Markets Actual Q4 Q1 Q2 Q3
Currency 14595.00 15093 15145 15198 15252
Stock Market 6076.59 5870 5796 5723 5650 points
Government Bond 10Y 8.28 8.12 8.22 8.31 8.41 percent
Overview Actual Q4 Q1 Q2 Q3
GDP Growth Rate 3.09 -1.2 -0.3 3.4 2.6 percent
GDP Annual Growth Rate 5.17 5.2 5.1 4.9 5.2 percent
Unemployment Rate 5.34 5 5.4 5.4 5.4 percent
Inflation Rate 3.23 3.6 3.8 3.9 4.2 percent
Inflation Rate Mom 0.27 0.6 0.5 0.7 0.8 percent
Interest Rate 6.00 6 6 6 6.5 percent
Interbank Rate 7.67 7.71 7.71 7.71 8.21 percent
Balance of Trade -1819.90 -200 -600 300 1500 USD Million
Exports 15800.00 15600 14500 14000 14700 USD Million
Government Debt to GDP 28.70 29.3 30.9 30.9 30.9 percent
Government Budget -2.50 -2.3 -2.4 -2.4 -2.4 percent of GDP
Business Confidence 108.05 107 107 106 106 Index Points
Manufacturing PMI 50.40 50.5 51 51.2 50.9
Consumer Confidence 122.70 123 123 122 122 Index Points
Retail Sales MoM -1.60 5.1 3.6 6.4 -0.4 percent
Corporate Tax Rate 25.00 25 25 25 25 percent
Personal Income Tax Rate 30.00 30 30 30 30 percent
GDP Actual Q4 Q1 Q2 Q3
GDP Growth Rate 3.09 -1.2 -0.3 3.4 2.6 percent
GDP Annual Growth Rate 5.17 5.2 5.1 4.9 5.2 percent
GDP 1015.54 1070 1126 1126 1126 USD Billion
GDP Constant Prices 2684193.60 2639396 2626029 2731281 2739092 IDR Billion
Gross Fixed Capital Formation 880777.29 907323 862440 869143 871628 IDR Billion
GDP per capita 4130.66 4251 4332 4332 4332 USD
GDP per capita PPP 11188.74 11406 11733 11733 11733 USD
GDP From Agriculture 82332.00 46079 88891 88231 88484 IDR Billion
GDP From Construction 265600.00 276867 263880 265862 279411 IDR Billion
GDP From Manufacturing 559400.00 558020 561392 572849 588489 IDR Billion
GDP From Mining 200700.00 206251 204828 208990 211136 IDR Billion
GDP From Services 47654.30 46830 47308 48811 48950 IDR Billion
GDP From Utilities 36766.40 36735 35891 37386 37493 IDR Billion
Labour Actual Q4 Q1 Q2 Q3
Unemployment Rate 5.34 5 5.4 5.4 5.4 percent
Employed Persons 127067835.00 127067835 128000000 128000000 128000000
Unemployed Persons 6871264.00 6871264 6775000 6775000 6775000
Labor Force Participation Rate 69.20 69.2 69.3 69.3 69.3 percent
Minimum Wages 3.60 3.6 3.8 3.8 3.8 IDR Million/Month
Wages in Manufacturing 2703980.52 2630000 2740000 2740000 2850000 IDR/Month
Population 261.90 264 266 266 266 Million
Retirement Age Women 58.00 58 58 58 58
Retirement Age Men 58.00 58 58 58 58
Living Wage Family 2954800.00 3000000 3150000 3150000 3150000 IDR/Month
Living Wage Individual 1456700.00 1740000 1820000 1820000 1820000 IDR/Month
Wages Low Skilled 3427900.00 3200000 3270000 3270000 3270000 IDR/Month
Wages High Skilled 5017000.00 5100000 5240000 5240000 5240000 IDR/Month
Prices Actual Q4 Q1 Q2 Q3
Inflation Rate 3.23 3.6 3.8 3.9 4.2 percent
Inflation Rate Mom 0.27 0.6 0.5 0.7 0.8 percent
Consumer Price Index CPI 134.56 136 137 139 139 Index Points
Core Consumer Prices 126.31 126 127 128 129 Index Points
Core Inflation Rate 3.03 2.8 2.9 2.8 2.7 percent
GDP Deflator 142.90 143 144 145 146 Index Points
Producer Prices 165.83 170 174 176 178 Index Points
Export Prices 172.80 170 171 173 175 Index Points
Import Prices 151.51 152 153 155 156 Index Points
Food Inflation 4.25 4.6 4 3.5 3.8 percent
Producer Prices Change 5.06 6.9 7.1 6.8 6.5 percent
CPI Housing Utilities 130.87 132 133 134 135 Index Points
CPI Transportation 132.09 146 146 137 136 Index Points
Money Actual Q4 Q1 Q2 Q3
Interest Rate 6.00 6 6 6 6.5 percent
Interbank Rate 7.67 7.71 7.71 7.71 8.21 percent
Money Supply M0 581591.77 620000 634000 645000 582000 IDR Billion
Money Supply M1 1410498.00 1450000 1462000 1436000 1452000 IDR Billion
Money Supply M2 5666500.00 5720000 5830000 5910000 5990000 IDR Billion
Foreign Exchange Reserves 117200.00 116300 115900 115400 115800 USD Million
Loans to Private Sector 4523542.00 4510000 4620000 4690000 4750000 IDR Billion
Deposit Interest Rate 5.25 5.25 5.25 5.25 5.75 percent
Lending Rate 6.75 6.75 6.75 6.75 7.25 percent
Loan Growth 13.35 6.8 6.4 5.9 5.7 percent
Cash Reserve Ratio 6.50 6.5 6.5 6.5 6.5 percent
Trade Actual Q4 Q1 Q2 Q3
Balance of Trade -1819.90 -200 -600 300 1500 USD Million
Exports 15800.00 15600 14500 14000 14700 USD Million
Imports 17620.00 13900 15100 13700 13200 USD Million
Current Account -8846.10 -1400 -5660 -5000 -3900 USD Million
Current Account to GDP -1.70 -2.2 -2.3 -2.3 -2.3 percent
External Debt 359793.63 380000 410000 410000 410000 USD Million
Terms of Trade 114.07 112 112 112 113 Index Points
Foreign Direct Investment 89.10 94.7 94.2 93.8 94.5 IDR Trillion
Remittances 2711.00 2530 2490 2450 2510 USD Million
Tourist Arrivals 1292118.00 1510000 1490000 1470000 1520000
Gold Reserves 80.60 80.6 80.6 80.6 80.6 Tonnes
Crude Oil Production 787.00 787 791 794 797 BBL/D/1K
Terrorism Index 4.55 4.4 4.3 4.3 4.3
Weapons Sales 102.00 99 97 97 97 USD Million
Government Actual Q4 Q1 Q2 Q3
Government Debt to GDP 28.70 29.3 30.9 30.9 30.9 percent
Government Budget -2.50 -2.3 -2.4 -2.4 -2.4 percent of GDP
Government Budget Value -347356.70 -319636 -390000 -390000 -390000 IDR Billion
Government Spending 205839.31 285134 153539 203104 203684 IDR Billion
Government Revenues 1656890.70 1670000 1700000 1700000 1700000 IDR Billion
Fiscal Expenditure 2004247.20 2040000 2090000 2090000 2090000 IDR Billion
Military Expenditure 7910.80 7930 7950 7950 7950 USD Million
Taxes Actual Q4 Q1 Q2 Q3
Corporate Tax Rate 25.00 25 25 25 25 percent
Personal Income Tax Rate 30.00 30 30 30 30 percent
Sales Tax Rate 10.00 10 10 10 10 percent
Social Security Rate 9.74 9.74 9.74 9.74 9.74 percent
Social Security Rate For Companies 5.74 5.74 5.74 5.74 5.74 percent
Social Security Rate For Employees 4.00 4 4 4 4 percent
Business Actual Q4 Q1 Q2 Q3
Business Confidence 108.05 107 107 106 106 Index Points
Manufacturing PMI 50.40 50.5 51 51.2 50.9
Industrial Production 1.50 4.7 5.3 6 5.7 percent
Industrial Production Mom -0.50 2.4 1.5 -0.6 0.7 percent
Capacity Utilization 75.33 77.7 78.1 78.5 78.7 percent
Changes in Inventories 45518.35 -26800 61500 48200 25400 IDR Billion
Car Registrations 106050.00 98000 102000 75000 97000
Internet Speed 7203.29 7700 8300 8300 8300 KBps
IP Addresses 2826875.00 2880000 2910000 2930000 2950000 IP
Competitiveness Index 64.94 65.44 65.44 65.44 65.44 Points
Competitiveness Rank 45.00 45 45 45 45
Copper Production 218520.00 280000 274000 269000 266000 Tonnes
Corruption Index 37.00 37 37 37 37 Points
Corruption Rank 96.00 96 96 96 96
Ease of Doing Business 73.00 70 68 68 68
Consumer Actual Q4 Q1 Q2 Q3
Consumer Confidence 122.70 123 123 122 122 Index Points
Retail Sales MoM -1.60 5.1 3.6 6.4 -0.4 percent
Retail Sales YoY 2.90 4.3 3.9 3.6 2.8 percent
Consumer Spending 1440841.50 1443537 1443588 1463003 1467187 IDR Billion
Consumer Credit 2312963.00 2290000 2310000 2330000 2350000 IDR Billion
Households Debt To GDP 17.00 16.9 16.8 16.8 16.8 percent of GDP
Gasoline Prices 0.44 0.41 0.41 0.4 0.39 USD/Liter
Housing Actual Q4 Q1 Q2 Q3
Housing Index 207.69 209 210 210 212 Index Points


Indonesia's economy is expected to advance 5.2% in 2018, the same as in 2017. Investment is projected to increase further, due to the ongoing recovery in commodity prices, and improved investor confidence after the country was upgraded to the investment grade by all the major agencies. At the same time, private consumption is seen rising amid moderate inflation and a robust labor market. Meanwhile, net exports may drag on growth as import-intensive investment remains robust, also due to the ongoing streamlining of import processes. Inflation is seen at 3.5% on the assumptions that there is no extreme weather disrupting food production. The rupiah is expected to remain under pressure amid global uncertainty, including the Fed’s decision to raise its reference rate and intensifying trade disputes. The central bank is seen tightening further this year, depending on how domestic and global developments play out and how aggressive is the normalization of US monetary policy. 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.