National Economic Recovery Program Update
NATIONAL ECONOMIC RECOVERY
CONTINUES IN QUARTER III 2022
Indonesia's economic expansion accelerates amidst
increasing global economic uncertainty
3.0
7.1
5.7
5.4
5.0 5.0
3.5
☐
☐
☐
Household consumption grew relatively high in line with the strong
purchasing power of the people, supported by the government's social
protection program and maintained inflation rates.
Government consumption in the third quarter normalized due to decreasing
COVID-19 related spending needs.
Investment grew stronger leads to the economic transformation towards a
higher value-added economy, as evidenced by the high growth in investment
in machinery and commercial vehicles.
Exports continued hit double-digit growth amidst global turmoil, supported by
strong both non-oil & gas and oil & gas exports, such as palm oil, coal and
natural gas.
From the production side, economic growth underpinned by the performance
of almost all sectors that recorded grew positively in Q3-2022, except the
Health Services sector.
(0.7)
(2.2)
(3.5)
(5.3)
10
Q1
Q2 Q3
Q4
2020
Source: Indonesia Statistics
10
Q1
Q2
22
83
Q3
2021
2020
2021
2022
Share
(% GDP) Expenditure-
Q1 Q2 Q3 Q4 FY Q1 Q2 Q3 Q4 FY Q1 Q2 Q3
50.4
HH Cons.
2.8 -5.5 -4.0 -3.6 -2.6
-2.2 6.0 1.0 3.6
2.0
4.3
5.5
5.4
7.6
Gov. Cons.
3.8 -6.9
9.8
1.8 2.0
2.5
8.1 0.6 5.2
4.2
-6.9 -4.9
-2.9
28.6
Investment
1.7 -8.6
-6.5 -6.2 -5.0
-0.2
7.5 3.8 4.5
3.8
4.1
3.1
5.0
26.2 Export
0.2 -12.4 -13.0 -6.9 -8.1
6.9
31.5 29.2 29.8 24.0 16.7
20.0 21.6
84
Q4
Q1
10
Q2
Q3
63
(21.7) Import
-5.4 -20.7 -24.5 -15.8 -16.7
4.4
31.8 29.9 29.6 23.3
15.9
12.4
23.0
2022
GDP
3.0 -5.3 -3.5 -2.2 -2.1 -0.7 7.1 3.5 5.0 3.7 5.0
5.4
5.72View entire presentation