Markets Actual Q3 Q4 Q1 Q2 2021
Currency 14360.00 14448 14495 14543 14592 14689
Stock Market (points) 5031.26 4952 4856 4762 4670 4487
Government Bond 10Y (%) 7.11 7.17 7.23 7.29 7.35 7.47

Overview Actual Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) -2.41 2.7 0.5 2.5 1.5 2.5
GDP Annual Growth Rate (%) 2.97 -1.2 3.3 5.2 8.5 7.5
Unemployment Rate (%) 4.99 8.5 9 9 8.5 8.5
Inflation Rate (%) 1.96 2.5 2.9 3.3 3.7 3.7
Inflation Rate Mom (%) 0.18 0.2 0.5 0.8 0.8 0.8
Interest Rate (%) 4.25 3.75 3.75 3.75 3.75 3.75
Balance of Trade (USD Million) 2091.70 -1700 -1200 -1200 -100 1200
Current Account (USD Million) -3924.00 -9000 -8500 -7000 -7500 -8000
Current Account to GDP (%) -3.00 -4.5 -4.5 -2.8 -2.8 -2.8
Government Debt to GDP (%) 29.80 32.2 32.2 34.5 34.5 34.5
Government Budget (% of GDP) -2.20 -6.5 -6.5 -5.5 -5.5 -5.5
Business Confidence (points) 104.82 97 101 103 105 105
Manufacturing PMI (points) 39.10 47.5 50.5 52 55 51
Consumer Confidence (points) 83.80 97 98 98.5 99 99
Retail Sales MoM (%) -13.30 -5.5 3.5 4 4 5
Corporate Tax Rate (%) 22.00 22 22 22 22 22
Personal Income Tax Rate (%) 30.00 30 30 30 30 30

GDP Actual Q3 Q4 Q1 Q2 2021
GDP Growth Rate (%) -2.41 2.7 0.5 2.5 1.5 2.5
GDP Annual Growth Rate (%) 2.97 -1.2 3.3 5.2 8.5 7.5
GDP (USD Billion) 1119.19 970 970 1150 1150 1150
GDP Constant Prices (IDR Billion) 2703065.10 2801974 2861316 2843624 2932826 3075914
Gross Fixed Capital Formation (IDR Billion) 876315.84 912048 982791 921884 950803 1056500
GDP per capita (USD) 4450.70 4200 4200 4450 4450 4450
GDP per capita PPP (USD) 11812.20 9980 9980 10840 10840 10840
GDP From Agriculture (IDR Billion) 71850.80 78244 47164 75587 77958 50701
GDP From Construction (IDR Billion) 273624.60 278961 303658 287853 296883 326432
GDP From Manufacturing (IDR Billion) 566753.10 579447 592392 596224 614927 636822
GDP From Mining (IDR Billion) 200750.70 204156 208938 211190 217815 224608
GDP From Services (IDR Billion) 52355.60 52210 55346 55078 56806 59497
GDP From Utilities (IDR Billion) 38087.90 38182 41417 40068 41325 44524

Labour Actual Q3 Q4 Q1 Q2 2021
Unemployment Rate (%) 4.99 8.5 9 9 8.5 8.5
Employed Persons 129366192.00 129896120 129896120 132165517 132165517 132165517
Unemployed Persons 6816840.00 7123846 7123846 7049693 7049693 7049693
Labor Force Participation Rate (%) 69.32 67 67 68 68 68
Wages in Manufacturing (IDR/Month) 2817234.31 2850000 3100000 3100000 3100000 3100000
Minimum Wages (IDR Million/Month) 3.94 4 4 4.4 4.4 4.4
Population (Million) 266.10 270 270 273 273 273
Retirement Age Women 58.00 58 58 58 58 58
Retirement Age Men 58.00 58 58 58 58 58

Prices Actual Q3 Q4 Q1 Q2 2021
Inflation Rate (%) 1.96 2.5 2.9 3.3 3.7 3.7
Inflation Rate Mom (%) 0.18 0.2 0.5 0.8 0.8 0.8
Consumer Price Index CPI (points) 105.06 106 107 108 109 111
Core Consumer Prices (points) 105.18 107 108 108 109 111
Core Inflation Rate (%) 2.26 3.1 3.2 3.2 3.3 3.5
Producer Prices (points) 103.54 103 104 106 107 109
Food Inflation (%) 3.03 4.1 4.5 4.5 3.5 3.5
Producer Prices Change (%) 0.86 1.2 1.2 3 3.5 5
CPI Housing Utilities (points) 102.81 136 105 106 107 109
CPI Transportation (points) 103.03 137 107 106 107 111

Money Actual Q3 Q4 Q1 Q2 2021
Interest Rate (%) 4.25 3.75 3.75 3.75 3.75 3.75
Interbank Rate (%) 4.65 4.66 4.66 4.66 4.66 4.66
Money Supply M2 (IDR Billion) 6468200.00 6581504 6597366 6713228 6736481 7060815
Foreign Exchange Reserves (USD Million) 131718.36 134100 135100 137100 140360 147200
Loans to Private Sector (IDR Billion) 4987079.00 4809526 5091523 5246407 5410981 5473387
Deposit Interest Rate (%) 3.50 3.5 3.5 3.5 3.5 3.5
Lending Rate (%) 5.00 5 5 5 5 5
Loan Growth (%) 3.04 6.5 7.5 9.5 11 11
Cash Reserve Ratio (%) 3.00 3 3 3 3 4

Trade Actual Q3 Q4 Q1 Q2 2021
Balance of Trade (USD Million) 2091.70 -1700 -1200 -1200 -100 1200
Current Account (USD Million) -3924.00 -9000 -8500 -7000 -7500 -8000
Current Account to GDP (%) -3.00 -4.5 -4.5 -2.8 -2.8 -2.8
Imports (USD Million) 8442.10 13500 14700 15700 15600 15500
Exports (USD Million) 10533.80 11800 13500 14500 15500 16700
External Debt (USD Million) 389251.56 423230 429031 434833 440634 446435
Foreign Direct Investment (IDR Trillion) 98.00 95 98 100 101 105
Remittances (USD Million) 2870.00 2958 3037 3116 3190 3353
Tourist Arrivals 163646.00 200000 780000 1100000 1250000 1480000
Gold Reserves (Tonnes) 78.60 80.6 80.6 80.6 80.6 80.6
Crude Oil Production (BBL/D/1K) 651.00 750 850 950 950 950
Weapons Sales (USD Million) 15.00 15 15 35 35 35

Government Actual Q3 Q4 Q1 Q2 2021
Government Debt to GDP (%) 29.80 32.2 32.2 34.5 34.5 34.5
Government Budget (% of GDP) -2.20 -6.5 -6.5 -5.5 -5.5 -5.5
Government Budget Value (IDR Billion) -259900.00 -410000 -410000 -350000 -350000 -350000
Government Spending (IDR Billion) 159398.05 206513 294126 167687 172947 316185
Government Revenues (IDR Billion) 1894700.00 1420000 1420000 1530000 1530000 1530000
Fiscal Expenditure (IDR Billion) 2202200.00 2930000 2930000 2530000 2530000 2530000
Military Expenditure (USD Million) 7661.00 7980 7980 7980 7980 7980

Taxes Actual Q3 Q4 Q1 Q2 2021
Corporate Tax Rate (%) 22.00 22 22 22 22 22
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 Q3 Q4 Q1 Q2 2021
Business Confidence (points) 104.82 97 101 103 105 105
Manufacturing PMI (points) 39.10 47.5 50.5 52 55 51
Industrial Production (%) -0.80 -6.5 3.5 3.5 19 6.6
Industrial Production Mom (%) 1.00 -3.5 6.5 2 2 1.8
Capacity Utilization (%) 74.09 70 73 75 79 79
Car Registrations 3551.00 90000 89000 89000 90000 91000

Consumer Actual Q3 Q4 Q1 Q2 2021
Consumer Confidence (points) 83.80 97 98 98.5 99 99
Retail Sales MoM (%) -13.30 -5.5 3.5 4 4 5
Retail Sales YoY (%) -20.60 5 5 6.5 13.5 5.1
Consumer Spending (IDR Billion) 1483593.40 1503719 1563390 1560740 1609699 1680644
Consumer Credit (IDR Billion) 2559847.00 2489259 2592384 2692959 2777434 2786813
Gasoline Prices (USD/Liter) 0.45 0.43 0.41 0.39 0.37 0.35
Households Debt To GDP (% of GDP) 17.00 17 17 19 19 19

Housing Actual Q3 Q4 Q1 Q2 2021
Housing Index (points) 211.93 213 216 216 216 218


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.