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Indonesia's Q2 2026 GDP Grows 5.29%, Outpacing Forecasts
Indonesia’s economy expanded 5.29% year‑on‑year in the second quarter of 2026, slower than the first quarter but above the median Reuters forecast of 5.10%. Household consumption rose 5.06% while government spending surged 15.97%, driven by higher civil‑servant wages and fuel‑subsidy outlays. Manufacturing’s share of growth fell, though the sector still recorded positive expansion.
The latest BPS data show the number of people living in poverty fell to 22.93 million in March 2026 (down 430 000 from September 2025), reducing the poverty rate to 8.07% from 8.25%. The official poverty line was raised to Rp 669 235 per capita per month, a 4.33% increase. At the same time, the Gini ratio rose to 0.368, up 0.005 points since September 2025, indicating widening income inequality.
Finance Minister Purbaya Yudhi Sadewa announced that the planned 0.5% marketplace tax, originally set to start in August 2026, will be postponed pending better economic conditions. He also granted a three‑year tax exemption for transactions related to the consolidation of state‑owned enterprises under the Danantara programme. The rupiah strengthened to about Rp 17 933 per US dollar amid positive market sentiment.
Entities
Badan Pusat Statistik (BPS) · Bank Indonesia · Bank Negara Indonesia (BNI) · Brent crude · Coordinating Minister for Economic Affairs Airlangga Hartarto · DBS Group Holdings · Finance Minister Purbaya Yudhi Sadewa · Indonesia · Indonesian rupiah · Jakarta Composite Index · Jakarta Composite Index · Ministry of Finance
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 2 SOURCES] Palantir shares surged more than 25 % after better‑than‑expected Q2 results and raised full‑year guidance.
- [● 2 SOURCES] U.S. crude oil futures fell $4.66 (5.80 %) to $75.68 per barrel.
- [○ 1 SOURCE] Taiwan Stock Exchange index fell 25.75 points to 43,360.66.
- [○ 1 SOURCE] Jakarta Composite Index rose 85.12 points to 6,319.61.
- [○ 1 SOURCE] U.S. West Texas Intermediate futures fell $1.07 to US$74.70 per barrel on 5 Aug 2026.
- [○ 1 SOURCE] Brent crude futures dropped 92 cents to US$78.44 per barrel on 5 Aug 2026.
- [○ 1 SOURCE] Oil prices have fallen more than 12 % for the week ending 5 Aug 2026.
- [○ 1 SOURCE] Qatar said mediators were making progress toward ending the Iran‑U.S. conflict.
- [● 2 SOURCES] The number of people living in poverty in Indonesia fell to 22.93 million in March 2026, a rate of 8.07%. ekonomi.republika.co.id · economy.okezone.com
- [○ 1 SOURCE] The Indonesian rupiah strengthened to 17 972 per US dollar on 5 August 2026.
- [○ 1 SOURCE] The Gini ratio in Indonesia rose to 0.368 in March 2026, up 0.005 points from September 2025. www.viva.co.id
- [● 3 SOURCES] Indonesia’s GDP grew 5.29 % year‑on‑year in the second quarter of 2026, beating the Reuters forecast of 5.10 %. wxerfm.com · kfgo.com · wtvbam.com