Indonesia's Q2 2026 Economic Growth Slows to 5.29 Percent

Indonesia's economy expanded by 5.29 percent year-on-year in the second quarter of 2026, the Central Statistics Agency (BPS) announced Wednesday. While this growth rate signifies an improvement compared to the second quarter of 2025, it marks a slowdown from the 5.61 percent growth recorded in the first quarter of 2026.

The total Gross Domestic Product (GDP) at current prices reached Rp 6,552.1 trillion, with constant prices at Rp 3,576.2 trillion. On a quarter-to-quarter basis, the economy grew by 3.73 percent, following typical annual patterns, according to BPS Deputy for Statistics, M. Edy Mahmud.

Several factors influenced this economic performance. Globally, the International Monetary Fund projected only 3 percent growth, with developing economies at 3.5 percent. Indonesia's trade partners showed mixed results: Vietnam and Malaysia saw strengthening economies, while Singapore and South Korea experienced slowdowns compared to the first quarter. The United States' economy was expected to slow, and China's growth also decelerated.

Domestically, consumer spending in restaurants and hotels surged by 11.97 percent year-on-year. Imports of consumer goods rose by 27.17 percent, and electronic transactions via debit and credit cards increased by 5.05 percent. Online transactions through e-retail and marketplaces saw a significant jump of 35.13 percent. The disbursement of the 13th-month salary for civil servants, military, police, and pensioners also contributed to domestic spending. Inflation remained controlled at 3.34 percent year-on-year in June 2026, despite the Bank Indonesia rate increasing throughout the quarter.

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Pertumbuhan ekonomi kuartal II 2026 berdasarkan besaran Produk Domestik Bruto (PDB) atas dasar harga berlaku mencapai Rp 6.552,1 triliun dan atas dasar harga konstan sebesar Rp 3.576,2 triliun. Dengan demikian, ekonomi Indonesia pada kuartal II 2026 dibandingkan kuartal II 2025 atau secara year on year tumbuh 5,29 persen.