Nominal GDP for Indonesia was Rp16,971tn in 2021, down from Rp15,434tn in 2020. The Indonesian population was estimated at 273.8m in 2021 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
  • Non-Oil and Gas Exports
  • 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 hard copy and pdf version of the publication, we also show selected “comparison forecasters” including the Asian Development Bank, IMF and OECD. The table below shows a small example set of forecasts for GDP growth and Consumer Prices (CPI), taken from our survey of September 2022.

Source: Asia Pacific Conensus 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:

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 should you wish to find out more about these data offerings, pricing and the different platforms by which you can access them.