Markets Actual Q4 Q1 Q2 Q3 2021
Currency 14630.00 14685 14734 14782 14832 14931
Stock Market (points) 5144.05 5052 4954 4859 4765 4577
Government Bond 10Y (%) 6.61 6.67 6.72 6.78 6.83 6.94

Overview Actual Q4 Q1 Q2 Q3 2021
GDP Growth Rate (%) -4.19 0.5 2.5 1.5 1.5 2.5
GDP Annual Growth Rate (%) -5.32 3.3 5.2 8.5 6.5 8
Unemployment Rate (%) 4.99 9 8.5 7.5 6.5 6.5
Inflation Rate (%) 1.42 2.1 3.3 3.7 3.5 3.7
Inflation Rate Mom (%) -0.05 0.5 0.8 0.8 0.5 0.8
Interest Rate (%) 4.00 4 4 4 4 4
Balance of Trade (USD Million) 2437.50 300 -1200 -1200 -100 300
Current Account (USD Million) -2896.20 -8500 -7000 -7500 -6900 -8000
Current Account to GDP (%) -2.70 -4.5 -2.8 -2.8 -2.8 -2.8
Government Debt to GDP (%) 29.80 32.2 34.5 34.5 34.5 34.5
Government Budget (% of GDP) -2.20 -6.5 -5.5 -5.5 -5.5 -5.5
Business Confidence (points) 102.90 101 103 105 103 105
Manufacturing PMI (points) 47.20 50.5 52 55 53 51
Consumer Confidence (points) 83.40 95 97 98 98 99
Retail Sales MoM (%) 1.30 3.5 4 4 3.5 5
Corporate Tax Rate (%) 22.00 25 22 22 22 25
Personal Income Tax Rate (%) 30.00 30 30 30 30 30

GDP Actual Q4 Q1 Q2 Q3 2021
GDP Growth Rate (%) -4.19 0.5 2.5 1.5 1.5 2.5
GDP Annual Growth Rate (%) -5.32 3.3 5.2 8.5 6.5 8
GDP (USD Billion) 1119.19 970 1150 1150 1150 1150
GDP Constant Prices (IDR Billion) 2589647.30 2920472 2861316 2843624 2809767 3075257
Gross Fixed Capital Formation (IDR Billion) 791199.66 1011869 982791 921884 858452 1065498
GDP per capita (USD) 4450.70 4200 4450 4450 4450 4450
GDP per capita PPP (USD) 11812.20 9980 10840 10840 10840 10840
GDP From Agriculture (IDR Billion) 96832.80 51100 47164 75587 105064 53808
GDP From Construction (IDR Billion) 253459.00 307522 303658 287853 275003 323820
GDP From Manufacturing (IDR Billion) 529988.80 612272 592392 596224 575038 644722
GDP From Mining (IDR Billion) 193261.50 221758 208938 211190 209689 233511
GDP From Services (IDR Billion) 44969.30 53668 55346 55078 48792 56512
GDP From Utilities (IDR Billion) 35649.90 41924 41417 40068 38680 44146

Labour Actual Q4 Q1 Q2 Q3 2021
Unemployment Rate (%) 4.99 9 8.5 7.5 6.5 6.5
Employed Persons 129366192.00 129896120 132165517 132165517 132165517 132165517
Unemployed Persons 6816840.00 7123846 7049693 7049693 7049693 7049693
Labor Force Participation Rate (%) 69.32 67 68 68 68 68
Wages in Manufacturing (IDR/Month) 2817234.31 3100000 3100000 3100000 3100000 3100000
Minimum Wages (IDR Million/Month) 4.28 4 4.4 4.4 4.4 4.4
Population (Million) 266.10 270 273 273 272 273
Retirement Age Women 58.00 58 58 58 58 58
Retirement Age Men 58.00 58 58 58 58 58

Prices Actual Q4 Q1 Q2 Q3 2021
Inflation Rate (%) 1.42 2.1 3.3 3.7 3.5 3.7
Inflation Rate Mom (%) -0.05 0.5 0.8 0.8 0.5 0.8
Consumer Price Index CPI (points) 104.85 106 108 109 109 110
Core Consumer Prices (points) 105.80 135 106 108 109 140
Core Inflation Rate (%) 1.86 2.1 3.2 3.3 3.3 3.5
Producer Prices (points) 103.36 185 104 106 107 194
Food Inflation (%) 1.78 4.5 4.5 3.5 3.7 3.5
Producer Prices Change (%) 1.11 1.5 3 3.5 2.5 5
CPI Housing Utilities (points) 102.89 105 106 107 106 108
CPI Transportation (points) 102.37 106 106 107 106 110

Money Actual Q4 Q1 Q2 Q3 2021
Interest Rate (%) 4.00 4 4 4 4 4
Interbank Rate (%) 4.30 4.3 4.3 4.3 4.3 4.3
Money Supply M2 (IDR Billion) 6726100.00 6597366 6713228 6736481 6753165 7060815
Foreign Exchange Reserves (USD Million) 135153.00 132428 133749 135069 136390 137711
Loans to Private Sector (IDR Billion) 4816220.00 4950000 5091523 5246407 5243712 5498845
Deposit Interest Rate (%) 3.25 3.25 3.25 3.25 3.25 3.25
Lending Rate (%) 4.75 4.75 4.75 4.75 4.75 4.75
Loan Growth (%) 0.12 5.5 9.5 11 7.5 11
Cash Reserve Ratio (%) 3.00 3 3 3 3 4

Trade Actual Q4 Q1 Q2 Q3 2021
Balance of Trade (USD Million) 2437.50 300 -1200 -1200 -100 300
Current Account (USD Million) -2896.20 -8500 -7000 -7500 -6900 -8000
Current Account to GDP (%) -2.70 -4.5 -2.8 -2.8 -2.8 -2.8
Imports (USD Million) 11570.90 14700 15700 15600 15300 15500
Exports (USD Million) 14008.40 13500 14500 15500 14700 16700
External Debt (USD Million) 408592.91 429031 434833 440634 453620 446435
Foreign Direct Investment (IDR Trillion) 106.10 98 100 101 103 105
Remittances (USD Million) 2262.00 2530 2900 3190 2950 3353
Tourist Arrivals 164970.00 780000 1100000 1250000 1320000 1480000
Gold Reserves (Tonnes) 78.60 80 80 80 80 81
Crude Oil Production (BBL/D/1K) 710.00 850 950 950 950 950
Weapons Sales (USD Million) 8.00 5 15 15 15 35

Government Actual Q4 Q1 Q2 Q3 2021
Government Debt to GDP (%) 29.80 32.2 34.5 34.5 34.5 34.5
Government Budget (% of GDP) -2.20 -6.5 -5.5 -5.5 -5.5 -5.5
Government Budget Value (IDR Billion) -348653.70 -410000 -350000 -350000 -350000 -350000
Government Spending (IDR Billion) 195004.77 313644 294126 167687 211580 330268
Government Revenues (IDR Billion) 1960633.60 1420000 1530000 1530000 1530000 1530000
Fiscal Expenditure (IDR Billion) 2309287.30 2930000 2530000 2530000 2530000 2530000
Military Expenditure (USD Million) 7661.00 7980 7980 7980 7980 7980

Taxes Actual Q4 Q1 Q2 Q3 2021
Corporate Tax Rate (%) 22.00 25 22 22 22 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 Q4 Q1 Q2 Q3 2021
Business Confidence (points) 102.90 101 103 105 103 105
Manufacturing PMI (points) 47.20 50.5 52 55 53 51
Industrial Production (%) 2.00 3.5 3.5 19 5.5 6.6
Industrial Production Mom (%) -3.60 6.5 2 2 1.5 1.8
Capacity Utilization (%) 71.77 73 75 79 73 79
Car Registrations 44631.00 49000 73000 75000 76000 79000

Consumer Actual Q4 Q1 Q2 Q3 2021
Consumer Confidence (points) 83.40 95 97 98 98 99
Retail Sales MoM (%) 1.30 3.5 4 4 3.5 5
Retail Sales YoY (%) -9.20 5 6.5 13.5 5.5 5.1
Consumer Spending (IDR Billion) 1386684.00 1595660 1563390 1560740 1504552 1680230
Consumer Credit (IDR Billion) 2510857.00 2618630 2592384 2692959 2716763 2757417
Gasoline Prices (USD/Liter) 0.43 0.4 0.41 0.39 0.37 0.38
Households Debt To GDP (% of GDP) 17.00 17 19 19 19 19

Housing Actual Q4 Q1 Q2 Q3 2021
Housing Index (points) 212.62 216 216 216 217 218


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.