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The IMF Projects Indonesia's Economic Growth To Be 5.1% This Year

The International Monetary Fund (IMF) forecasts that Indonesia's economy will grow by 5.1 percent year-on-year (yoy) in both 2025 and 2026. This figure remains unchanged from the IMF's projections made in October 2024, as reported in the World Economic Outlook (WEO) Update of January 2025. 

According to Media Indonesia on Tuesday, January 28, 2025, the IMF anticipates a growth rate of 5 percent (yoy) for Indonesia throughout 2024, which represents a decrease of 0.5 points compared to the 2023 achievement of 5.05 percent (yoy). 

The growth figures for Indonesia in 2024 will be officially released by the Central Statistics Agency (BPS) in early February 2025. 

Regional Economic Growth Projections for Asia 

In the Asian region, the IMF projects an increase in economic growth, although it is lower than the forecasts made in October 2024. This is reflected in the downward revision of Saudi Arabia's economic growth by 1.3 points, now expected to be 3.3 percent (yoy) in 2025, due to the extension of production cuts by the Organization of the Petroleum Exporting Countries (OPEC+). 

Nevertheless, Saudi Arabia's economic growth is projected to reach 4.1 percent (yoy) in 2026. 

For China, the IMF estimates that the economy will grow by 4.6 percent (yoy) in 2025, which is an upward revision of 0.1 points from the October 2024 projection of 4.5 percent (yoy). In 2026, China's economy is expected to grow by 4.5 percent (yoy). 

As for India, the IMF's projections remain consistent with those from October 2024, forecasting a growth rate of 6.5 percent (yoy) for both 2025 and 2026. 

Tag: IMF International Monetary Fund