{"id":27061,"date":"2025-02-28T12:03:25","date_gmt":"2025-02-28T05:03:25","guid":{"rendered":"https:\/\/www.cimigo.com\/?p=27061"},"modified":"2025-02-28T12:18:16","modified_gmt":"2025-02-28T05:18:16","slug":"indonesias-economy-2024-growth-challenges-and-outlook","status":"publish","type":"post","link":"https:\/\/www.cimigo.com\/en\/trends\/indonesias-economy-2024-growth-challenges-and-outlook\/","title":{"rendered":"Indonesia\u2019s economy 2024"},"content":{"rendered":"\n

Resilient growth amid challenges<\/strong><\/h2>\n\n\n\n

Indonesia<\/a>\u2019s economy continued to expand in 2024 despite global uncertainties, with GDP reaching $1,396.8 billion and 5.03% growth.<\/p>\n\n\n

\n
\"Indonesia's<\/figure>\n<\/div>\n\n\n

Download the report here<\/a><\/p>\n\n\n\n

The transportation, warehousing, accommodation, and F&B sectors are key drivers, while manufacturing faces headwinds. Cimigo predicts that GDP growth in 2025 will reach 5.1%. A slightly better position, but not by much.<\/p>\n\n\n\n

Retail sales and consumer spending<\/strong><\/h2>\n\n\n\n

The real retail sales index grew 3.8% year over year, led by food, beverages, tobacco, and automotive fuels.<\/p>\n\n\n

\n
\"Real<\/figure>\n<\/div>\n\n\n

Download the report here<\/a><\/p>\n\n\n\n

However, consumer confidence has weakened, with Cimigo\u2019s survey showing a downward trend in optimism about the economy.<\/p>\n\n\n\n

Job market and inflation<\/strong><\/h2>\n\n\n\n

While job availability improved slightly, many still struggle, potentially due to weak hiring in manufacturing. Inflation remains stable, maintaining purchasing power and investment confidence.<\/p>\n\n\n

\n
\"\"<\/figure>\n<\/div>\n\n\n

Download the report here<\/a><\/p>\n\n\n\n

Investment and 2025 outlook<\/strong><\/h2>\n\n\n\n

Foreign Direct Investment (FDI) should be crucial, but investors are somewhat cautious. Manufacturing may recover gradually, consumer spending is expected to strengthen, and inflation will likely remain controlled.<\/p>\n\n\n\n

Looking ahead to 2025<\/strong><\/h2>\n\n\n\n

Indonesia\u2019s economy in 2024 remains resilient, with steady GDP growth and retail sector expansion. However, consumer confidence, manufacturing struggles, and job market concerns require attention. 2025 will be a year of cautious optimism as the country adapts to political and economic shifts.<\/p>\n","protected":false},"excerpt":{"rendered":"

Resilient growth amid challenges Indonesia\u2019s economy continued to expand in 2024 despite global uncertainties, with GDP reaching $1,396.8 billion and 5.03% growth. Download the report here The transportation, warehousing, accommodation, and F&B sectors are key drivers, while manufacturing faces headwinds. Cimigo predicts that GDP growth in 2025 will reach 5.1%. A slightly better position, but […]<\/p>\n","protected":false},"author":1,"featured_media":27089,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[988],"tags":[1793,566],"class_list":["post-27061","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-research-indonesia","tag-indonesia-economy-research","tag-indonesia-market-research"],"acf":[],"yoast_head":"\nIndonesia\u2019s economy 2024 - Market research Vietnam Indonesia<\/title>\n<meta name=\"description\" content=\"A brief summary of Indonesia's economy in 2024. 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