Latest reading: Retail sales increased 3.3% on a year-on-year basis in January, following a 5.0% rise in the prior month....
Retail Sales in Indonesia
The Indonesian economy recorded an average growth rate of 4.4% in retail sales over the decade to 2024, below ASEAN's average of 4.4%. In 2024, Indonesia's retail sales growth was 3.1%.
Indonesia Retail Chart
Note: This chart displays Retail Sales (ann. var. %) for Indonesia from 2014 to 2025.
Source: Macrobond.
Indonesia Retail Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Retail Sales (ann. var. %) | -11.9 | 0.0 | 6.0 | 1.5 | 3.1 |
Retail sales accelerate in January
Latest reading: Retail sales rose 7.9% year on year in January, following a 3.5% increase in December. The reading was likely flattered by a low base effect due to the timing of the Lunar New Year. Relative to the prior month's figures, readings in January improved for food, beverages, and tobacco (+9.7% on a year-on-year basis vs +5.9% in December), automotive fuels (+0.2% vs -7.1% in December), cultural and recreation goods (+15.5% vs +5.2% in December) and information and communication equipment (-18.8% vs -30.2% in December). In contrast, the reading worsened for motor vehicles, parts and accessories (+11.9% vs +14.8% in December).
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Indonesian retail projections for the next ten years from a panel of 3 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable retail forecast available for Indonesian retail.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Indonesian retail projections.
Want to get access to the full dataset of Indonesian retail forecasts? Send an email to info@focus-economics.com.
Latest Global Retail News
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