The Today's Headlines section of Indonesia Investments is a regularly updated section which contains the latest information with regard to topics that are currently causing headlines in Indonesia's media. Most of our headlines cover political, economic and social matters. As a consequence of their recent nature, these topics may not have crystallized fully yet and can, therefore, lack a profound analysis. For publications with a more in-depth understanding of subjects, we refer you to our News, Financial or Business columns.
After a six-month period of either deflation or very low inflation (all driven by easing food prices), the month of November finally brought some more significant inflation to Indonesia as we approach the end of 2024 (meaning: arrival of the festive season).
In each November edition of our monthly report we cover the new minimum wages of Indonesia (that will kick in at the start of the next year). This year we cover this topic again in our November edition, but there is a change from previous years.
It is always important to be aware of the direct (and close) link between a country’s population and national economy. A large population size, especially in combination with high growth/birth rates, implies the availability of a large workforce and strong domestic consumer market. This subsequently has a positive impact on the national economy.
Albeit still at an admirable level, Indonesia’s economic growth rate fell slightly short of expectations in the third quarter of 2024 (Q3-2024). Based on the data released by Indonesia’s Statistical Agency (Badan Pusat Statistik, BPS) on 5 November 2024, Indonesia’s gross domestic product (GDP) grew by 4.95 percent year-on-year (y/y) in Q3-2024.
