INDUSTRY.co.id – JAKARTA – Indonesia's economy grew by 5.31 percent in 2022, the highest growth rate recorded since 2014, as the country continued its strong recovery from the COVID-19 pandemic. The figure exceeded expectations and reinforced Indonesia's position as one of Southeast Asia's most resilient economies.
The strong performance was driven by robust domestic consumption, recovering commodity exports, and a series of government stimulus programs. Coordinating Minister for Economic Affairs Airlangga Hartarto highlighted the role of key initiatives including the development of Tourism Special Economic Zones (KEK), the Pre-Employment Card program, the Family Hope Program (PKH), and government support for electric vehicle adoption as growth catalysts.
"This achievement reflects the resilience of our people and the effectiveness of our recovery programs. Indonesia has demonstrated that it can grow strongly even in the face of global headwinds," said Airlangga at a press conference in Jakarta.
The economic recovery was broad-based, with growth recorded across manufacturing, trade, transportation, and services sectors. The tourism sector, which was among the hardest hit during the pandemic, showed significant signs of recovery in the second half of 2022 as international travel restrictions eased.
Despite recording a contraction in 2020 due to the pandemic, Indonesia's economy bounced back faster than many regional peers. The government's social protection programs helped sustain household consumption, while infrastructure investment continued at pace throughout the recovery period.
Looking ahead to 2023, the government projected continued growth despite global uncertainties including high inflation in developed economies and tightening monetary conditions. Indonesia's large domestic market, young population, and commodity wealth were cited as structural advantages supporting continued expansion.
