Is a Recession Threatening? The State of Indonesia's Macroeconomy

Economics & Macro

Lite

Viva Budy Kusnandar 18/07/2022 18:10 WIB

URL has been copied

Memuat...

The threat of economic recession is intensifying; here's a breakdown of Indonesia's macroeconomic indicators.

Indonesia's Macroeconomic Indicators (July 14, 2022*)

A Font Kecil
A Font Sedang
A Font Besar

Access single data

Is a Recession Threatening? The State of Indonesia's Macroeconomy

Want to get more access to Data Stories with a more affordable price? Subscribe.

By subscribing, you join us in presenting quality data.

Get:

Premium Data Stories access
Comfortable reading without ads
Download data in XLS, PDF, and image format
Access to data source information

Basic

~~Rp100.000~~

Rp50.000/month

Professional

~~Rp100.000~~

Rp150.000/month

Institutional For organizations

We accept the following payments:

Some payment methods are still in the process of being activated.

Indonesia's Macroeconomic Indicators (July 14, 2022*)

Download

Source

A Small Font
A Medium Font
A Bigger Font

The threat of a global economic recession is intensifying, driven by high inflation rates in many countries, including the United States.

According to a Bloomberg economist survey, Sri Lanka is the most at-risk country in the Asia-Pacific region for experiencing a recession, with an 85% probability. New Zealand follows with a 33% probability.

Indonesia, however, is assessed to have a low probability of recession, at only 3%.

Indonesia's Economic Fundamentals Remain Strong

Indonesia's economic fundamentals remain relatively strong. This is reflected in its inflation rate, which was a manageable 4.35% (year-on-year/yoy) until June 2022, significantly lower than many other countries where inflation has soared above 50%.

Bank Indonesia's (BI) benchmark interest rate (BI7DRR) remains at 3.5% to support economic recovery from the pandemic's impact.

Although the Indonesian Rupiah has depreciated, surpassing the psychological level of Rp15,000 per US dollar, the weakening has been limited and less severe than other countries' currencies.

The domestic economy remains positive, growing at 5.01% (yoy) in Q1 2022.

BI's foreign exchange reserves stood at US$136.4 billion at the end of the first half of 2022. This amount is sufficient to cover imports and government foreign debt payments for the next 6.4 months.

Indonesia's Gross Domestic Product (GDP) reached Rp4.51 quadrillion in Q1 2022, with 53.65% supported by household consumption.

This means that more than half of the national economy still originates from consumer spending. This is one of the strengths of the Indonesian economy amidst the growing threat of a global economic recession.

Debt, Trade Balance, and Government Finances Remain Stable

Indonesia's government debt reached Rp7.02 quadrillion by May 2022. While nominally large, the debt-to-GDP ratio remains manageable at 38%, significantly lower than other countries' ratios, which reach 100%.

Indonesia's trade balance with all partner countries from January to May 2022 recorded a surplus of US$24.89 billion. This surplus is mainly supported by Indonesia's position as one of the largest exporters of palm oil and coal.

Similarly, central government spending in the first five months of 2022 recorded a surplus of Rp132 trillion, or 0.74% of GDP.

In general, here is a summary of Indonesia's macroeconomic indicators:

* Inflation (June 2022): 4.35% (yoy)
* Currency Depreciation (July 14, 2022): -5.21% (ytd)
* Economic Growth (Q1 2022): 5.01% (yoy)
* Debt-to-GDP Ratio (May 2022): 38.88%
* Benchmark Interest Rate (June 2022): 3.50%
* Government Debt (May 2022): Rp7 quadrillion
* Indonesia's Foreign Debt (May 2022): US$136.4 billion
* Foreign Exchange Reserves (June 2022): US$136.4 billion
* Foreign Exchange Reserve Capacity (June 2022): 6.4 months of import cover plus foreign debt repayment

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

Related Data

KUR Disbursement Value for the Agricultural Sector in Aceh, North Sumatra, and West Sumatra

History of Indonesian Government Debt Interest Payments, 2015-2024

Impact of the Sumatra Disaster, Indonesia's GDP Could Decrease by IDR 68 Trillion

Annual Inflation in Indonesian Provinces in November 2025, Riau Highest

Indonesia's Annual Inflation Slightly Slowed in November 2025

5 Largest Monthly Inflation Contributors in Indonesia, November 2025

Latest Data Stories

Today's Weather in Purwakarta, Humidity 65-96% Demographics 08/12/2025, 22:26 WIB

Mount Semeru Erupts Again Tonight, Volcanic Ash Plume Approximately 1,000 Meters High Demographics 08/12/2025, 21:49 WIB

Weather Forecast for Batu City, May 2-13, 2025 Demographics 08/12/2025, 21:43 WIB

Number of Male Principals and Teachers in Private Vocational High Schools (SMK) from 2017-2024 Mining 08/12/2025, 20:16 WIB

10 Most Polluted Regions in Indonesia Tonight (8/12) Consumer Services & Health 08/12/2025, 19:51 WIB

Investment Value of PMD in the Chemical and Pharmaceutical Industry Sector, 2013-2023 Trade 08/12/2025, 19:29 WIB

Download

Source

Is a Recession Threatening? The State of Indonesia's Macroeconomy

Is a Recession Threatening? The State of Indonesia's Macroeconomy

Tags

Related Data

KUR Disbursement Value for the Agricultural Sector in Aceh, North Sumatra, and West Sumatra

History of Indonesian Government Debt Interest Payments, 2015-2024

Impact of the Sumatra Disaster, Indonesia's GDP Could Decrease by IDR 68 Trillion

Annual Inflation in Indonesian Provinces in November 2025, Riau Highest

Indonesia's Annual Inflation Slightly Slowed in November 2025

5 Largest Monthly Inflation Contributors in Indonesia, November 2025

Latest Data Stories

Popular Data

Is a Recession Threatening? The State of Indonesia's Macroeconomy

Is a Recession Threatening? The State of Indonesia's Macroeconomy

Tags

Related Data

KUR Disbursement Value for the Agricultural Sector in Aceh, North Sumatra, and West Sumatra

History of Indonesian Government Debt Interest Payments, 2015-2024

Impact of the Sumatra Disaster, Indonesia's GDP Could Decrease by IDR 68 Trillion

Annual Inflation in Indonesian Provinces in November 2025, Riau Highest

Indonesia's Annual Inflation Slightly Slowed in November 2025

5 Largest Monthly Inflation Contributors in Indonesia, November 2025

Latest Data Stories

Trending Topics

Popular Data