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Indonesia

Macroeconomy

Markets

Geostrategy

Key Indicators

Discount Rate
Percent Per Annum - Indonesia
6.41, 6.27, 6.2, 6.3, 6.26 6.26
Cpi % Change
Indonesia
3.91, 4.16, 5.05, 6.22, 6.44 6.44
Exchange Rate
Indonesian Rupiah Per U.S. Dollar - Period Average - Indonesia
9225.5, 9153, 9174.31, 8987.8, 8975.8 8,975.8
BOP
Current Account, Balance, Mil USD - Indonesia
2068, 1834, 1308, 1224, 1926 1,926
BOP
Current Account, Exports,FOB, Oil and Gas, Mil USD - Indonesia
6754, 6482, 6954, 6723, 7744 7,744
International Reserves
Foreign Currency Reserves, USD - Indonesia
72759, 68730, 70401, 72952, 75325 75,325
IDN GDP
Constant Prices, Growth rate same period previous year, SA, % - Indonesia
5.45, 5.71, 6.16, 5.79, 6.87 6.87
Indonesia Benchmark Bond
5 Year - Yield
6.89, 6.89, 6.89, 6.78, 6.68 6.68
data by Factset

Indonesia Outlook: Not Quite Superman

Exports have emerged as a major growth driver for Indonesia in recent quarters, which has rendered the economy more vulnerable to a global growth slowdown than was the case in 2008-09. Investment growth in particular has been disappointing and is unlikely to get much better in the near term, given weakening growth in developed markets (DMs) and the failure of both parliament and the government to improve investment conditions, notably for infrastructure. Bank Indonesia will continue to support growth through financial market stabilization efforts and easier monetary policy.

Read the latest Indonesia Outlook

Economic Research

Asia Weekly

China Inflation and Trade; Philippines Inflation; Indonesia Monetary Policy

By Ayoti Mittra, Adam Wolfe and Michael Manetta Feb 2, 2012

Asia Weekly

South Korea Inflation; Malaysia Monetary Policy; Indonesia GDP and Inflation

By Michael Manetta, Adam Wolfe and Ayoti Mittra Jan 26, 2012

Central Bank Watch

Bank Indonesia: December Update

By Michael Manetta Dec 15, 2011

Asia Weekly

South Korea, Indonesia and Australia Outlook Highlights

By Michael Manetta and Adam Wolfe Dec 15, 2011

Global Economic Outlook

Asia Outlook: The World Is Not Enough

By Adam Wolfe, Michael Manetta, Ayoti Mittra and Kunal Kumar Kundu Dec 9, 2011

Global Economic Outlook

Indonesia Outlook: Not Quite Superman

By Michael Manetta Dec 7, 2011

Asia Weekly

China Inflation and Industrial Production; Indonesia Monetary Policy

By Michael Manetta and Adam Wolfe Dec 1, 2011

Central Bank Watch

Overview: The Next Cycle

By Michael Manetta Nov 17, 2011

Central Bank Watch

Bank Indonesia: November Update

By Michael Manetta Nov 17, 2011

Asia Weekly

China Inflation and IP; Indonesia GDP and Monetary Policy; Malaysia IP and Monetary Policy

By Michael Manetta, Adam Wolfe and Ayoti Mittra Nov 3, 2011

Central Bank Watch

Pulling Out Policy Rabbits, Putting Policy Ducks in a Row

By Michael Manetta and the RGE Economic Research Team Oct 4, 2011

Global Economic Outlook

Indonesia Outlook Update: Warm Up the Chopping Block

By Michael Manetta Sep 30, 2011

Asia Weekly

Indonesia and Australia Monetary Policy; Indonesia and Philippines Inflation

By Michael Manetta, Mikka Pineda and Adam Wolfe Sep 29, 2011

Global Economic Outlook

Asia Outlook Update: You Only Live Twice

By Adam Wolfe, Michael Manetta and Mikka Pineda Sep 19, 2011

Asia Weekly

China and Indonesia Outlook Update Highlights; Monetary Policy Across the Region

By Michael Manetta and Adam Wolfe Sep 8, 2011

Global Economic Outlook

Indonesia Outlook Update: No Plans for a Lost Decade

By Michael Manetta Sep 7, 2011

Asia Weekly

China Inflation, Philippines Exports, Indonesia Monetary Policy

By Michael Manetta, Mikka Pineda and Adam Wolfe Aug 4, 2011

Asia Weekly

Indonesia and Philippines Inflation; Indonesia GDP; Australia Monetary Policy

By Michael Manetta and Mikka Pineda Jul 28, 2011

Asia Weekly

Outlook Updates for Hong Kong, India, Indonesia, Japan, New Zealand, Philippines and Thailand

By Arpitha Bykere, Michael Manetta, Derrick Metriyakool, Mikka Pineda and Adam Wolfe Jun 16, 2011

Global Economic Outlook

Indonesia Outlook Update: Consume, Invest, Export, Repeat

By Michael Manetta Jun 16, 2011

Economic Research

Why Bank Indonesia Isn’t Afraid of Inflation, and Shouldn’t Be

By Michael Manetta Jun 14, 2011

Asia Weekly

Australia, Indonesia, Korea and China Monetary Policy; China Trade; Philippines Inflation; Malaysia Industrial Production

By Michael Manetta, Mikka Pineda, Adam Wolfe and Arpitha Bykere Jun 2, 2011

Economic Research

Overheating Asia Yearns for Policy Coolants

By Arpitha Bykere, Michael Manetta and Adam Wolfe May 9, 2011

Asia Weekly

Indonesia and Philippines Inflation; Australia and India Monetary Policy Meetings

By Mikka Pineda, Michael Manetta and Arpitha Bykere Apr 28, 2011

Economic Research

Japan's Earthquake: Can the Growth Impact on EM Asia Be Discounted?

By Michael Manetta, Arpitha Bykere and Adam Wolfe Apr 12, 2011

Asia Weekly

India Inflation, China GDP, Indonesia Monetary Policy, Philippines Exports

By Adam Wolfe, Arpitha Bykere, Michael Manetta and Mikka Pineda Apr 7, 2011

Economic Research

Bank Indonesia to Hold Steady in April

By Michael Manetta Apr 7, 2011

Asia Weekly

Second-Round Price Effects Rising in Asia

By Arpitha Bykere, Michael Manetta, Adam Wolfe and Mikka Pineda Mar 24, 2011

Economic Research

Subsidy Cut Delay Brings Down Indonesian Inflation Forecast

By Michael Manetta Mar 24, 2011

Global Economic Outlook

Asia/Pacific Outlook: Dreaming of Decoupling

By Arpitha Bykere Mar 18, 2011

Global Economic Outlook

Indonesia Outlook: Inflation Mounting

By Michael Manetta Mar 15, 2011

Asia Weekly

Is Asia’s Inflation Spreading Beyond Food and Fuel?

By Michael Manetta and Mikka Pineda Feb 24, 2011

Economic Research

Indonesia's Inflation: The Case for a Rate Hike in February

By Michael Manetta Feb 1, 2011

Asia Weekly

Priorities Shift From Revving Growth to Reducing Inflation

By Michael Manetta, Mikka Pineda, Arpitha Bykere and Adam Wolfe Jan 27, 2011

Economic Research

Indonesian Monetary Policy Hinges on January Inflation Data

By Michael Manetta Jan 27, 2011

Economic Research

Indonesia Keeps Churning Out Exports in December

By Michael Manetta Jan 27, 2011

Economic Research

Can Capital Controls Resolve Asia's Policy Trilemma?

By Adam Wolfe, Arpitha Bykere, Michael Manetta and Mikka Pineda Jan 24, 2011

Economic Research

Still Not a Tiger: The Decline of Malaysia's Electronics Sector

By Michael Manetta Dec 29, 2010

Global Economic Outlook

Global Overview: 2011 Outlook

By Christian Menegatti, Nouriel Roubini and the RGE Macroeconomics Team Dec 7, 2010

Global Economic Outlook

Indonesia: 2011 Outlook

By Michael Manetta Dec 7, 2010

Global Economic Outlook

Asia/Pacific: 2011 Outlook

By Arpitha Bykere Dec 7, 2010

Global Economic Outlook

Macro Forecasts: 2011 Outlook

By the RGE Macroeconomics Team Dec 7, 2010

Asia Weekly

Asia/Pacific Central Banks Chart the 2011 Course

By Mikka Pineda, Adam Wolfe, Arpitha Bykere and Michael Manetta Nov 25, 2010

Economic Research

Indonesia: Keeping an Eye on Real Rates

By Michael Manetta Nov 25, 2010

Economic Research

Indonesia's Q3 GDP Results: Investment Shines Through the Rain

By Michael Manetta Nov 9, 2010

Asia Weekly

Government Measures Muffle Inflation, Commodities Cushion Exports

By Michael Manetta and Mikka Pineda Oct 28, 2010

Economic Research

Nov 1 Data Release: Indonesian Inflation to Hit 6% Again in October

By Michael Manetta Oct 28, 2010

Asia Weekly

Spotty Inflation and Normalization

By Michael Manetta, Mikka Pineda and Adam Wolfe Sep 30, 2010

Economic Research

Oct 5 Monetary Policy Meeting: Bank Indonesia Expected to Stay on Hold

By Michael Manetta Sep 30, 2010

Asia Weekly

Weak Growth Outlook Discourages Asian Central Banks From Hasty Moves

By RGE's Asia Analyst Team Sep 23, 2010

Global Economic Outlook

Global Overview: September 2010 Outlook Update

By Nouriel Roubini, Christian Menegatti and the RGE Macroeconomic Team Sep 10, 2010

Global Economic Outlook

Indonesia: September 2010 Outlook Update

By Michael Manetta Sep 10, 2010

Asia Weekly

Parsing Fiscal and Monetary Policies in Asia

By Arpitha Bykere, Michael Manetta, Adam Wolfe and Mikka Pineda Sep 9, 2010

Economic Research

Asia Week Ahead: Growth Concerns Outweigh Inflation Risks

By Arpitha Bykere, Michael Manetta, Mikka Pineda and Adam Wolfe Aug 26, 2010

Economic Research

Asia Week Ahead: Skidding Exports to Keep Rate Hikes Gradual Despite Inflation

By Arpitha Bykere, Michael Manetta, Mikka Pineda and Rachel Ziemba Jul 29, 2010

Global Economic Outlook

Indonesia: Q3 2010 Outlook

By Arpitha Bykere Jul 12, 2010

Global Economic Outlook

Asia/Pacific: Q3 2010 Outlook

By Arpitha Bykere Jul 12, 2010

Economic Research

Asia Week Ahead: Export Outlook Looks Bright for Commodities, Dim for Manufacturers

By Arpitha Bykere, Mikka Pineda and Rachel Ziemba Jul 8, 2010

Economic Research

With Limited Options, EM Asia Turns to Prudential Measures to Tame Inflows

By Arpitha Bykere and Adam Wolfe Jul 6, 2010

Economic Research

Asia Week Ahead: Central Banks Weigh Tightening With G3 on Hold and Global Growth Slowing

By Arpitha Bykere, Mikka Pineda, Adam Wolfe and Rachel Ziemba Jul 1, 2010

Economic Research

Asia Week Ahead: Vulnerabilities to the EU Are Here to Stay

By Arpitha Bykere and Mikka Pineda Jun 17, 2010

Economic Research

Asia Week Ahead: Political Tensions, Easing Growth and Delayed Monetary Tightening

By Arpitha Bykere, Mikka Pineda, Adam Wolfe and Rachel Ziemba May 27, 2010

Global Economic Outlook

Indonesia: Q2 2010 Outlook

By Arpitha Bykere Apr 12, 2010

Global Economic Outlook

Indonesia: Q1 2010 Outlook

By Arpitha Bykere Jan 30, 2010

Economic Research

Carry Trade Hotspots: A Currency by Currency Forecast for 2010

By Mikka Pineda, Mary Stokes, Bertrand Delgado, Mikko Forss, Kavitha Cherian, Arpitha Bykere and Christian Menegatti Jan 4, 2010

Economic Research

Come to Mother: An RGE Strategy for the 2010 Carry Trade

By Arnab Das, Natalia Gurushina, Jennifer Kapila, Elisa Parisi-Capone Jan 4, 2010

Economic Research

RGE Currency Outlook: The Indonesian Rupiah

By Arpitha Bykere Jan 1, 2010

Economic Research

Indonesia Economic Outlook, Q4 2009

By Arpitha Bykere, HyunGyu Kim Oct 7, 2009

Economic Research

Indonesia Economic Outlook, Q3 2009

By Arpitha Bykere Jul 24, 2009

EconoMonitors

Nouriel Roubini's Global EconoMonitor

‘Dr. Doom’ Stays Bullish on Indonesia’s Economy - Jakarta Globe Interview

Nouriel Roubini Oct 24, 2011

Asia Channel

Investing in a Rebalancing of Growth in Asia

Anoop Singh Oct 25, 2010

Asia Channel

Capital Controls Gain Credence

Kavaljit Singh Sep 20, 2010

Geostrategy Channel

Window of Opportunity for South Asia

Mohammad Shahidul Islam Jul 12, 2010

Asia Channel

Indonesia Moves to Tame Speculative Capital Flows

Kavaljit Singh Jun 21, 2010

Daily Digest

News

Toyota to Invest $534m for New Indonesia Plant

The Jakarta Globe  Feb 08, 2012

News

Economists Expect Bank Indonesia to Maintain 6% Rate

The Jakarta Globe  Feb 08, 2012

News

Hyundai Aims for a Bigger Presence in Indonesia

The Jakarta Globe  Muhamad Al Azhari Feb 08, 2012

News

US Report Casts Doubt On Palm Fuel Benefits

The Jakarta Globe  Fidelis E. Satriastanti Feb 08, 2012

News

PLN targets serving 90 pct of households by late 2014

Antara News  Kunto Wibisono Feb 07, 2012

News

Domestic consumption expected to increase 9.1 pct

Antara News  Kunto Wibisono Feb 07, 2012

News

Govt to optimize spending to boost growth

Antara News  Kunto Wibisono Feb 07, 2012

News

Indonesian Power Prices to Rise 10% to Plug Budget Deficit

The Jakarta Globe  Ririn Radiawati Kusuma Feb 07, 2012

News

Indonesia Firm Wants to Buy State-Owned Bank

The Wall Street Journal  Eric Bellman Feb 06, 2012

News

Indonesian Workers Agitate for Bigger Slice of Boom Economy

The Jakarta Globe  Angela Dewan Feb 05, 2012

News

Indonesia's Trade Minister Seeks Labor Reform

Straits Times Indonesia  Zubaidah Nazeer Feb 03, 2012

News

ADB Warns of Possible Spike in Food Prices

The Jakarta Globe  Dion Bisara Feb 06, 2012

News

Analysts affirm urgent need to resolve delay in palm oil quotas

The Borneo Post  Ronnie Teo Feb 04, 2012

News

Indonesia GDP Rises 6.5%

The Wall Street Journal  Farida Husna and Andreas Ismar Feb 06, 2012

News

Indonesia’s Economy Grows at Fastest Pace Since 1996 as Investment Climbs

Bloomberg  Widya Utami and Novrida Manurung Feb 06, 2012

Blogs

Indonesia growth: no need to cut

Financial Times beyondbrics  Josh Noble Feb 06, 2012

News

Indonesia GDP hits 6.5% in fourth quarter

Financial Times  Sarah Mishkin Feb 06, 2012

Blogs

Indonesia: a haven for investors?

Financial Times  Sarah Mishkin Feb 03, 2012

News

Indonesia Economy Growth Probably Exceeded 6% for Fifth Quarter

Bloomberg  Karl Lester M. Yap and Novrida Manurung Feb 02, 2012

News

Indonesia to set up US$5.6b plantation firm

The Malaysia Insider  Feb 02, 2012

News

Indonesian Exports Surge 29%

Jakarta Globe  Feb 01, 2012

News

Exports Hit Record in 2011, but Outlook Weak

Jakarta Globe  Dion Bisara Feb 01, 2012

News

Inflation Eases Yet Again but Price-Rise Pace Set to Grow

Jakarta Globe  Muhamad Al Azhari Feb 01, 2012

News

Lawmakers okay with BI's salary-hike plan

The Jakarta Post  Dicky Christanto Feb 01, 2012

News

January inflation stands at 0.76 percent: BPS

The Jakarta Post  Hans David Tampubolon Feb 01, 2012

News

Indonesia Inflation Slows a Fifth Month, Providing Scope to Keep Rates Low

Bloomberg  Widya Utami and Novrida Manurung Feb 01, 2012

News

Indonesia Scraps Crucial Port Project

Asia Sentinel  Jan 30, 2012

News

Indonesia Rupiah Declines on Slowdown Concerns; Bonds Advance

Bloomberg  David Yong Jan 30, 2012

News

QE3 May Be Preferred Over Fed’s QE2 for Asia Economies Facing Export Slump

Bloomberg  Shamim Adam and Karl Lester M. Yap Jan 27, 2012

Blogs

Asian inflation: an awkward fall

Financial Times  Rob Minto Feb 01, 2012

News

Bank Indonesia to Buy Long-Term Bonds

Jakarta Globe  Dion Bisara Jan 19, 2012

News

Booming Indonesia Good News for Tech Spending

Jakarta Globe  Jan 19, 2012

News

Indonesia a Global Financial ‘Safe Haven’: Central Bank

Jakarta Globe  Aloysius Unditu Jan 18, 2012

News

Indonesia: making the grade

Financial Times  Rob Minto Jan 18, 2012

News

Moody's Also Says Indonesia Economy Now Investment Grade

Jakarta Globe  Aloysius Unditu and Dion Bisara Jan 18, 2012

News

Indonesia Gets Ratings Boost

Wall Street Journal  Eric Bellman and Natasha Brereton-Fukui Jan 18, 2012

News

BI Cuts Interest Rate for ‘Idle Money’

Jakarta Globe  Dion Bisara Jan 18, 2012

News

BI cuts interbank rate to improve liquidity

Jakarta Post  Hans David Tampubolon Jan 18, 2012

News

Indonesia Holds Interest Rate Again

Wall Street Journal  Farida Husna and Andreas Ismar Jan 12, 2012

News

Indonesia Holds Policy Rate at 6% as Currency Drop Revives Inflation Risk

Bloomberg  Widya Utami and Novrida Manurung Jan 12, 2012

Analysis

Indonesia: Interest Rate Stays At 6.00% In January

UOB  Ho Woei Chen Jan 12, 2012

News

Restrictions on Fuel Subsidy Are Set to Fail, Analysts Say

Jakarta Globe  Muhamad Al Azhari and Ririn Radiawati Kusuma Jan 11, 2012

News

Bank Indonesia Monetary Policy Decision, Jan 12, 2012

Bank Indonesia  Jan 12, 2012

Analysis

Indonesia: Policy choices to determine inflation rate

DBS Group Research  Jan 11, 2012

Blogs

Islamic banking growth in Indonesia

Sharing Risk  Blake Goud Jan 07, 2012

News

Indonesian markets open to NZ

New Zealand Herald  Jamie Gray Jan 10, 2012

Analysis

Cooperation from Strength The United States, China and the South China Sea

Center for a New American Security  Robert D. Kaplan, Ian Storey, M. Taylor Fravel, Peter A. Dutton, Patrick M. Cronin, James R. Holmes and Will Rogers Jan 09, 2012

Analysis

Daily Breakfast Spread "Taiwan CPI; Indonesia Ratings"

DBS Group Research  Jan 05, 2012

News

Indonesia December Crude Price Falls 2% on Higher Supply

Bloomberg  Fitri Wulandari Jan 03, 2012

News

Indonesia president says Q4 GDP growth at 6.5%

The Star  Jan 03, 2012

News

Indonesia`s imports slightly down

Antara News  Jan 02, 2012

News

Banking Sector To Grow Moderate In 2012: BI

Bisnis Indonesia  Oleh Rika Novayanti Jan 02, 2012

News

Indonesia Inflation Slows for Fourth Straight Month

Jakarta Globe  Widya Utami and Novrida Manurung Jan 03, 2012

News

Manufacturing industries expected to grow 7.1 pct

Antara News  Jan 03, 2012

News

RI's exports slightly down in November 2011

Antara News  Jan 02, 2012

News

2011 Inflation Pace Under Control, Statistics Agency Says

Bisnis Indonesia  Jan 03, 2012

News

Deflation, Interest Rate Cut Overshadow The New Year

Bisnis Indonesia  Dec 30, 2012

News

Indonesia inflation eases

The Star  Jan 03, 2012

News

Indonesia inflation slows to 20-month low in December

Channel News Asia  Jan 02, 2012

Analysis

Economics Markets Strategy - Q1 2012

DBS  Dec 2011

News

Bureaucracy, corruption hampers economic growth: SBY

Jakarta Post  Dec 23, 2011

News

Govt reinforces economic partnership with S. Korea

Jakarta Post  Dec 22, 2011

News

Tourist arrivals in 2011 predicted to reach 7.6 mln

Antara News  Dec 22, 2011

Analysis

Emerging Trends in Real Estate Asia Pacific 2012

PricewaterhouseCoopers  Dec 2011

Analysis

Emerging Markets Briefer

Danske Bank  Dec 21, 2011

News

Stricter Lending Rule To Hurt Finance Companies

Bisnis Indonesia  Dec 21, 2011

News

Oil reserves down to 3.925 bln barrels

Antara News  Dec 19, 2011

News

Auto industry leads industrial growth

Jakarta Post  Dec 19, 2011

News

Investment Grade Remains As An Index Catalyst

Bisnis Indonesia  Oleh Bunga Dewi Kusuma Dec 19, 2011

News

Indonesia's upgrade won't affect borrowings

Manila Bulletin  Dec 19, 2011

News

Indonesia Nov cement sales rise 26 pct y/y

Reuters  Dec 19, 2011

News

Fitch Rating Upgraded Indonesia to Investment Grade

Bank Indonesia  Dec 15, 2011

News

Hiring Slowdown to Hit Singapore Next Year

Jakarta Globe  Dec 16, 2011

Analysis

CPI in November 2011 was 129.18 or inflated 0.34 %

Badan Pusat Statistik  Dec 15, 2011

News

Indonesia: back to investment grade

Financial Times  Dec 15, 2011

News

Fitch Upgrades Indonesia's Rating to Investment Grade

Jakarta Globe  Dec 15, 2011

News

Indonesia’s Banks Are Stable: Moody’s

Jakarta Globe  Dec 13, 2011

News

Indonesian trade minister denies protectionist move

Channel News Asia  Dec 12, 2011

News

The Economy Needs IDR598 Trillion Loans

Bisnis  Dec 12, 2011

News

BI starts campaign to push down lending rates

Jakarta Post  Dec 12, 2011