Latest reading: Retail sales were up 6.4% in annual terms in April, following a 9.9% rise in the prior month....
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 2014 to 2025.
Source: Macrobond.
Indonesia Retail Data
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Retail Sales (ann. var. %) | 0.0 | 6.0 | 1.5 | 3.1 | 3.0 |
Retail sales contract in April
Latest reading: Retail sales fell 1.9% on a year-on-year basis in April, following 3.4% growth in the prior month and marking the weakest reading in two years. Relative to the previous month's figures, readings in April worsened for food, beverages, and tobacco (-2.1% on a year-on-year basis vs +4.7% in March), automotive fuels (-2.8% vs +2.1% in March), information and communication equipment (-27.7% vs -26.4% in March) and cultural and recreation goods (-1.1% vs +14.8% in March). In contrast, the reading for motor vehicles, parts and accessories improved in April (+18.8% vs +15.5% in March).
Consensus Forecasts and Projections for the next ten years
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 3 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.
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