Markets Actual Q2 Q3 Q4 Q1 2021
Currency 14680.00 14728 14777 14825 14875 14975
Stock Market (points) 4545.95 4458 4372 4288 4205 4040
Government Bond 10Y (%) 7.71 7.77 7.84 7.9 7.97 8.1

Overview Actual Q2 Q3 Q4 Q1 2021
GDP Growth Rate (%) -2.41 -6.2 2.8 -1.8 -1.8 -1.3
GDP Annual Growth Rate (%) 2.97 -4.8 -1.2 3.3 5.2 5.2
Unemployment Rate (%) 4.99 6.5 7.3 7.3 7.5 7.8
Inflation Rate (%) 2.67 1.9 3.3 3.7 3.7 3.7
Inflation Rate Mom (%) 0.08 0.2 0.5 0.5 0.5 0.5
Interest Rate (%) 4.50 4.25 3.75 3.75 4.25 4.5
Balance of Trade (USD Million) -344.70 700 300 300 -200 300
Current Account (USD Million) -3924.00 -8500 -6000 -10000 -10000 -8000
Current Account to GDP (%) -3.00 -2.8 -2.8 -2.8 -2.7 -2.7
Government Debt to GDP (%) 29.80 32.2 32.2 32.2 32.2 34.5
Government Budget (% of GDP) -2.20 -5.1 -5.1 -5.1 -5.5 -5.5
Business Confidence (points) 104.82 95 97 101 103 105
Manufacturing PMI (points) 27.50 45.2 47.5 50.5 52 51
Consumer Confidence (points) 84.80 96 97 98 98.5 99
Retail Sales MoM (%) 1.60 3 -2.5 3.4 3.4 3.4
Corporate Tax Rate (%) 22.00 22 22 22 22 22
Personal Income Tax Rate (%) 30.00 30 30 30 30 30

GDP Actual Q2 Q3 Q4 Q1 2021
GDP Growth Rate (%) -2.41 -6.2 2.8 -1.8 -1.8 -1.3
GDP Annual Growth Rate (%) 2.97 -4.8 -1.2 3.3 5.2 5.2
GDP (USD Billion) 1126.00 1150 1155 1150 1210 1210
GDP Constant Prices (IDR Billion) 2703065.10 2669644 2801974 2861316 2913944 3010104
Gross Fixed Capital Formation (IDR Billion) 876315.84 844996 912048 982791 1000868 1033896
GDP per capita (USD) 4284.70 4600 4600 4600 4750 4750
GDP per capita PPP (USD) 11605.90 11860 12037 12037 11860 12248
GDP From Agriculture (IDR Billion) 71850.80 86520 78244 47164 48031 49616
GDP From Construction (IDR Billion) 273624.60 261476 278961 303658 309243 319448
GDP From Manufacturing (IDR Billion) 566753.10 551423 579447 592392 603288 623197
GDP From Mining (IDR Billion) 200750.70 193897 204156 208938 212781 219803
GDP From Services (IDR Billion) 52355.60 49928 52210 55346 56364 58225
GDP From Utilities (IDR Billion) 38087.90 36067 38182 41417 42179 43571

Labour Actual Q2 Q3 Q4 Q1 2021
Unemployment Rate (%) 4.99 6.5 7.3 7.3 7.5 7.8
Employed Persons 129366192.00 129000000 129000000 129000000 129000000 129000000
Unemployed Persons 6816840.00 6610000 6610000 6610000 6610000 6610000
Labor Force Participation Rate (%) 69.32 69.1 69.1 69.1 69.1 69.1
Minimum Wages (IDR Million/Month) 3.94 4.1 4.1 4.1 4.1 4.4
Wages in Manufacturing (IDR/Month) 2817234.31 2850000 2850000 3100000 3100000 3100000
Population (Million) 266.10 270 270 270 273 273
Retirement Age Women 58.00 58 58 58 58 58
Retirement Age Men 58.00 58 58 58 58 58
Living Wage Family (IDR/Month) 2954800.00 3150000 3150000 3230000 3230000 3200000
Living Wage Individual (IDR/Month) 1456700.00 1820000 1820000 1890000 1890000 1890000
Wages High Skilled (IDR/Month) 5017000.00 5240000 5240000 5310000 5310000 5310000

Prices Actual Q2 Q3 Q4 Q1 2021
Inflation Rate (%) 2.67 1.9 3.3 3.7 3.7 3.7
Inflation Rate Mom (%) 0.08 0.2 0.5 0.5 0.5 0.5
Consumer Price Index CPI (points) 104.80 105 107 108 109 112
Core Consumer Prices (points) 105.10 105 107 108 109 112
Core Inflation Rate (%) 2.85 2.6 3.1 3.5 3.5 3.5
Producer Prices (points) 103.47 103 103 104 106 109
Food Inflation (%) 5.28 3.9 4.1 4 4 4
Producer Prices Change (%) 1.59 0.5 1.2 1.2 3 5
CPI Housing Utilities (points) 102.81 135 137 106 107 110
CPI Transportation (points) 101.72 150 138 108 106 112

Money Actual Q2 Q3 Q4 Q1 2021
Interest Rate (%) 4.50 4.25 3.75 3.75 4.25 4.5
Interbank Rate (%) 4.90 4.9 4.9 4.9 5.4 5.4
Money Supply M2 (IDR Billion) 6440500.00 6524085 6581504 6597366 6713228 7060815
Foreign Exchange Reserves (USD Million) 127880.00 131700 134100 135100 135100 147200
Loans to Private Sector (IDR Billion) 4987079.00 4652214 4809526 5091523 5117239 5356282
Deposit Interest Rate (%) 3.75 3.75 3.75 3.75 4.25 4.25
Lending Rate (%) 5.25 5.25 5.25 5.25 5.75 5.75
Loan Growth (%) 7.95 8 9.5 10 9.5 11
Cash Reserve Ratio (%) 3.00 3 3 3 3 4

Trade Actual Q2 Q3 Q4 Q1 2021
Balance of Trade (USD Million) -344.70 700 300 300 -200 300
Current Account (USD Million) -3924.00 -8500 -6000 -10000 -10000 -8000
Current Account to GDP (%) -3.00 -2.8 -2.8 -2.8 -2.7 -2.7
Imports (USD Million) 12538.00 11200 13500 16700 16700 17500
Exports (USD Million) 12193.30 11900 13800 16500 16500 17700
External Debt (USD Million) 389251.56 410000 410000 420000 420000 420000
Foreign Direct Investment (IDR Trillion) 98.00 97 100 105 98.8 98.8
Remittances (USD Million) 2870.00 2878 2958 3037 3116 3353
Tourist Arrivals 470898.00 880000 900000 980000 1100000 1480000
Gold Reserves (Tonnes) 78.54 80.6 80.6 80.6 80.6 80.6
Crude Oil Production (BBL/D/1K) 729.00 900 950 1000 1050 950
Weapons Sales (USD Million) 15.00 95 95 95 95 95

Government Actual Q2 Q3 Q4 Q1 2021
Government Debt to GDP (%) 29.80 32.2 32.2 32.2 32.2 34.5
Government Budget (% of GDP) -2.20 -5.1 -5.1 -5.1 -5.5 -5.5
Government Budget Value (IDR Billion) -259900.00 -410000 -410000 -410000 -410000 -410000
Government Spending (IDR Billion) 159398.05 204425 206513 294126 299536 309420
Government Revenues (IDR Billion) 1894700.00 1720000 1720000 1720000 1720000 1720000
Fiscal Expenditure (IDR Billion) 2202200.00 2130000 2130000 2130000 2130000 2130000
Military Expenditure (USD Million) 7661.00 7980 7980 7980 7980 7980

Taxes Actual Q2 Q3 Q4 Q1 2021
Corporate Tax Rate (%) 22.00 22 22 22 22 22
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 2021
Business Confidence (points) 104.82 95 97 101 103 105
Manufacturing PMI (points) 27.50 45.2 47.5 50.5 52 51
Industrial Production (%) -0.80 5 5.5 6.6 6.6 6.6
Industrial Production Mom (%) 1.00 3 2.5 1.8 1.8 1.8
Capacity Utilization (%) 74.09 78 78 79.8 79.8 79.8
Car Registrations 7871.00 55000 90000 89000 89000 91000

Consumer Actual Q2 Q3 Q4 Q1 2021
Consumer Confidence (points) 84.80 96 97 98 98.5 99
Retail Sales MoM (%) 1.60 3 -2.5 3.4 3.4 3.4
Retail Sales YoY (%) -4.50 6 5 5.1 5.1 5.1
Consumer Spending (IDR Billion) 1483593.40 1432379 1503719 1563390 1592146 1644686
Consumer Credit (IDR Billion) 2559847.00 2391427 2489259 2592384 2665893 2727188
Gasoline Prices (USD/Liter) 0.42 0.38 0.36 0.34 0.33 0.31
Households Debt To GDP (% of GDP) 17.00 16.9 17 17 17 17

Housing Actual Q2 Q3 Q4 Q1 2021
Housing Index (points) 211.93 212 213 216 216 218


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.