Despite the global economic slowdown, Indonesia’s economy is able to advance by 5.02% yoy in 2016 supported by strong domestic consumption, reviving export and investment. Although this is still below our historical growth rate of 5.8% during 2005-2015, this rate of growth is still favorable compared to peer countries. Our robust economic growth is also supported by stable macroeconomic environment.
In 2016, inflation was registered at 3.02%, a continued record of contained inflation period after charted an inflation hike in 2013 of 8.4% yoy and 2014 of 8.4% yoy. Our latest figure of inflation for March 2017 is 3.61% yoy, which is still within our target range of 4±1%. 24.