Indonesia's Economy Ranks Second in G20

Indonesia is exhibiting impressive economic growth of 5.11%, placing it second among G20 countries, just behind India. Coordinating Minister for Economic Affairs Airlangga Hartarto announced this achievement, highlighting that despite global economic stagnation, the country maintains steady growth through robust consumption and investment.

Amidst a projected global economic stagnation of about 3%, Indonesia is showing stable progress thanks to strong household consumption and substantial investments. Household consumption rose by 4.98%, serving as the main growth driver, supported by targeted economic policies and stable prices.

Government capital expenditure, which increased by 44.2%, played a crucial role in improving economic performance, particularly during global economic downturns. The government continues to focus on food sovereignty and economic transformation, which are expected to support further growth in the long run.

Indonesia’s poverty rate has decreased to 8.25%, and unemployment has dropped to 4.74%. The government is confident that these positive trends will continue in the future, directing efforts to increase the contribution of the manufacturing and digital sectors to the economy.