Markets Actual Q4 Q1 Q2 Q3 2022
Currency 14395.00 14346 14392 14437 14484 14577
Stock Market (points) 6538.51 6403 6249 6098 5951 5668
Government Bond 10Y (%) 6.39 6.28 6.33 6.38 6.43 6.54

Overview Actual Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) 1.55 -1.5 -0.5 4 3.5 -1.6
GDP Annual Growth Rate (%) 3.51 3.2 4.5 4 4 5
Unemployment Rate (%) 6.49 5.8 5.7 5.7 5.6 5.7
Inflation Rate (%) 1.75 1.9 2.6 2.9 3.2 3.4
Inflation Rate Mom (%) 0.37 0.3 0.2 0.2 0.3 0.5
Interest Rate (%) 3.50 3.5 3.5 3.5 3.75 4
Balance of Trade (USD Million) 5733.10 300 2200 2000 3000 2700
Current Account (USD Million) 4474.00 -6000 -5500 -5500 -5000 -6000
Current Account to GDP (% of GDP) -0.44 -1.5 -2 -2 -2 -2
Government Debt to GDP (% of GDP) 38.50 42 43 43 43 43
Government Budget (% of GDP) -6.50 -5.7 -4.5 -4.5 -4.5 -4.5
Business Confidence (points) 7.58 12 18 10 6 6
Manufacturing PMI (points) 53.90 51 52 51 50.5 51
Consumer Confidence (points) 113.40 100 105 100 95 112
Retail Sales MoM (%) 2.10 5 2.5 3 5 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 Q4 Q1 Q2 Q3 2022
GDP Growth Rate (%) 1.55 -1.5 -0.5 4 3.5 -1.6
GDP Annual Growth Rate (%) 3.51 3.2 4.5 4 4 5
GDP (USD Billion) 1058.42 1150 1270 1270 1270 1270
GDP Constant Prices (IDR Billion) 2815928.60 3075257 2803852 2883745 2928566 2935469
Gross Fixed Capital Formation (IDR Billion) 890226.39 1065498 913686 884874 925835 968832
GDP per capita (USD) 3756.91 4450 4700 4700 4700 4700
GDP per capita PPP (USD) 11444.96 10840 10840 10840 10840 11750
GDP From Agriculture (IDR Billion) 79372.30 53808 82768 92437 82547 54628
GDP From Construction (IDR Billion) 278240.80 323820 283688 275250 289370 300474
GDP From Manufacturing (IDR Billion) 578167.10 644722 584058 587460 601294 601970
GDP From Mining (IDR Billion) 211889.90 233511 205579 211490 220365 216541
GDP From Services (IDR Billion) 48242.20 56512 51375 51416 50172 53982
GDP From Utilities (IDR Billion) 39731.60 44146 40451 40168 41321 41611

Labour Actual Q4 Q1 Q2 Q3 2022
Unemployment Rate (%) 6.49 5.8 5.7 5.7 5.6 5.7
Employed Persons 131064305.00 130165517 132166325 132166325 132166325 132166325
Unemployed Persons 8746008.00 9572398 9154473 9154473 9154473 9154473
Labor Force Participation Rate (%) 68.08 68 69 69 69 69
Wages in Manufacturing (IDR/Month) 2659274.00 3100000 3100000 3100000 3100000 3100000
Minimum Wages (IDR Million/Month) 4.42 4.42 4.6 4.6 4.6 4.6
Population (Million) 270.20 273 275 275 275 275
Retirement Age Women 57.00 58 58 58 58 58
Retirement Age Men 57.00 58 58 58 58 58

Prices Actual Q4 Q1 Q2 Q3 2022
Inflation Rate (%) 1.75 1.9 2.6 2.9 3.2 3.4
Inflation Rate Mom (%) 0.37 0.3 0.2 0.2 0.3 0.5
Consumer Price Index CPI (points) 107.05 108 109 110 110 111
Core Consumer Prices (points) 107.43 107 108 108 108 109
Core Inflation Rate (%) 1.44 1.4 1.6 1.5 1.2 1.5
Producer Prices (points) 106.54 194 108 108 108 110
Food Inflation (%) 2.98 1.5 1.1 2 2 3.5
Producer Prices Change (%) 2.87 3 2.5 2 1.7 2
CPI Housing Utilities (points) 103.52 105 106 106 107 108
CPI Transportation (points) 104.00 104 105 105 105 106

Money Actual Q4 Q1 Q2 Q3 2022
Interest Rate (%) 3.50 3.5 3.5 3.5 3.75 4
Interbank Rate (%) 3.75 3.75 3.75 3.75 4 4.25
Money Supply M2 (IDR Billion) 7490700.00 7190815 7182350 7192350 7180000 7184264
Foreign Exchange Reserves (USD Million) 145500.00 138064 138447 130678 132000 135597
Loans to Private Sector (IDR Billion) 4919281.00 4993154 5056003 5112418 5116052 5242812
Deposit Interest Rate (%) 2.75 6 2.75 2.75 3 3.25
Lending Rate (%) 4.25 7.5 4.25 4.25 4.5 4.75
Loan Growth (%) 3.24 3 4.5 3 3.2 5
Cash Reserve Ratio (%) 3.00 3 3 3 3 5

Trade Actual Q4 Q1 Q2 Q3 2022
Balance of Trade (USD Million) 5733.10 300 2200 2000 3000 2700
Current Account (USD Million) 4474.00 -6000 -5500 -5500 -5000 -6000
Current Account to GDP (% of GDP) -0.44 -1.5 -2 -2 -2 -2
Imports (USD Million) 16293.10 16500 17500 16000 15000 14000
Exports (USD Million) 22026.20 20100 19700 18000 18000 16700
External Debt (USD Million) 423117.82 417435 415366 400000 410000 410640
Foreign Direct Investment (IDR Trillion) 103.20 120 130 130 140 150
Remittances (USD Million) 2302.92 2553 2650 2700 2750 2670
Tourist Arrivals 151032.00 300000 800000 900000 1200000 1000000
Gold Reserves (Tonnes) 78.57 80 81 81 81 81
Crude Oil Production (BBL/D/1K) 658.00 680 700 720 735 750
Weapons Sales (SIPRI TIV Million) 9.00 15 25 25 25 25

Government Actual Q4 Q1 Q2 Q3 2022
Government Debt to GDP (% of GDP) 38.50 42 43 43 43 43
Government Budget (% of GDP) -6.50 -5.7 -4.5 -4.5 -4.5 -4.5
Government Budget Value (IDR Billion) -1039200.00 -850000 -800000 -800000 -800000 -800000
Government Spending (IDR Billion) 229548.68 330268 171648 219164 238731 314205
Government Revenues (IDR Billion) 1699950.00 1830000 1930000 1930000 1930000 1930000
Fiscal Expenditure (IDR Billion) 2739200.00 2530000 2330000 2330000 2330000 2330000
Military Expenditure (USD Million) 9488.00 7980 7980 7980 7980 7980

Taxes Actual Q4 Q1 Q2 Q3 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 Q4 Q1 Q2 Q3 2022
Business Confidence (points) 7.58 12 18 10 6 6
Manufacturing PMI (points) 53.90 51 52 51 50.5 51
Industrial Production (%) 2.35 -0.5 0.4 2 2.7 -0.2
Capacity Utilization (%) 73.30 76 77 78 78 79
Car Registrations (Units) 75544.00 75000 80000 75000 85000 81000

Consumer Actual Q4 Q1 Q2 Q3 2022
Consumer Confidence (points) 113.40 100 105 100 95 112
Retail Sales MoM (%) 2.10 5 2.5 3 5 3.5
Retail Sales YoY (%) -2.20 16.1 10.5 6 5 5.1
Consumer Spending (IDR Billion) 1466518.30 1680230 1515563 1527506 1525179 1580719
Consumer Credit (IDR Billion) 2625742.00 2757417 2694523 2715169 2730772 2769729
Gasoline Prices (USD/Liter) 0.53 0.38 0.48 0.46 0.43 0.41
Households Debt To GDP (% of GDP) 17.80 18.6 19 19.1 19.1 19.5

Housing Actual Q4 Q1 Q2 Q3 2022
Housing Index (points) 216.50 216 216 217 218 218


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Indonesia Forecast - was last updated on Friday, December 3, 2021.