Markets Actual Q3 Q4 Q1 Q2 2022
Currency 14340.00 14515 14570 14625 14681 14793
Stock Market (points) 6130.57 5901 5737 5578 5423 5126
Government Bond 10Y (%) 6.28 6.36 6.41 6.47 6.52 6.64

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) -0.96 2.5 -1.5 -0.5 4 -1.6
GDP Annual Growth Rate (%) -0.74 4.3 3.5 4.5 4 5
Unemployment Rate (%) 6.26 6 5.8 5.7 5.7 5.7
Inflation Rate (%) 1.52 2.3 3 2.8 3.5 3
Inflation Rate Mom (%) 0.08 0.8 0.3 0.2 0.2 0.5
Interest Rate (%) 3.50 3.5 3.5 3.5 3.5 4
Balance of Trade (USD Million) 1316.40 2600 300 3200 5000 2700
Current Account (USD Million) -997.00 -5500 -6000 -5500 -5500 -6000
Current Account to GDP (% of GDP) -0.44 -1.5 -1.5 -2 -2 -2
Government Debt to GDP (% of GDP) 38.50 42 42 43 43 43
Government Budget (% of GDP) -6.50 -5.7 -5.7 -4.5 -4.5 -4.5
Business Confidence (points) 102.90 108 105 107 110 105
Manufacturing PMI (points) 40.10 53 51 52 52 51
Consumer Confidence (points) 107.40 100 100 105 100 112
Retail Sales MoM (%) 3.20 3.5 5 2.5 3 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 Q3 Q4 Q1 Q2 2022
GDP Growth Rate (%) -0.96 2.5 -1.5 -0.5 4 -1.6
GDP Annual Growth Rate (%) -0.74 4.3 3.5 4.5 4 5
GDP (USD Billion) 1058.42 1150 1150 1270 1270 1270
GDP Constant Prices (IDR Billion) 2683111.60 2837536 2803812 2803852 2790436 2944003
Gross Fixed Capital Formation (IDR Billion) 874340.97 894996 925379 913686 909315 971648
GDP per capita (USD) 4312.35 4450 4450 4700 4700 4700
GDP per capita PPP (USD) 11444.96 10840 10840 10840 10840 11750
GDP From Agriculture (IDR Billion) 79203.70 87960 52178 82768 82372 54786
GDP From Construction (IDR Billion) 271471.40 279481 286998 283688 282330 301348
GDP From Manufacturing (IDR Billion) 558907.50 581784 574972 584058 581264 603720
GDP From Mining (IDR Billion) 196726.10 205048 206829 205579 204595 217170
GDP From Services (IDR Billion) 49162.90 50616 51561 51375 51129 54139
GDP From Utilities (IDR Billion) 38708.70 40054 39745 40451 40257 41732

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 6.26 6 5.8 5.7 5.7 5.7
Employed Persons 128454184.00 129165517 129165517 132166325 132166325 132166325
Unemployed Persons 9767754.00 9572398 9572398 9154473 9154473 9154473
Labor Force Participation Rate (%) 67.77 68 68 69 69 69
Wages in Manufacturing (IDR/Month) 2876184.70 3100000 3100000 3100000 3100000 3100000
Minimum Wages (IDR Million/Month) 4.42 4.42 4.42 4.6 4.6 4.6
Population (Million) 270.20 272 273 275 275 275
Retirement Age Women 57.00 58 58 58 58 58
Retirement Age Men 57.00 58 58 58 58 58

Prices Actual Q3 Q4 Q1 Q2 2022
Inflation Rate (%) 1.52 2.3 3 2.8 3.5 3
Inflation Rate Mom (%) 0.08 0.8 0.3 0.2 0.2 0.5
Consumer Price Index CPI (points) 106.54 107 109 109 110 112
Core Consumer Prices (points) 106.82 107 107 108 108 109
Core Inflation Rate (%) 1.40 1.2 1.4 1.6 1.5 1.5
Producer Prices (points) 106.16 107 194 107 108 112
Food Inflation (%) 2.74 3.7 3.5 2.1 2 3.5
Producer Prices Change (%) 2.53 2.5 2.5 2.1 2 5
CPI Housing Utilities (points) 103.17 105 106 106 107 109
CPI Transportation (points) 103.11 105 106 106 107 109

Money Actual Q3 Q4 Q1 Q2 2022
Interest Rate (%) 3.50 3.5 3.5 3.5 3.5 4
Interbank Rate (%) 3.75 3.75 3.75 3.75 3.75 3.75
Money Supply M2 (IDR Billion) 7119600.00 6753165 7060815 7082350 7082350 7524264
Foreign Exchange Reserves (USD Million) 137093.00 133680 136064 138447 140678 135597
Loans to Private Sector (IDR Billion) 4844433.00 5053092 5007669 5056003 5038210 5258053
Deposit Interest Rate (%) 2.75 2.75 2.75 2.75 2.75 2.75
Lending Rate (%) 4.25 4.25 4.25 4.25 4.25 4.25
Loan Growth (%) 0.60 1.5 3 4.5 3 5
Cash Reserve Ratio (%) 3.00 3 3 3 3 5

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (USD Million) 1316.40 2600 300 3200 5000 2700
Current Account (USD Million) -997.00 -5500 -6000 -5500 -5500 -6000
Current Account to GDP (% of GDP) -0.44 -1.5 -1.5 -2 -2 -2
Imports (USD Million) 17229.00 13300 14000 12500 11000 14000
Exports (USD Million) 18545.40 15900 16100 15700 16000 16700
External Debt (USD Million) 415626.58 403620 406435 405366 400000 410640
Foreign Direct Investment (IDR Trillion) 116.80 110 100 150 150 100
Remittances (USD Million) 2259.79 2450 2553 2650 2700 2670
Tourist Arrivals 155607.00 500000 700000 800000 900000 1000000
Gold Reserves (Tonnes) 78.57 80 80 81 81 81
Crude Oil Production (BBL/D/1K) 680.00 750 750 800 800 800
Weapons Sales (SIPRI TIV Million) 9.00 15 15 25 25 25

Government Actual Q3 Q4 Q1 Q2 2022
Government Debt to GDP (% of GDP) 38.50 42 42 43 43 43
Government Budget (% of GDP) -6.50 -5.7 -5.7 -4.5 -4.5 -4.5
Government Budget Value (IDR Billion) -1039200.00 -850000 -850000 -800000 -800000 -800000
Government Spending (IDR Billion) 164256.60 237834 300112 171648 170827 315118
Government Revenues (IDR Billion) 169900.00 1530000 1530000 1530000 1530000 1530000
Fiscal Expenditure (IDR Billion) 2739200.00 2530000 2530000 2330000 2330000 2330000
Military Expenditure (USD Million) 9488.00 7980 7980 7980 7980 7980

Taxes Actual Q3 Q4 Q1 Q2 2022
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 Q3 Q4 Q1 Q2 2022
Business Confidence (points) 102.90 108 105 107 110 105
Manufacturing PMI (points) 40.10 53 51 52 52 51
Industrial Production (%) 2.00 5.5 6.6 3.5 2 6.6
Industrial Production Mom (%) -3.60 1.5 1.5 1.5 1 1.8
Capacity Utilization (%) 75.33 75.5 76 77 78 79
Car Registrations 72270.00 66000 75000 80000 50000 81000

Consumer Actual Q3 Q4 Q1 Q2 2022
Consumer Confidence (points) 107.40 100 100 105 100 112
Retail Sales MoM (%) 3.20 3.5 5 2.5 3 3.5
Retail Sales YoY (%) 14.70 15.5 16.1 10.5 6 5.1
Consumer Spending (IDR Billion) 1450299.50 1514121 1509823 1515563 1508311 1585314
Consumer Credit (IDR Billion) 2593280.00 2637999 2645506 2694523 2697011 2777781
Gasoline Prices (USD/Liter) 0.53 0.5 0.48 0.46 0.43 0.41
Households Debt To GDP (% of GDP) 17.80 18.5 18.6 19 19.1 19.5

Housing Actual Q3 Q4 Q1 Q2 2022
Housing Index (points) 214.79 217 218 218 218 218


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.