Jakarta, hitclubapk3 Indonesia
—
Economy
Indonesia managed to grow consistently at 5.04 percent (
year on year
/yoy) in the third quarter of 2025.
Export
and
investment
became the main support throughout that period.
Senior Analyst from the Indonesia Strategic and Economic Action Institution Ronny P. Sasmita said that the economic achievements in the third quarter were quite good amidst global uncertainty.Compared to China, Singapore and South Korea, Indonesia’s economy is much better.
“Indonesia’s economic growth which remains above 5 percent amidst unfavorable global conditions, in my opinion, shows that resilience (
resilience
) the national economy is still quite strong and the prospects are still quite promising,” said Ronny to
hitclubapk3Indonesia.com
, Friday (7/11).
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He gave an example, in the third quarter of 2025, for example, China only managed to grow 4.8 percent.This realization is down compared to the second quarter of 2025 when China’s economy grew 5.2 percent.
Meanwhile, Singapore grew 2.9 percent, down from 4.5 percent in the previous quarter.Meanwhile, South Korea was 1.7 percent.
“So 5.04 percent is quite good because the third quarter has minimal factors driving consumption. China alone is 4.8 percent,” said Ronny.
According to Ronny, household consumption remains the main driving force of the economy.However, it has not been able to grow optimally and only 4.98 percent has been realized.
However, exports managed to grow 9.91 percent and investment grew 5.04 percent during the third quarter of 2025, which is encouraging.Both of them are supporting the economy to remain at the 5 percent level.
“If you look at the detailed third quarter GDP data from BPS, exports and investment are the two main factors, apart from domestic consumption which is observed to be relatively stable,” explained Ronny.
Ronny said the high growth in exports was supported by superior domestic commodities such as coal, nickel and CPO.
Meanwhile, investment in both Foreign Direct Investment (PMA) and Domestic Investment (PMDN) grew above 5 percent because investors still see regulatory certainty and improvements in the domestic business climate.
“Especially in the downstream and manufacturing sectors,” he added.
Based on data from the Ministry of Investment/Investment Coordinating Board (BKPM), Indonesian investment in the third quarter reached IDR 431.48 trillion.This realization rose 15.24 percent (yoy).
In detail, investment from PMDN reached IDR 198.83 trillion and PMA reached IDR 232.65 trillion.
There are several factors, said Ronny, which make exports and investment remain resilient even though global turmoil is still quite high.
First, the diversification of Indonesia’s export market is becoming increasingly wider, not only relying on the United States (US) and China, but also on South Asia, the Middle East and Africa.
“In the future it is expected to get better, after there is a new trade agreement with the European Union and Canada,” he explained.
Second, the clarity of the government’s strategy regarding downstreaming is starting to attract investors to invest in the natural resource processing (SDA) sector.
Third, macroeconomic stability and government policy are still consistently observed in maintaining inflation and the exchange rate, even though there were concerns when the finance minister changed.This also increases the confidence of investors and business people, both for starting new investments and expanding businesses.
“Indeed, there are records in the general manufacturing sector, which is still in a bit of a slump, especially for textiles, footwear and cigarettes. However, there are substitutions from the agricultural sector which have been observed to be starting to improve somewhat,” explained Ronny.
The role of industry in supporting Indonesia’s economic growth was also recognized by the Minister of Industry, Agus Gumiwang Kartasasmita.He said the manufacturing sector is still the driving force of the national economy.
“With this achievement, the manufacturing industry sector became the source of the highest growth in the economy, namely 1.04 percent, confirming the strategic role of the manufacturing sector as a driving force for the national economy,” said Agus in a written statement, Thursday (6/11).
In the third quarter of 2025, non-oil and gas exports grew 12.56 percent (yoy) and contributed 85.21 percent to national exports.
Five manufactured products are the mainstay commodities for national exports with the highest growth in the third quarter of 2025. These products are animal/vegetable fats and oils, steel, electrical machinery and equipment, jewelry and gems, as well as vehicles and their parts.
“Manufactured products have become a mainstay in Indonesia’s exports abroad. This not only proves the competitiveness of domestic industrial companies which are able to compete with industrial companies in other countries, but has also become a driving force for the economy. The growth in exports of manufactured products in this quarter also continues to have an impact on Indonesia’s trade balance surplus,” said Agus.
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