Markets Actual Q1 Q2 Q3 Q4 2021
Currency 13955.00 13696 13743 13789 13837 13933
Stock Market (points) 5655.54 5884 5829 5774 5720 5610
Government Bond 10Y (%) 6.60 6.7 6.75 6.81 6.87 6.98

Overview Actual Q1 Q2 Q3 Q4 2021
GDP Growth Rate (%) -1.74 -0.6 3.6 2.8 -1.8 -1.3
GDP Annual Growth Rate (%) 4.97 5 5.1 5.2 5.3 5.2
Unemployment Rate (%) 5.28 5.1 5 5.1 4.9 5.3
Inflation Rate (%) 2.68 3.2 3.4 3.3 3.7 3.7
Inflation Rate Mom (%) 0.39 0.5 0.6 0.5 0.5 0.5
Interest Rate (%) 4.75 4.75 4.75 5 5 5
Balance of Trade (USD Million) -864.20 -800 700 300 300 300
Current Account (USD Million) -8122.00 -5500 -8500 -6000 -10000 -8000
Current Account to GDP (%) -3.00 -2.8 -2.8 -2.8 -2.8 -2.7
Government Debt to GDP (%) 29.80 32.2 32.2 32.2 32.2 33.5
Government Budget (% of GDP) -2.20 -1.8 -1.8 -1.8 -1.8 -1.8
Business Confidence (points) 104.82 106 106 105 108 108
Manufacturing PMI (points) 49.30 50 51.2 51.5 51.5 51.5
Consumer Confidence (points) 121.70 125 124 123 128 128
Retail Sales MoM (%) 8.50 3.2 3 -2.5 3.4 3.4
Corporate Tax Rate (%) 25.00 25 25 25 25 25
Personal Income Tax Rate (%) 30.00 30 30 30 30 30

GDP Actual Q1 Q2 Q3 Q4 2021
GDP Growth Rate (%) -1.74 -0.6 3.6 2.8 -1.8 -1.3
GDP Annual Growth Rate (%) 4.97 5 5.1 5.2 5.3 5.2
GDP (USD Billion) 1042.17 1150 1150 1150 1150 1210
GDP Constant Prices (IDR Billion) 2769908.70 2690785 2805041 2892178 2916714 3068383
Gross Fixed Capital Formation (IDR Billion) 951395.11 883182 887852 941409 1001819 1053914
GDP per capita (USD) 4284.70 4600 4600 4600 4600 4750
GDP per capita PPP (USD) 11605.90 12037 12037 12037 12037 12037
GDP From Agriculture (IDR Billion) 45657.20 82109 90908 80762 48077 50577
GDP From Construction (IDR Billion) 293957.40 272564 274738 287942 309537 325633
GDP From Manufacturing (IDR Billion) 573467.90 569170 579389 598101 603862 635263
GDP From Mining (IDR Billion) 202263.30 204887 203731 210728 212983 224058
GDP From Services (IDR Billion) 53578.40 50919 52460 53891 56418 59352
GDP From Utilities (IDR Billion) 40094.30 37428 37896 39412 42219 44415

Labour Actual Q1 Q2 Q3 Q4 2021
Unemployment Rate (%) 5.28 5.1 5 5.1 4.9 5.3
Employed Persons 129366192.00 129000000 129000000 129000000 129000000 129000000
Unemployed Persons 6816840.00 6610000 6610000 6610000 6610000 6610000
Labor Force Participation Rate (%) 69.32 69.1 69.1 69.1 69.1 69.1
Minimum Wages (IDR Million/Month) 3.94 4.1 4.1 4.1 4.1 4.4
Wages in Manufacturing (IDR/Month) 2703980.52 2850000 2850000 2850000 3100000 3100000
Population (Million) 264.20 270 270 270 270 273
Retirement Age Women 58.00 58 58 58 58 58
Retirement Age Men 58.00 58 58 58 58 58
Living Wage Family (IDR/Month) 2954800.00 3150000 3150000 3150000 3230000 3200000
Living Wage Individual (IDR/Month) 1456700.00 1820000 1820000 1820000 1890000 1890000
Wages Low Skilled (IDR/Month) 3427900.00 3270000 3270000 3270000 3330000 3330000
Wages High Skilled (IDR/Month) 5017000.00 5240000 5240000 5240000 5310000 5310000

Prices Actual Q1 Q2 Q3 Q4 2021
Inflation Rate (%) 2.68 3.2 3.4 3.3 3.7 3.7
Inflation Rate Mom (%) 0.39 0.5 0.6 0.5 0.5 0.5
Consumer Price Index CPI (points) 104.33 140 143 143 144 150
Core Consumer Prices (points) 104.47 132 133 134 135 140
Core Inflation Rate (%) 2.88 3.2 3.2 3.1 3.5 3.5
Producer Prices (points) 103.04 168 168 169 170 178
Food Inflation (%) 4.31 4.2 3.9 4.1 4 4
Producer Prices Change (%) 1.05 1.5 0.5 1.2 1.2 5
CPI Housing Utilities (points) 102.61 136 137 137 138 143
CPI Transportation (points) 102.97 151 152 138 139 144

Money Actual Q1 Q2 Q3 Q4 2021
Interest Rate (%) 4.75 4.75 4.75 5 5 5
Interbank Rate (%) 5.13 5.11 5.11 5.36 5.36 5.36
Money Supply M2 (IDR Billion) 6136500.00 6249779 6365641 6481504 6597366 7060815
Foreign Exchange Reserves (USD Million) 131703.80 129200 131100 134100 135100 147200
Loans to Private Sector (IDR Billion) 4928870.00 4768523 4888162 4964359 5116667 5382734
Deposit Interest Rate (%) 4.00 4 4 4 4 4
Lending Rate (%) 5.50 5.5 5.5 5.75 5.75 5.75
Loan Growth (%) 6.10 7.5 8 9.5 10 11
Cash Reserve Ratio (%) 5.50 5.5 5.5 5.5 5.5 5.5

Trade Actual Q1 Q2 Q3 Q4 2021
Balance of Trade (USD Million) -864.20 -800 700 300 300 300
Current Account (USD Million) -8122.00 -5500 -8500 -6000 -10000 -8000
Current Account to GDP (%) -3.00 -2.8 -2.8 -2.8 -2.8 -2.7
Imports (USD Million) 14275.20 13700 11200 13500 16700 17500
Exports (USD Million) 13411.00 14000 11900 13800 16500 17700
External Debt (USD Million) 404281.95 410000 410000 396855 420000 420000
Foreign Direct Investment (IDR Trillion) 105.30 110 100 105 98.8 98.8
Remittances (USD Million) 2898.41 2560 2500 2800 2610 2610
Tourist Arrivals 1377067.00 1000000 1250000 1300000 1380000 1480000
Gold Reserves (Tonnes) 78.54 80.6 80.6 80.6 80.6 80.6
Crude Oil Production (BBL/D/1K) 651.00 680 700 700 805 805
Weapons Sales (USD Million) 15.00 95 95 95 95 95

Government Actual Q1 Q2 Q3 Q4 2021
Government Debt to GDP (%) 29.80 32.2 32.2 32.2 32.2 33.5
Government Budget (% of GDP) -2.20 -1.8 -1.8 -1.8 -1.8 -1.8
Government Budget Value (IDR Billion) -259900.00 -410000 -410000 -410000 -410000 -410000
Government Spending (IDR Billion) 284729.74 157497 214793 213161 299820 315411
Government Revenues (IDR Billion) 1894700.00 1720000 1720000 1720000 1720000 1720000
Fiscal Expenditure (IDR Billion) 2202200.00 2130000 2130000 2130000 2130000 2130000
Military Expenditure (USD Million) 7661.00 7980 7980 7980 7980 7980

Taxes Actual Q1 Q2 Q3 Q4 2021
Corporate Tax Rate (%) 25.00 25 25 25 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 (%) 9.74 9.74 9.74 9.74 9.74 9.74
Social Security Rate For Companies (%) 5.74 5.74 5.74 5.74 5.74 5.74
Social Security Rate For Employees (%) 4.00 4 4 4 4 4

Business Actual Q1 Q2 Q3 Q4 2021
Business Confidence (points) 104.82 106 106 105 108 108
Manufacturing PMI (points) 49.30 50 51.2 51.5 51.5 51.5
Industrial Production (%) 3.00 4.5 5 5.5 6.6 6.6
Industrial Production Mom (%) -4.00 3.5 3 2.5 1.8 1.8
Capacity Utilization (%) 74.41 79 78 78 79.8 79.8
Car Registrations 93652.00 92000 55000 90000 89000 91000

Consumer Actual Q1 Q2 Q3 Q4 2021
Consumer Confidence (points) 121.70 125 124 123 128 128
Retail Sales MoM (%) 8.50 3.2 3 -2.5 3.4 3.4
Retail Sales YoY (%) -0.50 4 6 5 5.1 5.1
Consumer Spending (IDR Billion) 1513446.30 1478620 1505025 1552128 1593659 1676529
Consumer Credit (IDR Billion) 2509568.00 2461351 2512714 2569396 2659619 2797919
Households Debt To GDP (% of GDP) 17.00 16.9 16.9 17 17 17
Gasoline Prices (USD/Liter) 0.46 0.42 0.43 0.44 0.45 0.46

Housing Actual Q1 Q2 Q3 Q4 2021
Housing Index (points) 210.97 212 212 213 216 218


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.