Markets Actual Q1 Q2 Q3 Q4 2022
Currency 14290.00 14337 14384 14431 14480 14577
Stock Market (points) 6258.75 6158 6039 5922 5808 5580
Government Bond 10Y (%) 6.63 6.68 6.73 6.79 6.84 6.96

Overview Actual Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) -0.42 1 3.5 1.5 2.5 1.5
GDP Annual Growth Rate (%) -2.07 2.5 6.5 6 5 5.5
Unemployment Rate (%) 7.07 8.5 7.5 6.5 6.5 6.5
Inflation Rate (%) 1.38 1.4 1.5 1.8 2.3 3
Inflation Rate Mom (%) 0.10 0.3 0.8 0.5 0.5 0.5
Interest Rate (%) 3.50 3.5 3.5 3.5 3.5 4
Balance of Trade (USD Million) 1958.50 2100 -1200 -100 300 300
Current Account (USD Million) 795.00 -5000 -7500 -6900 -8000 -8000
Current Account to GDP (%) -2.70 -2.8 -2.8 -2.8 -2.8 -2.7
Government Debt to GDP (%) 30.50 40 40 40 40 42
Government Budget (% of GDP) -2.20 -5.7 -5.7 -5.7 -5.7 -4
Business Confidence (points) 102.90 103 108 105 105 105
Manufacturing PMI (points) 50.90 52 55 53 51 51
Consumer Confidence (points) 84.90 95 98 100 100 112
Retail Sales MoM (%) 4.80 4 4 3.5 5 3.5
Corporate Tax Rate (%) 22.00 25 22 22 25 25
Personal Income Tax Rate (%) 30.00 30 30 30 30 30

GDP Actual Q1 Q2 Q3 Q4 2022
GDP Growth Rate (%) -0.42 1 3.5 1.5 2.5 1.5
GDP Annual Growth Rate (%) -2.07 2.5 6.5 6 5 5.5
GDP (USD Billion) 1119.19 1150 1150 1150 1150 1270
GDP Constant Prices (IDR Billion) 2708997.10 2800378 2770594 2757988 3075257 2940397
Gross Fixed Capital Formation (IDR Billion) 894086.10 961860 898224 842632 1065498 1009953
GDP per capita (USD) 4450.70 4450 4450 4450 4450 4700
GDP per capita PPP (USD) 11812.20 10840 10840 10840 10840 11750
GDP From Agriculture (IDR Billion) 50413.10 46159 73647 103127 53808 48467
GDP From Construction (IDR Billion) 277292.80 297191 280465 269934 323820 312050
GDP From Manufacturing (IDR Billion) 555528.10 579776 580921 564438 644722 608765
GDP From Mining (IDR Billion) 199834.40 204488 205804 205823 233511 214713
GDP From Services (IDR Billion) 49817.40 54168 53664 47892 56512 56876
GDP From Utilities (IDR Billion) 38400.50 40535 39040 37967 44146 42562

Labour Actual Q1 Q2 Q3 Q4 2022
Unemployment Rate (%) 7.07 8.5 7.5 6.5 6.5 6.5
Employed Persons 128454184.00 132165517 132165517 132165517 132165517 134434782
Unemployed Persons 9767754.00 7049693 7049693 7049693 7049693 6975287
Labor Force Participation Rate (%) 67.77 68 68 68 68 69
Wages in Manufacturing (IDR/Month) 2635445.63 3100000 3100000 3100000 3100000 3100000
Minimum Wages (IDR Million/Month) 4.42 4.4 4.4 4.4 4.4 4.6
Population (Million) 270.20 273 273 272 273 275
Retirement Age Women 57.00 58 58 58 58 58
Retirement Age Men 57.00 58 58 58 58 58

Prices Actual Q1 Q2 Q3 Q4 2022
Inflation Rate (%) 1.38 1.4 1.5 1.8 2.3 3
Inflation Rate Mom (%) 0.10 0.3 0.8 0.5 0.5 0.5
Consumer Price Index CPI (points) 106.06 106 107 107 108 111
Core Consumer Prices (points) 106.22 106 107 107 108 110
Core Inflation Rate (%) 1.53 1.5 1.7 1.5 1.5 2
Producer Prices (points) 105.40 185 104 106 194 194
Food Inflation (%) 1.92 4.5 3.5 3.7 3.5 3.5
Producer Prices Change (%) 1.82 3 3.5 2.5 2.5 5
CPI Housing Utilities (points) 102.91 104 104 105 105 108
CPI Transportation (points) 103.01 104 105 104 105 109

Money Actual Q1 Q2 Q3 Q4 2022
Interest Rate (%) 3.50 3.5 3.5 3.5 3.5 4
Interbank Rate (%) 3.77 4.04 4.04 4.04 4.04 4.54
Money Supply M2 (IDR Billion) 6761000.00 6713228 6736481 6753165 7060815 7524264
Foreign Exchange Reserves (USD Million) 138787.35 139000 141297 143680 146064 155597
Loans to Private Sector (IDR Billion) 4766229.00 5111756 5147053 5135453 5062821 5341276
Deposit Interest Rate (%) 2.75 2.75 2.75 2.75 2.75 3.25
Lending Rate (%) 4.25 4.25 4.25 4.25 4.25 4.75
Loan Growth (%) -1.90 2.5 11 7.5 11 11
Cash Reserve Ratio (%) 3.00 3 3 3 4 5

Trade Actual Q1 Q2 Q3 Q4 2022
Balance of Trade (USD Million) 1958.50 2100 -1200 -100 300 300
Current Account (USD Million) 795.00 -5000 -7500 -6900 -8000 -8000
Current Account to GDP (%) -2.70 -2.8 -2.8 -2.8 -2.8 -2.7
Imports (USD Million) 13342.20 15700 15600 15300 15500 16500
Exports (USD Million) 15300.70 14500 15500 14700 16700 16700
External Debt (USD Million) 417527.80 434833 440634 453620 446435 469640
Foreign Direct Investment (IDR Trillion) 111.10 150 120 100 100 100
Remittances (USD Million) 2257.00 2900 3190 2950 3353 3670
Tourist Arrivals 141264.00 400000 900000 900000 1000000 1200000
Gold Reserves (Tonnes) 78.57 80 80 80 81 81
Crude Oil Production (BBL/D/1K) 703.48 950 950 950 950 1000
Weapons Sales (USD Million) 8.00 15 15 15 35 75

Government Actual Q1 Q2 Q3 Q4 2022
Government Debt to GDP (%) 30.50 40 40 40 40 42
Government Budget (% of GDP) -2.20 -5.7 -5.7 -5.7 -5.7 -4
Government Budget Value (IDR Billion) -348653.70 -350000 -350000 -350000 -350000 -310000
Government Spending (IDR Billion) 289963.74 287862 163402 207684 330268 302255
Government Revenues (IDR Billion) 1960633.60 1530000 1530000 1530000 1530000 1530000
Fiscal Expenditure (IDR Billion) 2309287.30 2530000 2530000 2530000 2530000 2530000
Military Expenditure (USD Million) 7661.00 7980 7980 7980 7980 7980

Taxes Actual Q1 Q2 Q3 Q4 2022
Corporate Tax Rate (%) 22.00 25 22 22 25 25
Personal Income Tax Rate (%) 30.00 30 30 30 30 30
Sales Tax Rate (%) 10.00 10 10 10 10 10
Social Security Rate (%) 7.74 7.74 7.74 7.74 7.74 7.74
Social Security Rate For Companies (%) 5.74 5.74 5.74 5.74 5.74 5.74
Social Security Rate For Employees (%) 2.00 2 2 2 2 2

Business Actual Q1 Q2 Q3 Q4 2022
Business Confidence (points) 102.90 103 108 105 105 105
Manufacturing PMI (points) 50.90 52 55 53 51 51
Industrial Production (%) 2.00 3.5 19 5.5 6.6 6.6
Industrial Production Mom (%) -3.60 2 2 1.5 1.5 1.8
Capacity Utilization (%) 71.96 75 79 73 79 79
Car Registrations 52910.00 73000 75000 76000 79000 81000

Consumer Actual Q1 Q2 Q3 Q4 2022
Consumer Confidence (points) 84.90 95 98 100 100 112
Retail Sales MoM (%) 4.80 4 4 3.5 5 3.5
Retail Sales YoY (%) -19.20 6.5 13.5 5.5 5.1 5.1
Consumer Spending (IDR Billion) 1458766.50 1530094 1520413 1476652 1680230 1606599
Consumer Credit (IDR Billion) 2545948.00 2537173 2623843 2666684 2757417 2664032
Gasoline Prices (USD/Liter) 0.54 0.51 0.49 0.46 0.44 0.42
Households Debt To GDP (% of GDP) 17.50 19 19 19 19 18

Housing Actual Q1 Q2 Q3 Q4 2022
Housing Index (points) 213.99 216 216 217 218 218


This page has economic forecasts for Indonesia including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Indonesia economy.