Markets Actual Q4 Q1 Q2 Q3 2023
Currency 15249.00 15321 15417 15514 15612 15808
Stock Market (points) 7065.62 6888 6739 6592 6449 6173
Government Bond 10Y (%) 7.31 7.43 7.49 7.55 7.6 7.71

Overview Actual Q4 Q1 Q2 Q3 2023
GDP Growth Rate (%) 3.72 1.55 -0.7 2.7 1.9 -1.3
GDP Annual Growth Rate (%) 5.44 3.9 4.2 4.2 4.2 5.3
Unemployment Rate (%) 5.83 5.85 5.8 5.8 5.8 5.7
Inflation Rate (%) 5.95 5.7 4.8 3.5 3 3.5
Inflation Rate MoM (%) 1.17 0.6 0.4 0.2 0.5 0.3
Interest Rate (%) 4.25 4.5 4.75 5 5 5
Balance of Trade (USD Million) 5757.00 3000 5050 4000 4000 2700
Current Account (USD Million) 3853.00 -6000 -6000 -6000 -6000 -6000
Current Account to GDP (% of GDP) 0.30 -1.7 -2 -2 -2 -2
Government Debt to GDP (% of GDP) 38.50 43 43 43 43 43
Government Budget (% of GDP) -4.65 -4 -3.5 -3.5 -3.5 -3.5
Business Confidence (points) 14.13 6 6 6 6 6
Manufacturing PMI (points) 53.70 51.6 50.5 52 52.5 53
Consumer Confidence (points) 124.70 112 112 112 112 112
Retail Sales MoM (%) -11.80 3.5 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 Q4 Q1 Q2 Q3 2023
GDP Growth Rate (%) 3.72 1.55 -0.7 2.7 1.9 -1.3
GDP Annual Growth Rate (%) 5.44 3.9 4.2 4.2 4.2 5.3
GDP (USD Billion) 1186.09 1230 1230 1230 1230 1370
GDP Constant Prices (IDR Billion) 2923675.30 2903222 2956847 2936959 3046470 3113560
Gross Fixed Capital Formation (IDR Billion) 876855.97 917823 970526 948431 913684 1021963
GDP per Capita (USD) 3855.80 4700 4700 4700 4700 4700
GDP per Capita PPP (USD) 11746.22 11750 11750 11750 11750 11750
Full Year GDP Growth (%) 3.69 5 4.5 4.5 4.5 4.5
GDP from Agriculture (IDR Billion) 90067.20 81833 51429 83740 93850 54155
GDP from Construction (IDR Billion) 267374.40 286866 299379 296533 278604 315246
GDP from Manufacturing (IDR Billion) 587497.60 596090 605614 611931 612172 637712
GDP from Mining (IDR Billion) 211507.10 218458 218322 212810 220390 229893
GDP from Services (IDR Billion) 53355.70 49738 52223 54280 55597 54991
GDP from Utilities (IDR Billion) 42522.90 40963 43654 43699 44309 45968

Labour Actual Q4 Q1 Q2 Q3 2023
Unemployment Rate (%) 5.83 5.85 5.8 5.8 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
Minimum Wages (IDR Million/Month) 4.64 4.6 4.6 4.6 4.6 4.7
Wages in Manufacturing (IDR/Month) 2849199.00 3100000 3100000 3100000 3100000 3100000
Population (Million) 272.70 275 275 275 275 275
Retirement Age Women 58.00 58 58 58 58 58
Retirement Age Men 58.00 58 58 58 58 58

Prices Actual Q4 Q1 Q2 Q3 2023
Inflation Rate (%) 5.95 5.7 4.8 3.5 3 3.5
Inflation Rate MoM (%) 1.17 0.6 0.4 0.2 0.5 0.3
Consumer Price Index CPI (points) 112.87 114 114 115 116 118
Core Consumer Prices (points) 110.62 109 110 111 112 111
Core Inflation Rate (%) 3.21 1.5 1.5 1.5 1.5 1.5
Producer Prices (points) 111.81 108 110 111 114 113
Food Inflation (%) 7.91 7.5 6.5 5 4 3.5
Producer Prices Change (%) 3.85 2 2 2 2 3
CPI Housing Utilities (points) 106.60 110 110 109 110 113
CPI Transportation (points) 119.64 120 121 121 122 122

Money Actual Q4 Q1 Q2 Q3 2023
Interest Rate (%) 4.25 4.5 4.75 5 5 5
Interbank Rate (%) 5.13 5.36 5.61 5.86 5.86 5.86
Money Supply M1 (IDR Billion) 4440300.00 4105100 3703400 3202200 3404500 3221600
Money Supply M2 (IDR Billion) 7894100.00 7822600 7792300 7754100 7762200 7662300
Foreign Exchange Reserves (USD Million) 132202.00 135597 135597 135597 135597 139570
Loans to Private Sector (IDR Billion) 5055398.00 5150867 5363309 5267725 5267725 5647564
Deposit Interest Rate (%) 3.50 3.5 3.75 4 4.25 4.25
Lending Rate (%) 5.00 5 5.25 5.5 5.75 5.75
Loan Growth (%) 10.62 5 5 5 5 5
Cash Reserve Ratio (%) 6.00 9 9 6.5 6.5 6.5

Trade Actual Q4 Q1 Q2 Q3 2023
Balance of Trade (USD Million) 5757.00 3000 5050 4000 4000 2700
Current Account (USD Million) 3853.00 -6000 -6000 -6000 -6000 -6000
Current Account to GDP (% of GDP) 0.30 -1.7 -2 -2 -2 -2
Imports (USD Million) 22150.40 14000 14000 14000 14000 14000
Exports (USD Million) 27907.40 18000 18000 18000 18000 16700
External Debt (USD Million) 403043.72 410640 410640 410640 410640 419640
Foreign Direct Investment (IDR Trillion) 163.20 150 150 150 150 160
Remittances (USD Million) 2387.76 2670 2670 2670 2670 3170
Tourist Arrivals 510200.00 750000 910000 1000000 1080000 1300000
Gold Reserves (Tonnes) 78.57 81 81 81 81 81
Crude Oil Production (BBL/D/1K) 607.00 750 750 750 750 740
Weapons Sales (SIPRI TIV Million) 9.00 25 25 25 25 25

Government Actual Q4 Q1 Q2 Q3 2023
Government Debt to GDP (% of GDP) 38.50 43 43 43 43 43
Government Budget (% of GDP) -4.65 -4 -3.5 -3.5 -3.5 -3.5
Government Budget Value (IDR Billion) -1039200.00 -800000 -800000 -800000 -800000 -500000
Government Spending (IDR Billion) 199641.49 236665 317200 157325 208026 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) 8259.30 7980 7980 7980 7980 7980

Taxes Actual Q4 Q1 Q2 Q3 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 Q4 Q1 Q2 Q3 2023
Business Confidence (points) 14.13 6 6 6 6 6
Manufacturing PMI (points) 53.70 51.6 50.5 52 52.5 53
Industrial Production (%) 0.04 -0.2 -0.2 -0.2 -0.2 -0.4
Capacity Utilization (%) 73.22 79 79 79 79 79
Car Registrations (Units) 96956.00 81000 81000 81000 81000 81000

Consumer Actual Q4 Q1 Q2 Q3 2023
Consumer Confidence (points) 124.70 112 112 112 112 112
Retail Sales MoM (%) -11.80 3.5 3.5 3.5 3.5 3.5
Retail Sales YoY (%) 6.20 5 5 5 5 5.1
Consumer Spending (IDR Billion) 1550035.00 1511980 1569562 1577029 1615136 1652749
Consumer Credit (IDR Billion) 2730534.00 2742654 2872839 2845216 2845216 3025100
Gasoline Prices (USD/Liter) 0.67 0.7 0.72 0.75 0.78 0.84
Households Debt to GDP (% of GDP) 16.90 19.5 19.5 19.5 19.5 20

Housing Actual Q4 Q1 Q2 Q3 2023
Housing Index (points) 219.82 218 218 218 218 219