Nominal GDP for Indonesia was $1,399bn in 2024, up from $1,372bn in 2023. The Indonesian population was estimated at 283.5m in 2024 according to the IMF, while China is Indonesia’s biggest trading partner.
Variables Surveyed for Indonesia
Variables covered in our monthly analysis of Indonesia include:
- Gross Domestic Product
- Household Consumption
- Gross Fixed Investment
- Manufacturing Production
- Consumer Prices
- Money Supply
- Unemployment Rate
- Merchandise Exports
- Merchandise Imports
- Trade Balance
- Current Account Balance
- Interest Rates
- Rupiah Currency Forecasts
Consensus Forecasts for Indonesia
Individual panellist forecasts are shown for each of the variables surveyed, along with the consensus (mean) forecast. The rows of forecasts are ranked by the GDP growth estimate for the current year, highest to lowest. in the PDF publication, we also show selected “comparison forecasters” including the Asian Development Bank, IMF and OECD. The example below is an illustrative historical survey snapshot from September 2022, showing how individual forecasts and the consensus are presented.
Source: Asia Pacific Consensus Forecasts, September 2022
Special Surveys
In addition to the regular surveys for the variables listed above we also undertake a number of Special Surveys for Indonesia on topics such as:- Quarterly Forecasts
- Long-Term 5 and 10 Year Forecasts
- Economic Policy Evaluation
- Real Interest Rates and Foreign Direct Investment
- Forecast Probabilities
- Forecasts of Trade and Current Account Balances
Main Data Sources for Indonesia
- Statistics Indonesia: Statistics Indonesia, is a non-departmental government institute of Indonesia that is responsible for conducting statistical surveys. Its main customer is the government, but statistical data is also available to the public.
- Bank Indonesia: In its capacity as central bank, Bank Indonesia is mandated with one overarching goal, namely to create and maintain rupiah stability. Towards that goal, Bank Indonesia is tasked with managing the Monetary sector, Payment System and Financial System Stability, which are integrated to ensure the overarching goal is achieved effectively and efficiently.
Comprehensive Forecasts Coverage
Consensus Economics has collected forecasts for more than 30 years, building up a comprehensive catalogue of historical forecasts data. Please enquire at editors@consensuseconomics.com should you wish to find out more about these data offerings, pricing and the different platforms by which you can access them.Explore forecasts across Asia Pacific
Alongside this country forecast, explore the other economies covered by our Asia Pacific forecast publication.