Below is a list with tagged columns and company profiles.
Latest Reports Household Consumption
On Tuesday (4 November 2025) Indonesia Investments released the October 2025 edition of its monthly report. This edition offers in-depth analyses of a selection of topics that we feel (can) impact the investment environment of Indonesia.
For (potential) investors or business-owners it’s important to understand the socio-economic conditions of a country to optimize chances of success when pursuing an investment project. Among the crucial matters is the expenditure and consumption patterns of the people as these data can help to give insight into whether households have the financial resources at their disposal to buy specific products or services.
A survey that was recently conducted by Snapcart, titled 'Hooked on Happiness: Products Indonesians Can't Quit", identifies several products and habits that have become deeply ingrained in the daily lives of Indonesian consumers. It is interesting to take a closer look at this.
Indonesia's economic growth in the second quarter of 2025 (Q2-2025) significantly exceeded our projection. While our projection was set in the range of 4.7-4.9 percent year-on-year (y/y), Indonesia’s Statistical Agency (BPS) reported on 5 August 2025 that the official growth rate was 5.12 percent (y/y) in Q2-2025.
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.
In another article (available in this monthly report) we present a detailed analysis of Indonesia’s economic growth in Q2-2024 (which came in at 5.05 percent year-on-year), based on the gross domestic product data that were released by the Statistical Agency (Badan Pusat Statistik, BPS) in early August 2024.
The macroeconomic data that were released by Indonesia’s Statistical Agency (BPS) on Monday 6 May 2024 were largely in line with our expectations. BPS announced that the nation’s gross domestic product (GDP) growth was recorded at 5.11 percent year-on-year (y/y) in Q1-2024, which is within our projection of 5.1–5.2 percent.
The macroeconomic data that were released by Indonesia’s Statistical Agency (BPS) on Monday 5 February 2024 were largely in line with expectations. However, there is some room for concern as Indonesia’s household consumption wasn’t as strong as we hoped it to be amid the festive season (Christmas and New Year celebrations).
On Monday 5 February 2024, Indonesia's Statistical Office (in Indonesian: Badan Pusat Statistik, BPS) released the Q4-2023 gross domestic product (GDP) data of Indonesia. What does it reveal?
While we had hoped to see Indonesia’s gross domestic product (or GDP) growth rate at 5.0 percent year-on-year (y/y) in the third quarter of 2023 (Q3-2023), it was not a real surprise to see the growth rate fall slightly below that level.
Latest Columns Household Consumption
In line with expectations, the economic growth rate of Indonesia was recorded at the level of 5.04 percent year-on-year (y/y) in the third quarter of 2025. This is a good result as it slightly exceeded analyst expectations (in our case, we had projected a 5 percent y/y growth rate), and was also a faster growth pace than the one recorded by Indonesia in the same quarter one year earlier (4.95 percent y/y).
The economic growth rate of Indonesia in the first quarter of 2025 (Q1-2025) came in slightly below our projection of 4.9 – 5.0 percent year-on-year (y/y). But, indeed, we had already detected a (general) weakening in internal and external conditions, which was reflected in the macroeconomic data of Indonesia that we discussed in our April 2025 report. And so, it was certainly not a shock.
Indonesia’s economic growth in the fourth quarter of 2024 was slightly better than we had anticipated. Just prior to the release of Indonesia’s gross domestic product (GDP) data on 5 February 2025 (by Badan Pusat Statistik, BPS), we revised our outlook for Indonesia’s Q4-2024 economic growth from 5.0 percent year-on-year (y/y) to the range of 4.9–5.0 percent (y/y) due to a number of weaker-than-estimated macroeconomic data.
Indonesia’s economic growth in the second quarter of 2024 (Q2-2024) was good, although slightly below our projection of 5.1 percent year-on-year (y/y). According to the latest gross domestic product (GDP) data, which were released by Indonesia’s Statistical Agency (in Indonesian: Badan Pusat Statistik, BPS) on 5 August 2024, the Indonesian economy expanded by 5.05 percent (y/y) in Q2-2024.
Before we take a look at the latest macroeconomic data from Indonesia, first there is some good news to share as both the Organization for Economic Cooperation and Development (OECD) and Asian Development Bank (ADB) decided to revise up their projections for the Indonesian economy in 2023.
As usual, we take a look at a number of macroeconomic indicators to assess the state of the Indonesian economy ahead of the release of Q2-2023 gross domestic product (GDP) data (we expect Indonesia’s Statistical Agency, or BPS, to release the data in the second week of August 2023).
On 5 May 2023, Indonesia’s Statistical Agency (Badan Pusat Statistik, BPS) released the latest official Gross Domestic Product (GDP) data of Indonesia. BPS announced that the Indonesian economy expanded by 5.03 percent year-on-year (y/y) in Q1-2023, a good result that is in line with our expectations.
On 06 February 2023, Indonesia’s Statistical Agency (Badan Pusat Statistik, or BPS) released the latest official gross domestic product (GDP) data of Indonesia. The data were in line with expectations.
Indonesian Finance Minister Sri Mulyani Indrawati said she expects to see a sharper economic growth rate in the first quarter of 2023 (Q1-2023) than the 5.02 percent year-on-year (y/y) growth that was recorded in the same quarter one year earlier.
Before turning our attention to the economy of Indonesia, it is important to take a closer look at the global economy first. Fortunately, the Organization for Economic Cooperation and Development (OECD) just released a new update (called the OECD Economic Outlook, Interim Report September 2022) and so it’s certainly worthwhile to take a look at its conclusions.
