Indonesia Records Highest Q1 Growth in Last Five Years at 5.61%

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The Head of the Central Statistics Agency (BPS), Amalia Adininggar Widyasant,i in the KPU office, Jakarta, March 14, 2025. Tempo/Ilham Balindra

TEMPO.CO, Jakarta - Statistics Indonesia (BPS) announced 5.61 percent year-on-year (yoy) economic growth for the first three months of 2026. The Head of BPS, Amalia Adininggar Widyasanti, said this is the highest compared to the same period in previous years.

"When we look at the years 2021 to 2026, it has never exceeded 5.61 percent," said Amalia during a press conference at the BPS building in Jakarta on Tuesday, May 5, 2026.

Historically, the first-quarter economic growth was contracted in 2021, with a minus 0.69 percent.

Then, it grew in the first quarter of 2022 to 5.03 percent yoy. The economic growth in the first quarter continued the trend in 2023 at 5.04 percent and rose to 5.11 percent in 2024.

The economic growth in the first quarter experienced another contraction in 2025 at 4.87 percent.

The gross domestic product (GDP) in the first quarter of 2026 based on current market prices (ADHB) reached Rp6,187.2 trillion, while at constant market prices (ADHK) it reached Rp3,447.7 trillion.

From the production side, manufacturing, trade, agriculture, and construction contributed the most to the PDB growth. The sector with the highest growth is the manufacturing industry, which grew by 1.03 percent. Followed by trade at 0.82 percent, agriculture at 0.55 percent, and construction at 0.53 percent.

According to Amalia, the growth in the manufacturing industry in the first quarter of 2026 was driven by domestic and foreign demand. For example, the food and beverage industry grew by 7.04 percent due to increased demand during Ramadan and Eid al-Fitr.

Meanwhile, from the expenditure side, household consumption had the highest growth at 5.52 percent. Followed by government final consumption expenditure (PMTB) at 5.96 percent. Their total contribution is 82.65 percent to the total GDP.

Previously, Bank Indonesia recorded the Consumer Confidence Index (CCI) in March 2026 down to 122.9 compared to February, which was at 125.2. In January, CCI was recorded at the level of 127, making the declining trend of CCI continue across the first quarter of this year.

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