Bank Indonesia Economic Outlook 2024. Jakarta, indonesia (27 september 2023) — indonesia’s economy is expected to grow by 5.0% in 2023 as domestic demand takes over from commodity exports as the driver. Bank indonesia responded to this recently by raising the basic interest rate (bi7drr).

Figures are based on the latest edition of adb’s asian development outlook, which analyzes economic and development issues in developing countries in asia and the pacific. The world bank reports that indonesia’s economic growth in 2024 will reach 4.9 percent, lower than the previous year’s 5 percent.