Investor Presentaiton
Outlook of Domestic Economy Remains Solid
...strong economic growth projected to continue in 2023, and further accelerate in 2024 amid
global uncertainty
2023 2024 Economic Outlook
-
Bank Indonesia projects economic growth in 2023 continue to accelerate to the range of 4.5-5.3% in 2023, before accelerating
to the range 4.7-5.5% in 2024
Bank Indonesia is confident that inflation will remain under control in the 3.0%±1% target this year, and 2.5%±1% in 2024.
Bank Indonesia projects Balance of Payment (BOP) to remain sound, supported by a manageable current account maintained in
the range of a 0.4% surplus to a 0.4% deficit of GDP in 2023, and in the range of a 0.1 deficit to 0.9% deficit of GDP in 2024.
Bank Indonesia projects credit growth in 2023 will grow by 9%-11% and accelerating to 10%-12% in 2024
LOAN
元
Rp
Economic Growth
Inflation
CAD (% of GDP)
Credit Growth
2019 Realization
5.02%
2.72%
2.71%
6.08%
2020 Realization
-2.07%
1.68%
0.4%
-2.4%
2021 Realization
3.69%
1.87%
surplus 0.3%
5.24%
2022 Realization
5.31%
5.51%
surplus
1.0%
11.35%
surplus 0.4% -
2023
4.5-5.3%
3.0±1%
9-11%
deficit 0.4%
Deficit 0.1% -
2024
4.7-5.5%
2.5±1%
10-12%
Deficit 0.9%
Source Bank Indonesia
43
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