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Increase in Indonesia's Domestic Consumption in Q2 2024?
4
Resolution / Starting Odds
Yes • 50%
No • 50%
Indonesia's Central Statistics Agency reports on consumer spending
Story
Indonesia's Q1 GDP Growth Hits 5.11%, Fastest Since Mid-2023
May 6, 2024, 04:30 AM
Indonesia's economy exhibited robust growth in the first quarter of 2024, with a GDP increase of 5.11% year-on-year, marking the fastest pace since mid-2023. This growth has been attributed to heightened government spending, and a boost from election and holiday-related expenditures. The performance surpassed economist forecasts and was primarily driven by strong domestic consumption, which helped mitigate the effects of a declining export sector. Additionally, the International Monetary Fund (IMF) projects Indonesia's GDP growth to continue at 5% in 2024, reflecting the country's ongoing economic resilience. As of 2023, Indonesia's GDP stood at $1.4 trillion.
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Increased spending • 33%
No change in spending • 33%
Decreased spending • 33%
Increase in spending • 33%
Decrease in spending • 33%
No significant change • 34%
Above 5.0% • 33%
Between 4.0% and 5.0% • 33%
Below 4.0% • 33%
