Retail Sales in Indonesia
The Indonesian economy recorded an average growth rate of 4.4% in retail sales over the decade to 2024, below ASEAN's average of 4.4%. In 2024, Indonesia's retail sales growth was 3.1%.
Indonesia Retail Chart
Note: This chart displays Retail Sales (ann. var. %) for Indonesia from 2024 to 2015.
Source: Macrobond.
Indonesia Retail Data
2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Retail Sales (ann. var. %) | -11.9 | 0.0 | 6.0 | 1.5 | 3.1 |
Retail sales growth ebbs in August
Latest reading: Retail sales expanded 2.7% compared to the same month a year earlier in August, which was a deterioration from July's 4.7% increase. August's slowdown was partly due to weaker readings for food, beverages, and tobacco plus IT sales. Meanwhile, annual average retail sales growth fell to 2.2% in August (July: +2.5%). This signals a worsening trend in the retail trade sector.
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Indonesian retail projections for the next ten years from a panel of 2 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable retail forecast available for Indonesian retail.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Indonesian retail projections.
Want to get access to the full dataset of Indonesian retail forecasts? Send an email to info@focus-economics.com.
Latest Global Retail News
-
Poland: Retail sales decelerate in August Latest reading: Retail sales were up 3.3% in annual terms in August, following a 5.0% increase in the previous month.... -
United Kingdom: Retail sales beat expectations in August Latest reading: UK retail sales volumes climbed 0.5% month on month in August 2025. This matched July’s pace and outperformed... -
United States: Retail sales growth beats market expectations in August Latest reading: Nominal retail sales rose 0.6% in seasonally adjusted month-on-month terms in August, stable from the previous month’s reading... -
Indonesia: Retail sales growth ebbs in August Latest reading: Retail sales expanded 2.7% compared to the same month a year earlier in August, which was a deterioration... -
United Kingdom: Retail sales growth speeds up in July Latest reading: Retail sales increased 0.6% month-on-month in seasonally adjusted terms in July (June: +0.3% mom), beating market expectations. However,... -
Luxembourg: Retail sales remain broadly stable in July Latest reading: Retail sales were flat in month-on-month seasonally adjusted terms in July, which was above June’s 0.2% decrease. On... -
Switzerland: Retail sales dip in July Latest reading: Retail sales declined 0.5% in month-on-month seasonally adjusted terms in July, which contrasted June’s 1.9% increase. Looking at...