BPS: Q1 2026 Economic Growth Highest in 5 Years

Statistics Indonesia has announced that economic growth for the period January–March 2026 increased by 5.61% year-on-year. BPS Chief Amalia Adininggar Widyasanti stated that the Q1 2026 economic growth is the highest compared to the same period in previous years. “Looking at 2021 to 2026, none has exceeded 5.61,” said Amalia during a press conference at the BPS building in Jakarta on Tuesday, 5 May 2026. Historically, Q1 economic growth in the last five years contracted in 2021, recording -0.69% for January–March 2021. It then improved annually in the first quarter of 2022 at 5.03%, continued the trend in 2023 at 5.04%, and rose to 5.11% in 2024. Q1 economic growth contracted again in 2025 at 4.87%. The gross domestic product (GDP) for the first quarter of 2026 at current market prices (ADHB) stood at Rp 6,187.2 trillion, while at constant prices (ADHK) it was Rp 3,447.7 trillion. From the production side, the business fields contributing most to GDP growth were manufacturing, trade, agriculture, and construction. The business field with the highest growth was manufacturing at 1.03%, followed by trade at 0.82%, agriculture at 0.55%, and construction at 0.53%. According to Amalia, the manufacturing sector growth in Q1 2026 was driven by domestic and foreign demand. For example, the food and beverage industry grew 7.04% due to increased demand during Ramadan and Eid al-Fitr. From the expenditure side, household consumption experienced the highest growth at 5.52%, followed by non-construction gross fixed capital formation (PMTB) at 5.96%. Their total contribution was 82.65% to total GDP. Previously, Bank Indonesia (BI) recorded the Consumer Confidence Index (IKK) in March 2026 dropping to 122.9 from 125.2 in February. Thus, the declining IKK trend continues. In January 2026, the IKK was at 127.