Unemployment in Indonesia

Indonesia Unemployment | Economic News & Forecasts

Indonesia - Unemployment

The economy likely contracted sharply in the second quarter due to containment measures at home and abroad. Retail sales were down around 20% in May, and the Central Bank expects a further double-digit decline in June, suggesting depressed private consumption. In addition, the manufacturing PMI was deep in contractionary territory throughout the quarter amid soft output and new orders. Moreover, administrative and communicative difficulties have hampered the rollout of the government’s USD 49 billion stimulus package, likely accentuating the downturn. While economic conditions should have improved at the tail end of Q2 and heading into Q3 thanks to the easing of social distancing restrictions in June and recoveries abroad, elevated new Covid-19 cases continue to dampen momentum, and risk the snap-back of health restrictions.

Indonesia - Unemployment Data

2015   2016   2017   2018   2019  
Unemployment Rate6.2  5.6  5.5  5.3  5.3  

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Indonesia Unemployment Chart

Indonesia Unemployment
Note: Unemployment in % of active population.
Source: Statistics Indonesia.

Indonesia Facts

Value Change Date
Bond Yield7.10-0.05 %Dec 31
Exchange Rate13,8830.05 %Jan 01

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