Indonesia GDP Expands 1.43% QoQ in Q3

2025-11-05 04:12 By Farida Husna 1 min. read

Indonesia’s economy grew 1.43% qoq in Q3 2025, matching market consensus of 1.4% but slowing sharply from the 4.04% jump in Q2, the fastest pace in near five years.

Private consumption fell (-0.56% vs 3.14% in Q2) despite lower borrowing costs and continued government stimulus, including cash handouts.

Government spending also weakened sharply (4.6% vs 21.05%), following typical seasonal patterns.

Meanwhile, fixed investment accelerated (6.37% vs 4.10%).

Exports strengthened (6.77% vs 5.13%) while imports fell (-0.74% vs 9.90%), supporting growth after the U.S.

eased reciprocal tariffs in early August.

Output eased in agriculture (3.32% vs 13.53%), wholesale and retail trade (2.24% vs 3.12%), transport (1.08% vs 6.58%), and accommodation (0.74% vs 6.43%), while activity shrank in financial services (-4.13% vs 1.48%) and public administration (-17.15% vs 0.04%).

In contrast, mining (1.47% vs 1.06%), manufacturing (4.09% vs 1.38%), and construction (5.28% vs 0.98%) posted stronger gains.



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