JAKARTA - Indonesia's economic growth in the first quarter of 2025 reached 4.87 percent year on year (yoy) or slowed down when compared to the first quarter of 2024 which reached 5.11 percent.
Coordinating Minister for Economic Affairs Airlangga Hartarto said Indonesia's economic growth achievement in the first quarter of 2025 placed Indonesia as the country with the second-highest economic growth among G20 countries, after China, which grew 5.4 percent.
"First, related to Indonesia's economic growth, it grew 4.87 (percent) and for our G20 countries, the growth rate of number 2 was the highest under China which grew at 5.4 (percent)," he told the media crew, Monday, May 5.
Airlangga added that Indonesia's economic growth was also recorded to have grown higher than Malaysia (4.4 percent), Singapore (3.8 percent), and Spain (2.9 percent).
In addition, he said, especially in the ASEAN region, Indonesia is only slightly below Vietnam.
Airlangga added that economic growth in the next quarter is expected to be better as the government's budget begins, so that the momentum of economic growth can be maintained.
"So related to further developments, we will see in the next quarter because we see that in the next quarter, it is hoped that the government budget will start so that the momentum of growth can be maintained," he said.
Previously, the Central Statistics Agency (BPS) revealed that the economic growth of a number of Indonesia's main trading partner countries in the first quarter of 2025 showed a variety of trends.
Head of the Central Statistics Agency (BPS), Amalia Adininggar Widyasanti, revealed that China's economic growth recorded stable growth of 5.4 percent in the first quarter of 2025, the same as the fourth quarter of 2024 and slightly increased when compared to the first quarter of 2024 which was 5.3 percent.
"Childs grew stable compared to the fourth quarter of 2024 but strengthened slightly compared to the first quarter of 2024," he said at a press conference, Monday, May 5.
Meanwhile, US economic growth slowed to 2.0 percent in the first quarter of 2025, down from 2.5 percent in the previous quarter and down from 2.9 percent in the first quarter of 2024.
"The United States is growing slow either compared to the fourth quarter of 2024 or if we compare it to the first quarter of 2024," he explained.
Furthermore, Malaysia's economic growth slowed to 4.4 percent in the first quarter of 2025, compared to the fourth quarter of 2024 of 5.0 percent, but grew compared to the first quarter of 2024 which was 4.2 percent.
Then Singapore's economic growth slowed to 3.8 percent in the first quarter of 2025, compared to the fourth quarter of 2024 of 5.0 percent, but grew when compared to the first quarter of 2024 which was 3.2 percent.
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Next, Vietnam's economic growth slowed to 6.9 percent in the first quarter of 2025, compared to 7.6 percent in the fourth quarter of 2024, but grew when compared to the first quarter of 2024 which was 6.0 percent.
"Malaysia, Singapore, and Vietnam grew slowly compared to the fourth quarter of 2024 but grew relatively stronger compared to the first quarter of 2024," he said.
However, South Korea contracted growth by 0.1 percent, after previously growing 1.2 percent in the fourth quarter of 2024 and 3.3 percent in the first quarter of 2024.
Meanwhile, Indonesia's economic growth in the first quarter of 2025 reached 4.87 percent yoy or slowed down when compared to the first quarter of 2024 which reached 5.11 percent.
Meanwhile, economic growth in the first quarter of 2025 slowed down 0.98 compared to the fourth quarter of 2024 which reached 5.02 percent (yoy).
In addition, Amalia said that according to the IMF projection as of April 2025, the global economy is expected to continue to grow this year and the economic growth of developing countries is predicted to be higher than the global average and increase from 2024.
"In April 2025, the IMF predicts that global economic growth in 2025 is expected to continue to grow. Developed country's economic growth is estimated to be higher than global achievements and will continue to grow compared to growth in 2024," he explained.
"The IMF projection results also show that developing country inflation in 2025 is relatively higher than global conditions but lower than in 2024," he added.
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