Economic Projections for 2026 of G20 Members from the OECD, What is Indonesia's Position?

The Organisation for Economic Co-operation and Development (OECD) projects global economic growth to reach 2.9% in 2026. In 2027, it is predicted to rise slightly to 3%.

Within the G20 group, India is projected to record the highest growth in 2026, at 6.1%. In 2027, its economy is forecast to rise further to 6.4%. The calculation for India is based on the fiscal year starting in April.

Below India is Indonesia, with a projection of 4.8%. In 2027, the figure is forecast to increase to 5%.

China follows Indonesia with a figure of 4.4%. Meanwhile, the G20 aggregate is predicted to grow 3%.

OECD notes that volatility in financial markets continues to rise, particularly in several Asian countries. Financial conditions have also tightened, though they remain mildly accommodative in both advanced and emerging economies. According to the organization, this reflects the impact of the United States-Israel war against Iran.

"The breadth and duration of the conflict are very uncertain, but a prolonged period of higher energy prices will add markedly to business costs and raise consumer price inflation, with adverse consequences for growth," OECD said in its report.

Prior to the escalation of the conflict, OECD assessed that global growth remained resilient, driven by strong artificial intelligence-related investment and production, as well as supportive financial and fiscal conditions.

The following is the complete list of OECD's 2026 economic growth projections:

1. India: 6.1%
2. Indonesia: 4.8%
3. China: 4.4%
4. Saudi Arabia: 4.0%
5. Türkiye: 3.3%
6. Argentina: 2.8%
7. Australia: 2.3%
8. Spain: 2.1%
9. United States: 2.0%
10. Korea: 1.7%
11. Brazil: 1.5%
12. Mexico: 1.3%
13. Canada: 1.2%
14. South Africa: 1.2%
15. Japan: 0.9%
16. Germany: 0.8%
17. France: 0.8%
18. United Kingdom: 0.7%
19. Russia: 0.6%
20. Italy: 0.4%
21. Euro Area: 0.8%
22. G20: 3.0%
23. World: 2.9%

Additional notes from OECD:

• The European Union is a full member of the G20, but the G20 aggregate only includes countries that are also members in their own right.
• Spain is a permanent invitee to the G20.

(Read: OECD Projects Indonesia's Economy to Grow Only 4.8% in 2026)