Markets Actual Q2 Q3 Q4 Q1 2022
Currency 14280.00 14370 14418 14465 14514 14611
Stock Market (points) 5974.16 5851 5738 5627 5519 5302
Government Bond 10Y (%) 6.46 6.51 6.56 6.62 6.67 6.78

Overview Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) -0.96 3.5 1.5 2.5 1.5 1.5
GDP Annual Growth Rate (%) -0.74 5.5 4.3 3.5 4.5 5
Unemployment Rate (%) 6.26 7 6.5 6.5 6 6
Inflation Rate (%) 1.42 1.6 2.3 3 2.8 3
Inflation Rate Mom (%) 0.13 0.3 0.8 0.3 0.2 0.5
Interest Rate (%) 3.50 3.5 3.5 3.5 3.5 4
Balance of Trade (USD Million) 1567.40 2400 2600 300 2600 2700
Current Account (USD Million) 795.00 -3500 -5500 -6000 -5500 -6000
Current Account to GDP (%) -0.44 -1.5 -1.5 -1.5 -2 -2
Government Debt to GDP (%) 38.50 42 42 42 43 43
Government Budget (% of GDP) -6.50 -5.7 -5.7 -5.7 -4 -4
Business Confidence (points) 102.90 110 108 105 107 105
Manufacturing PMI (points) 54.60 55 53 51 52 51
Consumer Confidence (points) 93.40 95 100 100 105 112
Retail Sales MoM (%) -2.70 4 3.5 5 2.5 3.5
Corporate Tax Rate (%) 22.00 25 22 25 25 25
Personal Income Tax Rate (%) 30.00 30 30 30 30 30

GDP Actual Q2 Q3 Q4 Q1 2022
GDP Growth Rate (%) -0.96 3.5 1.5 2.5 1.5 1.5
GDP Annual Growth Rate (%) -0.74 5.5 4.3 3.5 4.5 5
GDP (USD Billion) 1119.19 1150 1150 1150 1270 1270
GDP Constant Prices (IDR Billion) 2708997.10 2732091 2837536 2803812 2830902 2944003
Gross Fixed Capital Formation (IDR Billion) 894086.10 834720 894996 925379 934320 971648
GDP per capita (USD) 4450.70 4450 4450 4450 4700 4700
GDP per capita PPP (USD) 11812.20 10840 10840 10840 10840 11750
GDP From Agriculture (IDR Billion) 50413.10 102159 87960 52178 52682 54786
GDP From Construction (IDR Billion) 277292.80 267399 279481 286998 289771 301348
GDP From Manufacturing (IDR Billion) 555528.10 559138 581784 574972 580527 603720
GDP From Mining (IDR Billion) 199834.40 203891 205048 206829 208827 217170
GDP From Services (IDR Billion) 49817.40 47443 50616 51561 52059 54139
GDP From Utilities (IDR Billion) 38400.50 37611 40054 39745 40129 41732

Labour Actual Q2 Q3 Q4 Q1 2022
Unemployment Rate (%) 6.26 7 6.5 6.5 6 6
Employed Persons 128454184.00 129165517 129165517 129165517 132166325 132166325
Unemployed Persons 9767754.00 9572398 9572398 9572398 9154473 9154473
Labor Force Participation Rate (%) 67.77 68 68 68 69 69
Wages in Manufacturing (IDR/Month) 2635445.63 3100000 3100000 3100000 3100000 3100000
Minimum Wages (IDR Million/Month) 4.42 4.4 4.4 4.4 4.6 4.6
Population (Million) 270.20 273 272 273 275 275
Retirement Age Women 57.00 58 58 58 58 58
Retirement Age Men 57.00 58 58 58 58 58

Prices Actual Q2 Q3 Q4 Q1 2022
Inflation Rate (%) 1.42 1.6 2.3 3 2.8 3
Inflation Rate Mom (%) 0.13 0.3 0.8 0.3 0.2 0.5
Consumer Price Index CPI (points) 106.29 107 107 109 109 112
Core Consumer Prices (points) 106.34 107 107 107 108 109
Core Inflation Rate (%) 1.18 1.4 1.2 1.4 1.6 1.5
Producer Prices (points) 105.53 106 107 194 107 112
Food Inflation (%) 2.33 3.5 3.7 3.5 2.1 3.5
Producer Prices Change (%) 2.06 3.5 2.5 2.5 2.1 5
CPI Housing Utilities (points) 103.02 104 105 106 106 109
CPI Transportation (points) 102.75 105 105 106 106 109

Money Actual Q2 Q3 Q4 Q1 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 3.75
Money Supply M2 (IDR Billion) 6888000.00 6736481 6753165 7060815 7082350 7524264
Foreign Exchange Reserves (USD Million) 138799.00 141297 143680 146064 148447 155597
Loans to Private Sector (IDR Billion) 4786667.00 5098724 5053092 5007669 5002067 5258053
Deposit Interest Rate (%) 2.75 2.75 2.75 2.75 2.75 2.75
Lending Rate (%) 4.25 4.25 4.25 4.25 4.25 4.25
Loan Growth (%) -4.13 5.5 7.5 11 3.5 11
Cash Reserve Ratio (%) 3.00 3 3 4 4 5

Trade Actual Q2 Q3 Q4 Q1 2022
Balance of Trade (USD Million) 1567.40 2400 2600 300 2600 2700
Current Account (USD Million) 795.00 -3500 -5500 -6000 -5500 -6000
Current Account to GDP (%) -0.44 -1.5 -1.5 -1.5 -2 -2
Imports (USD Million) 16787.20 13100 13300 13500 13700 14000
Exports (USD Million) 18354.60 15500 15900 16100 15700 16700
External Debt (USD Million) 417527.80 440634 453620 446435 455366 469640
Foreign Direct Investment (IDR Trillion) 111.70 120 110 100 150 100
Remittances (USD Million) 2257.00 3190 2950 3353 3250 3670
Tourist Arrivals 132597.00 300000 500000 700000 800000 1000000
Gold Reserves (Tonnes) 78.57 80 80 80 81 81
Crude Oil Production (BBL/D/1K) 687.00 750 750 750 800 800
Weapons Sales (USD Million) 9.00 15 15 15 25 25

Government Actual Q2 Q3 Q4 Q1 2022
Government Debt to GDP (%) 38.50 42 42 42 43 43
Government Budget (% of GDP) -6.50 -5.7 -5.7 -5.7 -4 -4
Government Budget Value (IDR Billion) -348653.70 -350000 -350000 -350000 -310000 -310000
Government Spending (IDR Billion) 289963.74 205734 237834 300112 303012 315118
Government Revenues (IDR Billion) 1960633.60 1530000 1530000 1530000 1530000 1530000
Fiscal Expenditure (IDR Billion) 2309287.30 2530000 2530000 2530000 2530000 2530000
Military Expenditure (USD Million) 7380.00 7980 7980 7980 7980 7980

Taxes Actual Q2 Q3 Q4 Q1 2022
Corporate Tax Rate (%) 22.00 25 22 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 Q2 Q3 Q4 Q1 2022
Business Confidence (points) 102.90 110 108 105 107 105
Manufacturing PMI (points) 54.60 55 53 51 52 51
Industrial Production (%) 2.00 7.5 5.5 6.6 3.5 6.6
Industrial Production Mom (%) -3.60 2 1.5 1.5 1.5 1.8
Capacity Utilization (%) 73.38 79 73 79 75 79
Car Registrations 84910.00 65000 76000 79000 80000 81000

Consumer Actual Q2 Q3 Q4 Q1 2022
Consumer Confidence (points) 93.40 95 100 100 105 112
Retail Sales MoM (%) -2.70 4 3.5 5 2.5 3.5
Retail Sales YoY (%) -18.10 11 8.5 5.1 4.5 5.1
Consumer Spending (IDR Billion) 1458766.50 1462787 1514121 1509823 1524411 1585314
Consumer Credit (IDR Billion) 2558997.00 2641645 2637999 2645506 2674152 2777781
Gasoline Prices (USD/Liter) 0.53 0.51 0.49 0.38 0.44 0.42
Households Debt To GDP (% of GDP) 17.50 18 18 18 18 17

Housing Actual Q2 Q3 Q4 Q1 2022
Housing Index (points) 213.99 216 217 218 218 218


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.