Information about the organisation, transformation and history of Bank Indonesia as the central bank of the Republic of Indonesia.
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Information about the rupiah as the currency of the Republic of Indonesia managed by Bank Indonesia pursuant to prevailing laws and regulations.
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improvements observed since the third quarter of 2020 have persisted, with data
published by BPS-Statistics Indonesia confirming a shallower -0.74% (yoy)
contraction in the first quarter of 2021 compared with -2.19% (yoy) in the
fourth quarter of 2020. Domestic
economic recovery momentum is building on the back of rapid external sector
gains in response to the stronger global economic recovery and ongoing
acceleration of fiscal stimuli.
Economic gains in
Indonesia have been recorded across nearly all GDP components on the
expenditure side and economic sectors.
Exports expanded for the first time since the Covid-19 pandemic befell
Indonesia, growing 6.74% (yoy) after contracting -7.21% (yoy) in the previous
period. The significant improvement was
primarily driven by demand in Indonesia's main trading partners, namely China
and the United States. Meanwhile,
positive external sector developments and stronger investment performance edged
up import growth to 5.27% (yoy).
Government consumption accelerated to 2.96% (yoy) in line with the
realisation of fiscal stimuli in the form of procurement, capital spending and
social assistance disbursements.
Investment is also showing signs of improvement, recording a shallower -0.23%
(yoy) contraction compared with -6.15% (yoy) in the previous period. On the other hand, consumption in the
household sector and non-profit institutions serving households (NPISH) remains
subdued at -2.23% (yoy) and -4.53% (yoy) respectively given the mobility
restrictions ongoing in several regions.
By sector, most economic sectors are seeing improvements, led by
Information and Communication, Water Supply as well as Health Services. Spatially, national economic growth momentum
is supported by all regions, with Sulawesi-Maluku-Papua (Sulampua) moving into
expansionary territory since the fourth quarter of 2020.
Looking forward, Bank
Indonesia expects economic growth to continue building momentum in line with
the promising global economic recovery outlook and ongoing policy stimuli. An orderly vaccination program rollout and
disciplined application of Covid-19 protocols are still required to accelerate the
recent domestic demand gains. To that
end, Bank Indonesia will continue to strengthen policy coordination with the
Government and Financial System Stability Committee, including implementation
of the Integrated Policy Package, to support the ongoing national economic
Information about Bank IndonesiaTel. 021-131, Email: email@example.com
Working hours: Monday to Friday, 08.00-16.00 West Indonesia Time
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