COVID-19 (coronavirus) has taken a heavy economic and human toll globally and in Indonesia. According to official statistics, over 3.8 million people have died from COVID as of May 2021. The global economy experienced one of the most severe recessions, shrinking by 3.5 percent in 2020 compared...

Commodity windfalls and private consumption have sustained Indonesia's growth despite a difficult global environment, but signs of normalizing domestic demand are emerging. Inflation is easing at a faster pace than markets anticipated. Indonesia's external vulnerabilities remain moderate. The...

The Indonesia Economic Quarterly (IEQ) has two main aims. First, it reports on the key developments over the past three months in Indonesia's economy, and places these in a longerterm and global context. Based on these developments, and on policy changes over the period, the IEQ regularly...

The country benefited from the improved external demand in 2017. Global growth is estimated to have picked up in 2017 to 3.0 percent from 2.4 percent in 2016, reflecting gradual recovery in the euro area, China, emerging Europe, and Russia as commodity prices and financial markets continued to...

Real GDP growth picked up to 5.2 percent yoy in Q4 from 5.1 percent in Q3, driven by higher domestic demand, in particular stronger investment. Private consumption growth also strengthened marginally, partly due to consumer price inflation easing in Q4. Export and import growth moderated from a...

Indonesia's real gross domestic product (GDP) expanded by 5.0 percent yoy in Q2 2017, unchanged from Q1. Growth rates have been steady at around 5 percent since Q1 2014, lower than those recorded at the beginning of the decade. While this growth rate places Indonesia among the fastest-growing...

The Indonesian economy strengthened modestly in third quarter(Q3). Economic growth was supported by higher commodity prices, stronger global growth, rebounding international trade, and relatively accommodative monetary and financial conditions. At the same time, domestic conditions improved,...

This edition includes a focus topic that discusses how 15 years of education reforms have helped to improve education outcomes and human capital in Indonesia, and what challenges remain. The outcomes from 15 years of educational reform have been mixed, with a significant expansion inaccess, but...

Real GDP grew 5.3 percent in the second quarter of 2018 from the previous year, as domestic demand strengthened. Private and government consumption accelerated thanks to higher subsidy and personnelspending, a pick-up in credit growth, higher agricultural incomes, and stable inflation. Strong...

In the first half of 2009, Indonesia's economy has established a solid recovery from late last year. Quarterly growth has accelerated since the start of 2009, after stalling in the final quarter of 2008, although the year-on-year growth rate has continued to slow, recording 4.0 per cent in the...