Unemployment in Indonesia

Indonesia Unemployment | Economic News & Forecasts

Indonesia - Unemployment

Growth was likely broadly unchanged in the third quarter. Private consumption should have been solid, bolstered by looser monetary policy and notwithstanding ebbing consumer confidence and softer retail sales. Moreover, government measures to tame imports ought to have supported the external sector’s contribution to growth. However, this same import compression likely held back fixed investment growth, while exports seem to have suffered from weak global momentum, as suggested by sharp contractions in merchandise exports in July and August. In addition, the challenging external environment appeared to hit the manufacturing sector, with the manufacturing PMI in Q3 averaging lower than in Q2. Meanwhile, in late September, Parliament approved the 2020 budget, which sets a 1.8% fiscal deficit target and aims for growth of 5.3%. Our panelists see both figures as slightly optimistic.

Indonesia - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate6.2  5.9  6.2  5.6  5.5  

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Indonesia Unemployment Chart

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

Indonesia Facts

Bond Yield7.35-0.05 %Sep 04
Exchange Rate14,1530.05 %Sep 04
Stock Market6,270-0.32 %Sep 04

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