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Coordinating Minister for Economic Affairs Airlangga Hartarto. Photo: BPMI Setpres
Indonesia's Economy Shows Strong Growth Outlook, Defies Global Uncertainty
Fajar Nugraha • 27 April 2026 17:55
Jakarta: Indonesia's economy remains resilient and is expected to maintain growth above five percent this year despite rising global risks, Coordinating Minister for Economic Affairs Airlangga Hartarto said.
"Our economic fundamentals remain solid. We recorded growth of 5.11 percent last year and are targeting 5.4 percent in 2026," he said, citing stable inflation, strong domestic consumption, and sound financing conditions.
Speaking at Bank Indonesia's headquarters in Jakarta on Monday, Hartarto said the economy is projected to grow at least 5.5 percent in the first quarter, with inflation at 3.48 percent and the consumer confidence index at 122.9.
He noted that household consumption accounts for about 54 percent of gross domestic product (GDP) and remains the main driver of economic growth.
Indonesia has also recorded a trade surplus for 70 consecutive months, totaling USD148.2 billion, he added. The country's debt-to-GDP ratio stands at a relatively low 29.9 percent, with domestic investors holding 87.4 percent of government securities.
Hartarto said several international institutions share a positive outlook on Indonesia's economy. The International Monetary Fund has described Indonesia as a "bright spot" in Asia, while the Asian Development Bank projects growth of around 5.2 percent in 2026.
Several institutions estimate Indonesia's recession probability at below 5%, lower than that of the United States, Japan, and Canada. The global community still views Indonesia as a resilient economy," he said quoted from Antara, Monday, April 27 2026.
He added that Indonesia remains relatively resilient to global energy supply disruptions linked to rising security tensions in the Middle East, as the country is less dependent on energy imports from the region compared with some other Asian economies.
Hartarto emphasized that the government must continue strengthening cross-sector coordination to safeguard economic stability and maintain growth momentum.