Markets Actual Q3 Q4 Q1 Q2 2022
Currency 14255.00 14276 14327 14379 14431 14535
Stock Market (points) 6144.82 5977 5825 5678 5533 5256
Government Bond 10Y (%) 6.24 6.22 6.27 6.33 6.39 6.5

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 3.31 2.5 -1.5 -0.5 4 -1.6
GDP Annual Growth Rate (%) 7.07 4.3 3.5 4.5 4 5
Unemployment Rate (%) 6.26 6 5.8 5.7 5.7 5.7
Inflation Rate (%) 1.59 1.6 1.5 1.8 1.5 2.2
Inflation Rate Mom (%) 0.03 0.1 0.3 0.2 0.2 0.5
Interest Rate (%) 3.50 3.5 3.5 3.5 3.5 4
Balance of Trade (USD Million) 4744.80 2600 300 2200 2000 2700
Current Account (USD Million) -2231.00 -5500 -6000 -5500 -5500 -6000
Current Account to GDP (% of GDP) -0.44 -1.5 -1.5 -2 -2 -2
Government Debt to GDP (% of GDP) 38.50 42 42 43 43 43
Government Budget (% of GDP) -6.50 -5.7 -5.7 -4.5 -4.5 -4.5
Business Confidence (points) 18.98 -3 12 18 10 6
Manufacturing PMI (points) 43.70 48 51 52 51 51
Consumer Confidence (points) 77.30 90 100 105 100 112
Retail Sales MoM (%) -12.80 3.5 5 2.5 3 3.5
Corporate Tax Rate (%) 22.00 25 25 25 25 25
Personal Income Tax Rate (%) 30.00 30 30 30 30 30

GDP Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) 3.31 2.5 -1.5 -0.5 4 -1.6
GDP Annual Growth Rate (%) 7.07 4.3 3.5 4.5 4 5
GDP (USD Billion) 1058.42 1150 1150 1270 1270 1270
GDP Constant Prices (IDR Billion) 2772832.00 2837536 2803812 2803852 2883745 2944003
Gross Fixed Capital Formation (IDR Billion) 850840.80 894996 925379 913686 884874 971648
GDP per capita (USD) 4312.35 4450 4450 4700 4700 4700
GDP per capita PPP (USD) 11444.96 10840 10840 10840 10840 11750
GDP From Agriculture (IDR Billion) 88881.60 87960 52178 82768 92437 54786
GDP From Construction (IDR Billion) 264663.70 279481 286998 283688 275250 301348
GDP From Manufacturing (IDR Billion) 564865.50 581784 574972 584058 587460 603720
GDP From Mining (IDR Billion) 203356.10 205048 206829 205579 211490 217170
GDP From Services (IDR Billion) 49438.40 50616 51561 51375 51416 54139
GDP From Utilities (IDR Billion) 38622.60 40054 39745 40451 40168 41732

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 6.26 6 5.8 5.7 5.7 5.7
Employed Persons 131064305.00 130165517 130165517 132166325 132166325 132166325
Unemployed Persons 8746008.00 9572398 9572398 9154473 9154473 9154473
Labor Force Participation Rate (%) 68.08 68 68 69 69 69
Wages in Manufacturing (IDR/Month) 2876184.70 3100000 3100000 3100000 3100000 3100000
Minimum Wages (IDR Million/Month) 4.42 4.42 4.42 4.6 4.6 4.6
Population (Million) 270.20 272 273 275 275 275
Retirement Age Women 57.00 58 58 58 58 58
Retirement Age Men 57.00 58 58 58 58 58

Prices Actual Q3 Q4 Q1 Q2 2022
Inflation Rate (%) 1.59 1.6 1.5 1.8 1.5 2.2
Inflation Rate Mom (%) 0.03 0.1 0.3 0.2 0.2 0.5
Consumer Price Index CPI (points) 106.57 107 107 108 108 110
Core Consumer Prices (points) 107.04 107 107 108 108 109
Core Inflation Rate (%) 1.31 1.2 1.4 1.6 1.5 1.5
Producer Prices (points) 106.35 106 107 108 108 109
Food Inflation (%) 3.31 3 1.5 1.1 2 3.5
Producer Prices Change (%) 2.72 2.5 2.3 2.1 2 2
CPI Housing Utilities (points) 103.22 105 104 105 105 107
CPI Transportation (points) 103.06 104 105 105 105 107

Money Actual Q3 Q4 Q1 Q2 2022
Interest Rate (%) 3.50 3.5 3.5 3.5 3.5 4
Interbank Rate (%) 3.75 3.75 3.75 3.75 3.75 4
Money Supply M2 (IDR Billion) 7198900.00 7203165 7190815 7182350 7192350 7184264
Foreign Exchange Reserves (USD Million) 144800.00 142680 138064 138447 130678 135597
Loans to Private Sector (IDR Billion) 4915787.00 5053092 5007669 5056003 5112418 5258053
Deposit Interest Rate (%) 2.75 2.75 2.75 2.75 2.75 3
Lending Rate (%) 4.25 4.25 4.25 4.25 4.25 4.5
Loan Growth (%) 1.16 1.5 3 4.5 3 5
Cash Reserve Ratio (%) 3.00 3 3 3 3 5

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (USD Million) 4744.80 2600 300 2200 2000 2700
Current Account (USD Million) -2231.00 -5500 -6000 -5500 -5500 -6000
Current Account to GDP (% of GDP) -0.44 -1.5 -1.5 -2 -2 -2
Imports (USD Million) 16678.70 17000 16500 17500 16000 14000
Exports (USD Million) 21423.50 20900 20100 19700 18000 16700
External Debt (USD Million) 415081.72 416620 417435 415366 400000 410640
Foreign Direct Investment (IDR Trillion) 116.80 115 120 130 150 150
Remittances (USD Million) 2276.98 2350 2553 2650 2700 2670
Tourist Arrivals 138967.00 160000 300000 800000 900000 1000000
Gold Reserves (Tonnes) 78.57 80 80 81 81 81
Crude Oil Production (BBL/D/1K) 648.00 720 750 740 720 750
Weapons Sales (SIPRI TIV Million) 9.00 15 15 25 25 25

Government Actual Q3 Q4 Q1 Q2 2022
Government Debt to GDP (% of GDP) 38.50 42 42 43 43 43
Government Budget (% of GDP) -6.50 -5.7 -5.7 -4.5 -4.5 -4.5
Government Budget Value (IDR Billion) -1039200.00 -850000 -850000 -800000 -800000 -800000
Government Spending (IDR Billion) 210734.48 237834 300112 171648 219164 315118
Government Revenues (IDR Billion) 1699950.00 1830000 1830000 1930000 1930000 1930000
Fiscal Expenditure (IDR Billion) 2739200.00 2530000 2530000 2330000 2330000 2330000
Military Expenditure (USD Million) 9488.00 7980 7980 7980 7980 7980

Taxes Actual Q3 Q4 Q1 Q2 2022
Corporate Tax Rate (%) 22.00 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 (%) 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 2022
Business Confidence (points) 18.98 -3 12 18 10 6
Manufacturing PMI (points) 43.70 48 51 52 51 51
Industrial Production (%) 1.07 2.8 -0.5 0.4 2 -0.2
Capacity Utilization (%) 75.33 75.5 76 77 78 79
Car Registrations 83319.00 78000 75000 80000 75000 81000

Consumer Actual Q3 Q4 Q1 Q2 2022
Consumer Confidence (points) 77.30 90 100 105 100 112
Retail Sales MoM (%) -12.80 3.5 5 2.5 3 3.5
Retail Sales YoY (%) -2.90 8.5 16.1 10.5 6 5.1
Consumer Spending (IDR Billion) 1468755.90 1514121 1509823 1515563 1527506 1585314
Consumer Credit (IDR Billion) 2593280.00 2637999 2645506 2694523 2697011 2777781
Gasoline Prices (USD/Liter) 0.53 0.5 0.48 0.46 0.43 0.41
Households Debt To GDP (% of GDP) 17.80 18.5 18.6 19 19.1 19.5

Housing Actual Q3 Q4 Q1 Q2 2022
Housing Index (points) 215.88 217 216 216 217 218


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.