National economic growth reached more than 5.0% before the Covid-19 pandemic and recorded an average of 3.38% in the 2017 - 2021 period. Even the economic contraction during the Covid-19 pandemic stood at 2.07%, among the smallest in the world. Macroeconomic stability has also been maintained.
The average inflation rate was relatively low at 2.60% and never exceeded its target, thus supporting high economic growth. Moreover, the average depreciation of the Rupiah exchange rate was recorded as low as 1.18% with the highest depreciation of 5.97% in 2018 before an appreciation of 3.44% in 2019, thereby volatility was also low.