Growth accelerated from 5.29% in the second quarter and exceeded the 5.18% forecast in a Reuters poll, with manufacturing supporting the expansion, according to Indonesia’s statistics bureau.
Indonesia’s gross domestic product, a measure of the economy’s output, grew 5.47% in the third quarter of 2026 from a year earlier, official data released on 5 November showed. Growth was faster than the 5.29% recorded in the second quarter and the 5.18% forecast in a Reuters poll.
The statistics bureau said manufacturing helped support growth, including the processing of palm oil into fuel as Indonesia expanded its mandatory biodiesel program.
On 1 July 2026, Indonesia moved from its B40 fuel blend to B50, which contains 50% biodiesel. The government says the program is intended to add value to domestic crude-palm-oil processing and reduce reliance on energy imports.
The result comes as Indonesia faces weaker investor sentiment, scrutiny of government fiscal plans and broader policy direction, and lingering stock-market downgrade risks, CNA reported. At its October meeting, central bank Bank Indonesia said the domestic economy remained resilient but needed further strengthening.
For the full year, the 2026 state budget projects growth of 5.4%. Finance Minister Suahasil Nazara has said growth could reach 5.5%, while Bank Indonesia’s outlook ranges from 4.9% to 5.7%. President Prabowo Subianto aims to lift growth to 8% by 2029.
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