#GDP Growth

OECD: Indonesia's Tax Ratio Remains Third Lowest in Asia-Pacific

OECD says Indonesia's tax-to-GDP ratio was 11.8% in 2024, the third lowest in Asia-Pacific and below the regional average.

Jul 13, 2026

Indonesia’s Economic Growth Slows in First Quarter of 2025

Indonesia's economic growth slowed to 4.87% in the first quarter of 2025, lower than the previous year. The slowdown occurred in nearly all GDP components amid global uncertainty

May 6, 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

Declining Purchasing Power, Slower Economic Growth in Q3 2024

 Statistics Indonesia (BPS) reported that Indonesia's economic growth in the third quarter of 2024, as measured by gross domestic product (GDP), slowed down to only 4.91%

Nov 6, 2024

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

BPS Records Indonesia's Economic Growth in 2023 at 5.05%

Statistics Indonesia (BPS) recorded Indonesia's economic growth based on Gross Domestic Product (GDP) cumulatively, at 5.05% on an annual basis or year on year. This growth rate is lower or indicates a slowdown from the 2022 growth rate of 5.31%.

Feb 8, 2024

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

The Highest During the Jokowi Period, Indonesia's Economy in 2022 Grows 5.31%

This was confirmed after Statistics Indonesia (BPS) announced Indonesia's economic growth rate as measured by the value of the Gross Domestic Product (GDP) in 2022 of 5.31%.

Feb 8, 2023

Indonesia's Economy Grows 5.44% in Q2

Aug 5, 2022

Growing by 7.07%, The Economy in the Second Quarter of 2021 is Still a Long Way to Normal

Although it grew positively and brought Indonesia out of the recession, this condition did not reflect the actual situation. The economic growth that reaches above 7% can happen, because the comparison is the second quarter of 2020, where during that period the correction was very deep, it was minus 5.32%.

Aug 6, 2021

Economic Growth in 2020 to Plunge by -2.07%

Consequently, Indonesia is currently still unable to get out of the recession zone. Despite the trend, economic growth in the fourth quarter was better than the third and second quarters of 2020.

Feb 5, 2021

Indonesia Hardly Escapes Recession

The signs of a recession began to be seen since the first quarter, not the second quarter. By then, national GDP growth had begun to slow down, from the prediction of being over 5%, while the realization was only 2.7%. The condition then got worse in the second quarter due to the impact of the Corona Virus Disease 2019 (Covid-19) pandemic.

Sep 28, 2020

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