2022Economic Update ReportsIndonesia Update Reports

Indonesia hit 9-year high with a 5.31% GDP growth in 2022, beating the preceding year’s 3.71%

By 24 February, 2023May 8th, 2023No Comments

Indonesia Q4

Fueled by strong domestic purchasing power and booming exports, Indonesia’s GDP continue to outpace the previous year with 5.31% YoY growth, similar to the World Bank and IMF’s forecasts at 5.2% and 5.3% respectively. However, commodity prices’ bleak prediction and an expected economic downturn still casts an uncertain future in 2023.

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