#Economic Growth Trend

Indonesia's Q1 Economy Grows 5.61%, Fueled by Holiday Bonus and MBG

Indonesia's economy grew 5.61% in Q1 2026, driven by government spending, holiday bonuses, the Free Meals Program, and investment.

Jul 20, 2026

Indonesia’s Economic Growth Slows to 5.04% in Q3 2025

BPS recorded that Indonesia’s economy grew by 5.04% in the third quarter of 2025, supported by household consumption and service sectors such as education and trade. The growth rate slightly slowed from the previous quarter but still indicates economic stability amid global challenges.

Nov 6, 2025

Early 2025 Tax Ratio Drops to 8.42%, Making 11% Target Harder to Reach

Indonesia’s tax ratio dropped to 8.42% in early 2025, down from 9.49% the previous year. This decline makes it increasingly difficult for the government to reach its ambitious 11% tax ratio target, despite continued economic growth.

Aug 15, 2025

Diverging 2026 Economic Growth Projections: Finance Ministry, Bank Indonesia, and Bappenas Offer Varying Forecasts

Three state institutions have projected different figures for Indonesia’s 2026 economic growth. The Ministry of Finance, Bank Indonesia, and Bappenas each have their approaches and targets.

Jul 4, 2025

Slowing Down, 2024 Economic Growth at 5.03%

Statistics Indonesia (BPS) that Indonesia's economy grew by only 5.03% in 2024, slowing down from 5.05% in 2023.

Feb 7, 2025

Indonesia's Economic Growth Slows to 5.05% in Second Quarter

Indonesia's economic growth, as measured by the value of Gross Domestic Product (GDP), in the second quarter of 2024 on an annual basis slowed down to only 5.05%. As for the first quarter of 2024, Indonesia's economic growth was recorded at 5.11% year on year. 

Aug 5, 2024

Fueled by Election, Indonesia's Economy in the First Quarter Grows 5.11%

Statistics Indonesia (BPS) recorded Indonesia's economic growth in the first quarter of 2024 on a year on year basis as measured by the value of the Gross Domestic Product (GDP) of 5.11%. This growth was higher than the fourth quarter of 2023 which only amounted to 5.04%.

May 8, 2024

Consumption Weakens, Indonesia's Economic Growth in the Third Quarter Only Reached 4.94%

Indonesia's economic conditions began to slow down. Statistics Indonesia (BPS) noted that Indonesia's economic growth in the third quarter of 2023 was only 4.94% on an annual basis or Year-on-year (YoY), lower than the growth in the previous quarter which reached 5.17%.

Nov 6, 2023

OECD Cuts 2024 Global Growth Outlook, Inflation Remains a Concern

Based on the outlook released in September 2023, global economic growth in 2024 is estimated at only 2.7% or 0.2% lower than the outlook issued in June 2023.

Sep 20, 2023

IMF Raises Indonesia's 2023 Economic Growth Projection to 5%

The International Monetary Fund (IMF) raised the outlook for Indonesia's economic growth in 2023 to 5% and 5.1% in 2024. 

Apr 14, 2023

Indonesia's Economy Grows by 3.69% In 2021, Fiscal Stimulus Gives Contribution

Feb 7, 2022

Lowest in Two Decades, The Economic Growth of First Quarter is Only 2.97%

According to BPS the slowdown that occurred this time was quite deep, it was due to the decline in Indonesian exports as a result of the outbreak of the 2019 Corona Virus Disease (Covid-19) pandemic. In particular, Indonesia's exports to China which accounted for 15%, in the first quarter of 2020 contracted by 6.8%.

May 5, 2020