Indonesia GDP Growth Rate

Indonesia’s economy grew 4.04% qoq in Q2 2025, beating market forecasts of 3.7% and rebounding from a 0.98% fall in Q1. This was the strongest quarterly expansion since Q3 2020, amid festive activity and holiday-driven tourism. Private consumption surged (3.14% vs 0.62% in Q1), buoyed by a government stimulus package worth over IDR 24 trillion, which included cash handouts and transport subsidies. Government spending picked up sharply (21.05% vs -39.88%), as did fixed investment (4.10% vs -7.40%). On the external front, exports (4.85% vs -6.40%) and imports (9.89% vs -10.01%) recovered, contributing positively to GDP despite concerns over rising U.S. tariffs. By sector, output bounced back across mining (1.06% vs -7.42%), manufacturing (1.38% vs -0.67%), construction (0.98% vs -5.92%), wholesale and retail trade (3.12% vs 0.04%), transport (6.58% vs -0.63%), accommodation (6.43% vs -1.72%), and education (2.97% vs -8.45%). Meanwhile, growth accelerated in agriculture (13.53% vs 9.74%).