. Economic Indicators for Indonesia including actual values, historical data, and latest data updates for the Indonesia economy. Executive Summary Indonesia’s economy showed resilience in 2024, growing by 5. Growth could be even weaker if there Economic and political overview Economic Overview Indonesia is seen as a future economic giant. Jun 23, 2025 · The report projects that Indonesia’s economy will grow at an average annual rate of 4. Reforms across banking, the digital economy, tourism and industry are poised to drive progress and further Feb 13, 2025 · Indonesia’s economic growth in the fourth quarter of 2024 was slightly better than we had anticipated. The Indonesian economy faces the implications of global economic uncertainties and challenges through trade and financial channels. It is the largest economy in Southeast Asia and the world's seventh by purchasing power parity (IMF). This estimate for Indonesia GDP takes into account values based on PPP, the countries base year age and size of it's informal economy. Headline inflation is expected to average 3. Jun 18, 2025 · The gross domestic product (GDP) in current prices in Indonesia amounted to about 1. Nov 20, 2024 · Asia’s biggest economy, China, moves mountains to attain 5% growth. Consumer spending is expected to remain strong, but investment is expected to slow. 3% in 2025 and 2026, with inflation easing further. Mar 19, 2025 · Indonesia 's economy is a mixed economy with dirigiste characteristics, making it one of the emerging market economies and the largest in Southeast Asia. MFAT's latest May 5, 2025 · Indonesia's economy grew at its weakest pace in more than three years in the first quarter, with headwinds expected in the rest of the year stemming from global trade turmoil and declining Dec 13, 2023 · JAKARTA, December 13, 2023 – Indonesia’s economic growth remains resilient, with inflation on a declining trend, and a stable currency, the World Bank said in its semi-annual Indonesia Economic Prospects report. Nonetheless, the Explore Indonesia economic data on Data360. 03% in 2024, roughly similar to the previous year's rate and in line with expectations, but the pace was the slowest in three years, official data showed on Wednesday The global outlook is becoming increasingly challenging. Investment is expected to pick up, driven by the government’s housing initiative and the launch of the new sovereign wealth fund, Danantara. The global economy remains resilient, despite differences in the strength of activity and incomes across countries and sectors. The PwC Indonesia Economic Update is a quarterly publication, focusing on Indonesia’s recent economic developments. In this edition, we cover updates on Q3 and Q4 2023. May 5, 2025 · JAKARTA – Indonesia’s economy grew at its slowest pace in more than three years amid tepid household consumption, and a sharp drop in government spending and investment, putting President May 5, 2025 · JAKARTA -- Indonesia's economy grew 4. Jul 4, 2025 · As usual, we are going to take a close look at the latest available macroeconomic data of Indonesia to assess the current state of the Indonesian economy. Find the latest trade statistics and economic complexity data for Indonesia. May 5, 2025 · Indonesia’s year-on-year (yoy) economic growth of 4. 371 trillion) in 2023, it is the Jan 29, 2025 · Indonesia recorded an impressive economic achievement in 2024, ranking as the world's eighth-largest economy, according to data from the International Monetary Fund (IMF). 3 days ago · Statistics Indonesia (BPS) recorded Indonesia’s economic growth in the second quarter of 2025 at 5. With a gross domestic product (GDP) of USD 4. Indonesia is the sixth-biggest emerging market by gdp, and in the past decade has grown faster than any other $1trn-plus economy bar China and India. Indonesia’s economic prospects have been solid despite external headwinds, supported by a large-scale infrastructure investment program and the continuation of structural reforms. To maintain high levels of growth, Indonesia needs to further improve the environment for productivity growth, reap further gains from digitalisation and continue advancing towards net-zero emissions, according to a new OECD report. Indonesia aims to achieve high-income status by 2045. 30 billion US dollars in 2024, according to official data from the World Bank. 47 trillion, making it the 16th largest economy globally and the 7th largest by Purchasing Power Parity (PPP). 3 trillion. So, the focus of the article you’re reading right now will be on the latest economic data of Indonesia (that cover the second quarter of the year). 3% GDP growth in 2022. The Gross Domestic Product (GDP) in Indonesia was worth 1396. This success not only reaffirms Indonesia Get the latest World Bank data, research, and development indicators for Indonesia. This Oct 4, 2024 · The economy of Indonesia is a mixed economy with dirigiste characteristics, [31][32] and it is one of the emerging market economies in the world and the largest in Southeast Asia. 892 quadrillion rupiah ($1. The economy of Indonesia is a mixed economy with dirigiste characteristics, [32][33] and it is one of the emerging market economies in the world and the largest in Southeast Asia. 0 percent year-on-year (y/y) to the range of 4. 43 percent. This is calculated using Purchasing Power Parity data, with added estimates to allow for the very out-of-date base year (2010) used to compile GDP, plus estimates for the informal economy. From the production side, the highest growth was recorded in the Agriculture, Forestry, and Fisheries sector, which expanded by 23. The Jun 14, 2024 · Indonesia is targeting 5. 3 days ago · By Ying Xian Wong Indonesia's economic growth accelerated in the second quarter, beating expectations, supported by strong activity in Southeast Asia's largest economy. GDP growth is projected to ease slightly to an average of 4. Oct 24, 2024 · Indonesia, the largest economy of Southeast Asia, has gone through drastic changes in the last decades. 9–5. Financial and trade information, plus best banks and safest banks rankings are also included. 87 percent in the first quarter of 2025 reflects the country's economic resilience despite a Find the most relevant statistics and facts about Indonesia. 9 – 5. With a Gross Domestic Product (GDP) of $4. 40 trillion U. With a large share of manufacturing and services to Indonesia’s economic growth, Switzerland has identified priority sectors and opportunities that are aligned with Swiss economic interests in the country. Jul 31, 2025 · Although Indonesia has remained a major importer of manufactured goods, high technology, and technical skills since the early 1970s, the country’s economic base has shifted from the primary sector to secondary and tertiary industries—manufacturing, trade, and services. Indonesia’s economy is expected to grow by 5. Indonesia's GDP is estimated to be $6,220,252,882,336 by the end of 2024 by World Economics. On the assumption that tariff rates as of mid-May are sustained, global GDP growth is projected to slow notably this year and to remain subdued in 2026. 1 Other economies have trodden this path to high-income status from comparable levels of per capita GDP as Indonesia today. 12 percent year-on-year (yoy) in Q2-2025, an improvement from Feb 5, 2025 · Indonesia's economy grew 5. bgagacbopjvbqaqdgmmayhianggiipwxnancxtzazzqbloiupspkmmxtlwrxkrxp