Indonesia's Economy Grows 5.61%: Highest in G20, China and Saudi Arabia Left Far Behind
Indonesia’s economy recorded an impressive performance in early 2026. The nation’s economic growth accelerated beyond expectations and once again far exceeded the G20 average.
The Central Statistics Agency (BPS) reported that Indonesia’s Gross Domestic Product (GDP) grew 5.61% year-on-year in the first quarter of 2026. Meanwhile, on a quarter-to-quarter basis, the economy contracted by 0.77%.
Based on BPS data, Indonesia’s GDP at current market prices (ADHB) reached Rp6,187.2 trillion in the first quarter of 2026, while GDP at constant prices (ADHK) was recorded at Rp3,447.7 trillion.
This achievement places Indonesia at the top of the provisional list of economic growth for G20 countries in the first quarter of 2026. Indonesia surpassed China, which is right below it, after the Bamboo Curtain nation’s economy grew 5.0% year-on-year in the same period.
As of Tuesday (5 May 2026), several G20 countries have announced their first-quarter 2026 economic growth figures. This means the ranking is still provisional and may change as data from other member countries is released.
After China, the next highest growth rates were recorded by South Korea at 3.6%, Saudi Arabia at 2.8%, and the United States at 2.7%.
Meanwhile, several other G20 members grew much lower. France recorded 1.1% growth, the European Union 0.8%, Italy 0.8%, Germany 0.3%, and Mexico just 0.1%.
For context, the G20 is the main economic cooperation forum comprising 19 countries and the European Union, established to strengthen global economic policy coordination and maintain financial system stability.
Looking further back, Indonesia’s overall economic growth remains far above the G20 average. In the last two years, Indonesia’s average GDP growth was 5.08%, while the G20 countries’ average growth was 3.30%.
Thus, Indonesia’s average economic growth over the past two years is 1.78 percentage points higher than the G20 average. This difference equates to 178 basis points.