Indonesia: Growth outlook supported by policy – Standard Chartered

FXStreet · FXStreet Insights Team · 2026-11-06 15:11 UTC

Standard Chartered’s Aldian Taloputra reports Indonesia’s Q3 GDP grew 5.5% year-on-year, up from 5.2% in Q2, driven by household consumption, investment and exports. Energy subsidies and social spending helped sustain consumer purchasing power despite higher Oil prices. The bank maintains its 2026 GDP forecast at 5.3%, but notes upside risks from strong year-to-date growth and resilient household spending.

Standard Chartered’s Aldian Taloputra reports Indonesia’s Q3 GDP grew 5.5% year-on-year, up from 5.2% in Q2, driven by household consumption, investment and exports. Energy subsidies and social spending helped sustain consumer purchasing power despite higher Oil prices. The bank maintains its 2026 GDP forecast at 5.3%, but notes upside risks from strong year-to-date growth and resilient household spending.

Policy support underpins robust expansion

"Indonesia’s GDP grew 5.5% y/y in Q3 (vs 5.2% in Q2), beating our and consensus expectations, led by relatively steady household consumption, investment and exports."

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