Markets Actual Q2 Q3 Q4 Q1 2023
Currency 14845.00 14904 14987 15071 15156 15326
Stock Market (points) 7042.94 6782 6631 6483 6338 6059
Government Bond 10Y (%) 7.38 7.52 7.57 7.63 7.68 7.79

Overview Actual Q2 Q3 Q4 Q1 2023
GDP Growth Rate (%) -0.96 0.34 2.54 1.55 0.7 -1.3
GDP Annual Growth Rate (%) 5.01 3.6 3.1 3.9 4.2 5.3
Unemployment Rate (%) 5.83 5.7 6 5.85 5.8 5.7
Inflation Rate (%) 3.55 4.2 3.8 3.5 2.8 3.5
Inflation Rate Mom (%) 0.40 0.2 0 0.3 0.2 0.5
Interest Rate (%) 3.50 3.75 4 4.25 4.25 4.25
Balance of Trade (USD Million) 2895.20 2000 3000 5050 4000 2700
Current Account (USD Million) 221.00 -3500 -5000 -6000 -6000 -6000
Current Account to GDP (% of GDP) 0.30 -1.7 -1.7 -1.7 -2 -2
Government Debt to GDP (% of GDP) 38.50 43 43 43 43 43
Government Budget (% of GDP) -4.65 -4 -4 -4 -3.5 -3.5
Business Confidence (points) 8.71 10 6 6 6 6
Manufacturing PMI (points) 50.80 51 50.5 50.5 50.5 51
Consumer Confidence (points) 128.90 100 95 112 112 112
Retail Sales MoM (%) 16.50 3 5 3.5 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 Q2 Q3 Q4 Q1 2023
GDP Growth Rate (%) -0.96 0.34 2.54 1.55 0.7 -1.3
GDP Annual Growth Rate (%) 5.01 3.6 3.1 3.9 4.2 5.3
GDP (USD Billion) 1058.42 1230 1230 1230 1230 1370
GDP Constant Prices (IDR Billion) 2818579.00 2872654 2903222 2956847 2936959 3113560
Gross Fixed Capital Formation (IDR Billion) 910202.33 881471 917823 970526 948431 1021963
GDP per capita (USD) 3756.91 4700 4700 4700 4700 4700
GDP per capita PPP (USD) 11444.96 10840 10840 11750 11750 11750
GDP From Agriculture (IDR Billion) 80365.00 92081 81833 51429 83740 54155
GDP From Construction (IDR Billion) 284580.70 274192 286866 299379 296533 315246
GDP From Manufacturing (IDR Billion) 587265.50 585201 596090 605614 611931 637712
GDP From Mining (IDR Billion) 204232.40 210677 218458 218322 212810 229893
GDP From Services (IDR Billion) 52092.40 51218 49738 52223 54280 54991
GDP From Utilities (IDR Billion) 41937.40 40013 40963 43654 43699 45968

Labour Actual Q2 Q3 Q4 Q1 2023
Unemployment Rate (%) 5.83 5.7 6 5.85 5.8 5.7
Employed Persons 135611895.00 132166325 132166325 132166325 132166325 132166325
Unemployed Persons 8402153.00 9154473 9154473 9154473 9154473 8953875
Labor Force Participation Rate (%) 69.06 69 69 69 69 69
Wages in Manufacturing (IDR/Month) 2849199.00 3100000 3100000 3100000 3100000 3100000
Minimum Wages (IDR Million/Month) 4.42 4.6 4.6 4.6 4.6 4.7
Population (Million) 270.20 275 275 275 275 275
Retirement Age Women 57.00 58 58 58 58 58
Retirement Age Men 57.00 58 58 58 58 58

Prices Actual Q2 Q3 Q4 Q1 2023
Inflation Rate (%) 3.55 4.2 3.8 3.5 2.8 3.5
Inflation Rate Mom (%) 0.40 0.2 0 0.3 0.2 0.5
Consumer Price Index CPI (points) 110.42 111 111 111 112 115
Core Consumer Prices (points) 109.35 108 108 109 110 111
Core Inflation Rate (%) 2.58 1.5 1.2 1.5 1.5 1.5
Producer Prices (points) 110.69 108 108 110 111 113
Food Inflation (%) 5.62 2 2 3.5 3.5 3.5
Producer Prices Change (%) 2.81 2 1.7 2 2 3
CPI Housing Utilities (points) 105.23 107 107 107 108 111
CPI Transportation (points) 108.42 109 109 109 109 110

Money Actual Q2 Q3 Q4 Q1 2023
Interest Rate (%) 3.50 3.75 4 4.25 4.25 4.25
Interbank Rate (%) 3.75 4 4.25 4.5 4.5 4.5
Money Supply M2 (IDR Billion) 7911300.00 7192350 7180000 7184264 7184264 7174264
Foreign Exchange Reserves (USD Million) 135600.00 130678 132000 135597 135597 139570
Loans to Private Sector (IDR Billion) 5055398.00 5092755 5150867 5363309 5267725 5647564
Deposit Interest Rate (%) 2.75 3 3.25 3.5 3.5 3.5
Lending Rate (%) 4.25 4.5 4.75 5 5 5
Loan Growth (%) 9.00 3 3.2 5 5 5
Cash Reserve Ratio (%) 6.00 6 9 9 9 6.5

Trade Actual Q2 Q3 Q4 Q1 2023
Balance of Trade (USD Million) 2895.20 2000 3000 5050 4000 2700
Current Account (USD Million) 221.00 -3500 -5000 -6000 -6000 -6000
Current Account to GDP (% of GDP) 0.30 -1.7 -1.7 -1.7 -2 -2
Imports (USD Million) 18610.20 16000 15000 14000 14000 14000
Exports (USD Million) 21505.40 18000 18000 18000 18000 16700
External Debt (USD Million) 411517.10 400000 410000 410640 410640 419640
Foreign Direct Investment (IDR Trillion) 147.20 130 140 150 150 160
Remittances (USD Million) 2345.15 2700 2750 2670 2670 3170
Tourist Arrivals 111057.00 900000 1200000 1000000 1000000 1200000
Gold Reserves (Tonnes) 78.57 81 81 81 81 81
Crude Oil Production (BBL/D/1K) 670.00 720 735 750 750 740
Weapons Sales (SIPRI TIV Million) 9.00 25 25 25 25 25

Government Actual Q2 Q3 Q4 Q1 2023
Government Debt to GDP (% of GDP) 38.50 43 43 43 43 43
Government Budget (% of GDP) -4.65 -4 -4 -4 -3.5 -3.5
Government Budget Value (IDR Billion) -1039200.00 -800000 -800000 -800000 -800000 -500000
Government Spending (IDR Billion) 150983.69 218321 236665 317200 157325 334011
Government Revenues (IDR Billion) 1699950.00 1930000 1930000 1930000 1930000 1980000
Fiscal Expenditure (IDR Billion) 2739200.00 2330000 2330000 2330000 2330000 2330000
Military Expenditure (USD Million) 9488.00 7980 7980 7980 7980 7980

Taxes Actual Q2 Q3 Q4 Q1 2023
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 Q2 Q3 Q4 Q1 2023
Business Confidence (points) 8.71 10 6 6 6 6
Manufacturing PMI (points) 50.80 51 50.5 50.5 50.5 51
Industrial Production (%) 0.75 2 2.7 -0.2 -0.2 -0.4
Capacity Utilization (%) 73.08 78 78 79 79 79
Car Registrations (Units) 49453.00 75000 85000 81000 81000 81000

Consumer Actual Q2 Q3 Q4 Q1 2023
Consumer Confidence (points) 128.90 100 95 112 112 112
Retail Sales MoM (%) 16.50 3 5 3.5 3.5 3.5
Retail Sales YoY (%) 8.50 6 5 5 5 5.1
Consumer Spending (IDR Billion) 1513463.60 1521631 1511980 1569562 1577029 1652749
Consumer Credit (IDR Billion) 2730534.00 2704726 2742654 2872839 2845216 3025100
Gasoline Prices (USD/Liter) 0.52 0.54 0.56 0.58 0.6 0.6
Households Debt To GDP (% of GDP) 17.20 19.1 19.1 19.5 19.5 20

Housing Actual Q2 Q3 Q4 Q1 2023
Housing Index (points) 217.98 217 218 218 218 219


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 Saturday, June 25, 2022.