The World Bank has downgraded Indonesia’s economic growth forecast for 2025 to 4.7 percent, down from the 5.1 percent projected in October 2024, according to its April 2025 World Bank East Asia and the Pacific Economic Update.
Key points:
- Indonesia’s GDP growth for 2024 was 5.0 percent.
- The April 2025 forecast projects 4.7 percent growth for 2025 and a slight recovery to 4.8 percent in 2026.
- The October 2024 forecast had expected 5.0 percent growth for 2024 and 5.1 percent for 2025.
Of note, this forecasts aligns with the IMF, which also projected 4.7 percent GDP growth for Indonesia in 2025, down from the 5.1 percent forecast made just six months ago, in its April 2025 World Economic Outlook.
Regional comparison:
| WB Update | – | Oct 2024 | Oct 2024 | Apr 2025 | Apr 2025 |
| Forecast Year | 2024 | 2024 | 2025 | 2025 | 2026 |
| Indonesia | 5.0 | 5.0 | 5.1 | 4.7 | 4.8 |
| Malaysia | 5.1 | 4.9 | 4.5 | 3.9 | 4.3 |
| Philippines | 5.7 | 6.0 | 6.1 | 5.3 | 5.4 |
| Thailand | 2.5 | 2.4 | 3.0 | 1.6 | 1.8 |
| Vietnam | 7.1 | 6.1 | 6.5 | 5.8 | 6.1 |
| Cambodia | 6.0 | 5.3 | 5.5 | 4.0 | 4.5 |
| Lao PDR | 4.1 | 4.1 | 3.7 | 3.5 | 3.4 |
| Myanmar | 1.0 | 1.0 | 1.0 | -1.0 | 1.5 |