The International Monetary Fund (IMF) has raised its projection for Indonesia’s economic growth in 2025 to 4.9%, up from the previous estimate of 4.8%, as stated in its October 2025 World Economic Outlook report. The upward revision reflects confidence in Indonesia’s strong economic fundamentals, consistent fiscal discipline, and ongoing institutional reforms.
According to the IMF, Indonesia stands out as a “bright spot” amid global economic uncertainty, supported by the government’s pro-growth yet prudent fiscal policies, the continuation of downstream industrialization, and efforts to strengthen domestic productivity. The government’s decision to maintain a budget deficit below 3% of GDP and national debt under 60% of GDP has also helped reinforce macroeconomic stability. Additionally, the placement of around IDR 200 trillion in low-interest funds within state-owned banks (Himbara) was noted as a strategic step to maintain liquidity and sustain economic activity. Overall, the IMF’s outlook underscores Indonesia’s resilience and adaptability in navigating global challenges while sustaining steady economic expansion.
