Investor Presentaiton
Indonesia's Economic Growth Remains Solid
10,0
5,0
00
0,0
-5,0
-10,0
Strong GDP Growth ¹
%,yoy
5,17
||||||V||||||IV I II III IV |||||| IV I II
2019
2020
2021
GDP Growth Compared to Peers²
2022
2023
Economic growth in the second quarter of 2023 was
recorded at 5.17% (yoy), up from 5.04% (yoy) in the
previous period
The main sources of growth are strong domestic demand in
line with higher household and government consumption
growth, coupled with increasing investment, despite
declining export performance due to global economic
headwinds and softer international commodity prices.
All economic sectors are enjoying positive growth, with
high growth recorded in the services sector, such as
Transportation and Logistics, Accommodation and Food
Service Activities, as well as Wholesale and Retail Trade.
Spatially, most regions are recording higher growth,
particularly in the Sulawesi-Maluku-Papua region.
2023 Growth Projection *)
%,yoy
Institution
15,00
10,00
5,00
2023 Budget
Bank Indonesia
0,00
-5,00
World Bank (GEP, June 2023)
GDP growth
5.3
4.5-5.3
4.9
-10,00
Consensus Forecast (July 2023)
4.8
-15,00
2018 2019 2020 2021
2022
2023 2024*
IMF (WEO, July 2023)
5.0
50
ADB (Asian Development Bank, April 2023)
4.8
Bulgaria
Columbia
India
Indonesia
Philippines
1. Source: Central Bureau of Statistics of Indonesia (BPS), ** Including non-profit household consumption
2. Source: World Economic Outlook Database - April 2023* indicates estimated figure
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