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Indonesia

Upper middle income · Population 283,487,931.00 · GDP 1,396,300,098,190.97
HistorySaid – pattern

Indonesia matched the Export Boom Cycle pattern in 2011. 12 pattern matches detected historically. View →

HistorySaid – ranking

Indonesia ranks 175th globally by GDP ($1.40T in 2024). View →

HistorySaid – inflation

Inflation in Indonesia fell from 3.7% (2023) to 2.2% (2024) – a 1.5pp shift. View →

HistorySaid – population

Indonesia has a population of 283.5 million as of 2024 (growth: 0.82%). View →

Economy & Growth
GDP $1.40T GDP per Capita $4,925 GDP Growth 5.03%
Indicator 2022 2023 2024 2025 2026 2027 2028 2029 2030
Agriculture Value Added 12.40% 12.53% 12.61% 12.02% Trend 11.73% Trend 11.44% Trend
GDP $1.32T $1.37T $1.40T $1.44T IMF WEO Oct 2025 $1.55T IMF WEO Oct 2025 $1.66T IMF WEO Oct 2025 $1.79T IMF WEO Oct 2025 $1.93T IMF WEO Oct 2025 $2.08T IMF WEO Oct 2025
GDP Deflator 9.57% 1.53% 0.89% 2.95% Trend 2.76% Trend 2.58% Trend
GDP Growth 5.31% 5.05% 5.03% 4.86% IMF WEO Oct 2025 4.94% IMF WEO Oct 2025 4.96% IMF WEO Oct 2025 4.96% IMF WEO Oct 2025 5.11% IMF WEO Oct 2025 5.14% IMF WEO Oct 2025
GDP PPP $3.98T $4.33T $4.66T $5.02T IMF WEO Oct 2025 $5.36T IMF WEO Oct 2025 $5.72T IMF WEO Oct 2025 $6.10T IMF WEO Oct 2025 $6.52T IMF WEO Oct 2025 $6.99T IMF WEO Oct 2025
GDP per Capita $4,731 $4,876 $4,925 $5,074 IMF WEO Oct 2025 $5,398 IMF WEO Oct 2025 $5,736 IMF WEO Oct 2025 $6,122 IMF WEO Oct 2025 $6,540 IMF WEO Oct 2025 $6,990 IMF WEO Oct 2025
GDP per Capita PPP $14,285 $15,416 $16,448 $17,634 IMF WEO Oct 2025 $18,657 IMF WEO Oct 2025 $19,727 IMF WEO Oct 2025 $20,854 IMF WEO Oct 2025 $22,113 IMF WEO Oct 2025 $23,492 IMF WEO Oct 2025
GNI $1.28T $1.33T $1.36T $1.48T Trend $1.57T Trend $1.65T Trend
GNI per Capita $4,520 $4,810 $4,910 $5,284 Trend $5,564 Trend $5,844 Trend
Gross Savings 37.00% 35.87% 34.65% 30.19% IMF WEO Oct 2025 30.02% IMF WEO Oct 2025 30.02% IMF WEO Oct 2025 30.16% IMF WEO Oct 2025 30.28% IMF WEO Oct 2025 30.37% IMF WEO Oct 2025
Industry Value Added 41.43% 40.22% 39.32% 40.57% Trend 40.82% Trend 41.07% Trend
Services Value Added 41.79% 42.88% 43.77% 42.77% Trend 42.65% Trend 42.52% Trend
Italic values are IMF World Economic Outlook projections.
Prices & Inflation
Inflation Rate 2.18% Consumer Price Index 172.74 PPP Conversion Factor 4,747.91
Indicator 2022 2023 2024 2025 2026 2027 2028 2029 2030
Consumer Price Index 163.07 169.05 172.74 178.05 Trend 183.04 Trend 188.03 Trend
Inflation Rate 4.21% 3.67% 2.18% 1.84% IMF WEO Oct 2025 2.91% IMF WEO Oct 2025 2.52% IMF WEO Oct 2025 2.52% IMF WEO Oct 2025 2.52% IMF WEO Oct 2025 2.52% IMF WEO Oct 2025
PPP Conversion Factor 4,917.92 4,819.74 4,747.91 4,794.54 Trend 4,787.05 Trend 4,779.56 Trend
Italic values are IMF World Economic Outlook projections.
Population
Population 283.5M Population Growth 0.81% Population Density 148.6
Indicator 2023 2024 2025 2025 2026 2027 2028
Birth Rate 15.9 15.5 Trend 15.2 Trend
Death Rate 7.5 7.7 Trend 7.6 Trend
Dependency Ratio 47.02 46.81 46.45 Trend 46.14 Trend 45.84 Trend
Fertility Rate 2.13 2.09 Trend 2.07 Trend
Life Expectancy 71.1 71.2 Trend 71.6 Trend
Net Migration -37,501 -38,469 -39,509 -50,093 Trend -55,842 Trend -61,591 Trend
Population 281.2M 283.5M 285.5M Trend 287.7M Trend 289.9M Trend
Population Density 148.6 149.9 Trend 150.7 Trend
Population Growth 0.84% 0.81% 0.81% Trend 0.82% Trend 0.82% Trend
Refugee Population
Urban Population 58.12% 58.75% 59.36% Trend 59.98% Trend 60.60% Trend
Italic values are IMF World Economic Outlook projections.
Employment
Unemployment Rate 3.24% Youth Unemployment 12.98% Labor Force Participation 67.97%
Indicator 2023 2024 2025 2025 2026 2027 2028 2029 2030
Agriculture Employment 28.78% 27.96% 27.30% 27.05% Trend 26.58% Trend 26.11% Trend
Female Labor Participation 53.49% 53.59% 53.72% 54.38% Trend 54.82% Trend 55.25% Trend
Industry Employment 21.95% 22.29% 22.53% 22.67% Trend 22.86% Trend 23.06% Trend
Labor Force Participation 67.90% 67.93% 67.97% 68.87% Trend 69.38% Trend 69.89% Trend
Services Employment 49.27% 49.75% 50.17% 50.28% Trend 50.56% Trend 50.83% Trend
Unemployment Rate 3.31% 3.30% 3.24% 5.00% IMF WEO Oct 2025 5.00% IMF WEO Oct 2025 5.00% IMF WEO Oct 2025 5.00% IMF WEO Oct 2025 5.00% IMF WEO Oct 2025 5.00% IMF WEO Oct 2025
Youth Unemployment 13.02% 13.08% 12.98% 12.60% Trend 12.33% Trend 12.07% Trend
Italic values are IMF World Economic Outlook projections.
Government
Tax Revenue 11.06% Government Spending 15.37% Military Spending 0.78%
Indicator 2022 2023 2024 2025 2026 2027 2028 2029 2030
Budget Deficit -2.31% -1.64% -2.30% -2.79% IMF WEO Oct 2025 -2.72% IMF WEO Oct 2025 -2.73% IMF WEO Oct 2025 -2.72% IMF WEO Oct 2025 -2.72% IMF WEO Oct 2025 -2.69% IMF WEO Oct 2025
Education Spending
Government Debt to GDP 40.14% 39.60% 40.17% 40.83% IMF WEO Oct 2025 41.14% IMF WEO Oct 2025 41.35% IMF WEO Oct 2025 41.50% IMF WEO Oct 2025 41.54% IMF WEO Oct 2025 41.53% IMF WEO Oct 2025
Government Revenue 14.95% 15.00% 14.55% 13.73% IMF WEO Oct 2025 13.86% IMF WEO Oct 2025 13.96% IMF WEO Oct 2025 14.08% IMF WEO Oct 2025 14.19% IMF WEO Oct 2025 14.29% IMF WEO Oct 2025
Government Spending
Health Spending 2.69% 2.70% 2.65% Trend 2.54% Trend
Military Spending 0.77% 0.82% 0.78% 0.76% Trend 0.75% Trend 0.73% Trend
Tax Revenue
Italic values are IMF World Economic Outlook projections.
Debt
External Debt $421.1B External Debt to GNI 30.97% Short-term Debt 15.47%
Indicator 2022 2023 2024 2025 2026 2027
Debt Service 23.33% 20.28% 24.69% 17.21% Trend 14.19% Trend 11.17% Trend
Domestic Credit 51.13% 50.37% 50.10% 48.58% Trend 47.46% Trend 46.35% Trend
External Debt $396.0B $399.6B $421.1B $407.3B Trend $406.2B Trend $405.2B Trend
External Debt to GNI 30.85% 29.94% 30.97% 26.10% Trend 23.57% Trend 21.04% Trend
Interest Payments to Revenue
Short-term Debt 12.13% 12.63% 15.47% 15.71% Trend 16.80% Trend 17.89% Trend
Italic values are IMF World Economic Outlook projections.
Money
Lending Rate 8.80% Deposit Rate 5.43% Real Interest Rate 7.83%
Indicator 2022 2023 2024 2025 2026 2027
Credit to GDP 35.29% 36.01% 36.39% 35.01% Trend 34.45% Trend 33.90% Trend
Deposit Rate 3.21% 4.63% 5.43% 4.73% Trend 4.81% Trend 4.89% Trend
Lending Rate 8.52% 8.93% 8.80% 8.49% Trend 8.34% Trend 8.20% Trend
M2 Money Supply Growth 8.35% 3.50% 4.76% 0.82% Trend -1.78% Trend -4.38% Trend
Non-Performing Loans 2.15% 1.96% 1.84% Trend 1.71% Trend
Real Interest Rate -0.96% 7.29% 7.83% 5.45% Trend 5.47% Trend 5.49% Trend
Italic values are IMF World Economic Outlook projections.
Currency
Exchange Rate 15,855.45 Real Effective Exchange Rate 92.06 Foreign Reserves $155.7B
Indicator 2024 2025 2026 2025 2026 2027 2028 2029
Exchange Rate 15,855.45 16,009.08 Trend 16,356.60 Trend 16,704.12 Trend
Foreign Reserves $155.7B $156.3B Trend $160.4B Trend $164.5B Trend
Real Effective Exchange Rate 100.09 95.33 92.06 90.59 Trend 88.08 Trend 85.56 Trend
Reserves in Months of Imports 5.7 4.4 Trend 3.8 Trend 3.2 Trend
Italic values are IMF World Economic Outlook projections.
Trade
Exports $302.1B Imports $280.8B Trade Balance $25.0B
Indicator 2022 2023 2024 2025 2026 2027 2028 2029 2030
Current Account Balance 1.00% -0.15% -0.62% -1.05% IMF WEO Oct 2025 -1.21% IMF WEO Oct 2025 -1.24% IMF WEO Oct 2025 -1.14% IMF WEO Oct 2025 -1.09% IMF WEO Oct 2025 -1.07% IMF WEO Oct 2025
Exports $315.7B $291.3B $302.1B $354.4B Trend $383.6B Trend $412.8B Trend
FDI Inflows 1.87% 1.57% 1.74% 1.65% Trend 1.61% Trend 1.57% Trend
FDI Outflows 0.50% 0.52% 0.60% 0.62% Trend 0.66% Trend 0.71% Trend
Imports $273.0B $262.7B $280.8B $324.9B Trend $353.6B Trend $382.3B Trend
Remittances Received $13.1B $14.5B $16.0B $17.9B Trend $19.7B Trend $21.4B Trend
Tourism Receipts
Trade Balance $46.7B $29.8B $25.0B $34.0B Trend $35.3B Trend $36.6B Trend
Trade Openness 45.46% 41.34% 42.57% 46.61% Trend 48.64% Trend 50.68% Trend
Italic values are IMF World Economic Outlook projections.
Financial Markets
Market Capitalization 55.30% Stock Turnover Ratio 18.54% Listed Companies 903
Indicator 2022 2023 2024 2025 2026 2027
Interest Rate Spread 5.31% 4.29% 3.37% 3.76% Trend 3.53% Trend 3.30% Trend
Listed Companies 825 903 1,008 Trend 1,066 Trend
Market Capitalization 46.27% 55.30% 55.39% Trend 57.04% Trend
Stock Turnover Ratio 31.93% 18.54% 25.90% Trend 25.65% Trend
Italic values are IMF World Economic Outlook projections.
Political Stability
Political Stability -0.40 Government Effectiveness 0.58 Regulatory Quality 0.30
Indicator 2021 2022 2023 2025 2026
Control of Corruption -0.45 -0.44 -0.49 -0.46 Trend -0.46 Trend
Government Effectiveness 0.35 0.44 0.58 0.76 Trend 0.86 Trend
Political Stability -0.53 -0.55 -0.40 -0.45 Trend -0.44 Trend
Regulatory Quality 0.29 0.21 0.30 0.42 Trend 0.48 Trend
Rule of Law -0.25 -0.19 -0.15 -0.04 Trend 0.02 Trend
Voice and Accountability 0.15 0.14 0.14 0.16 Trend 0.16 Trend
Italic values are IMF World Economic Outlook projections.
Health
Health Expenditure per Capita $132 Infant Mortality Rate 17.0 Maternal Mortality Ratio 140.00
Indicator 2021 2022 2023 2025 2026
Health Expenditure per Capita $159 $127 $132 $143 Trend $145 Trend
Hospital Beds 1.34 1.40 1.37 1.51 Trend 1.55 Trend
Infant Mortality Rate 18.0 17.5 17.0 15.8 Trend 15.2 Trend
Maternal Mortality Ratio 226.00 148.00 140.00 140.60 Trend 132.80 Trend
Physicians 0.69 0.68 0.52 0.67 Trend 0.69 Trend
Italic values are IMF World Economic Outlook projections.
Education
Literacy Rate 96.00% Tertiary Enrollment 44.88% Education Spending 1.28%
Indicator 2023 2024 2025 2025 2026 2027 2028
Education Spending 1.28% 1.22% Trend 1.27% Trend
Literacy Rate
Primary Enrollment 98.16% 100.04% 100.37% 99.95% Trend 100.10% Trend 100.24% Trend
Tertiary Enrollment 44.88% 48.38% Trend 50.30% Trend
Italic values are IMF World Economic Outlook projections.
Energy
Renewable Energy 20.20%
Indicator 2021 2022 2023 2025 2026
CO2 Emissions
CO2 per Capita
Electricity Access 99.20% 100.00% 99.40% 100.50% Trend 100.90% Trend
Energy Use per Capita 897 954 977 1,052 Trend 1,089 Trend
Forest Area 48.36% 48.04% 47.72% 46.77% Trend 46.33% Trend
Renewable Energy 20.20%
Italic values are IMF World Economic Outlook projections.
Technology
Internet Users 72.78% Mobile Subscriptions 125.24 R&D Spending 0.28%
Indicator 2022 2023 2024 2025 2026 2027
High-tech Exports 8.31% 9.08% 8.71% 9.08% Trend 9.33% Trend 9.57% Trend
Internet Users 66.48% 69.21% 72.78% 78.42% Trend 82.95% Trend 87.47% Trend
Mobile Subscriptions 122.87 125.24 124.37 Trend 123.72 Trend
Patent Applications
R&D Spending
Italic values are IMF World Economic Outlook projections.
Inequality
Gini Index 34.9 Poverty Rate 5.40% Income Share Top 10% 28.80%
Indicator 2022 2023 2024 2025 2026 2027
Gini Index 35.5 36.1 34.9 35.4 Trend 35.4 Trend 35.4 Trend
Income Share Bottom 10% 3.30% 3.30% 3.50% 3.51% Trend 3.58% Trend 3.65% Trend
Income Share Top 10% 29.00% 29.90% 28.80% 29.80% Trend 30.14% Trend 30.48% Trend
Poverty Rate 7.90% 6.70% 5.40% 4.47% Trend 3.40% Trend 2.33% Trend
Italic values are IMF World Economic Outlook projections.