Indonesia's Economy Grows 5.61% in Q1 2026, Exceeding Experts' Predictions!

Jakarta, CNBC Indonesia - The actual economic growth in Indonesia for the first quarter of 2026 exceeded expectations from both the government and economic experts. The Central Statistics Agency (BPS) announced a year-on-year (yoy) growth of 5.61%. This growth rate is higher than the 5.39% in the fourth quarter of 2025 and the 4.87% yoy in the first quarter of 2025. “Year-on-year, the economy grew by 5.61%, which is higher than the 4.87% yoy growth in the first quarter of 2025,” stated BPS Head Amalia Adininggar Widyasanti during a press conference at the BPS headquarters in Jakarta on Tuesday (5/5/2026). According to a consensus compiled by CNBC Indonesia from 12 institutions, Indonesia’s economic growth was projected to reach 5.40% annually (year-on-year/yoy). On a quarterly basis, the economy was forecasted to contract by 1.0% compared to the previous quarter (quarter-to-quarter/qtq). Meanwhile, Finance Minister Purbaya Yudhi Sadewa had previously projected growth of 5.5-5.7%. Bank Indonesia projected growth of 5.2%.