Indonesia's economic growth in 2010-2021

Indonesia has experienced significant economic growth over the last decade, from 2010 to 2020. At
the beginning of the decade, Indonesia experienced fairly stable economic growth, but was under
pressure due to the global financial crisis in 2011. However, since then, Indonesia has managed to
maintain its economic growth. and even experienced a considerable increase in the following years.

In 2010, Indonesia's economic growth reached 6.2%, rose to 6.5% in 2011, then fell to 6.2% in 2012
due to the global economic slowdown. However, since then Indonesia's economic growth has
continued to increase until it reaches its peak in 2013 with growth reaching 6.5%. In 2014,
Indonesia's economic growth reached 5.0%, followed by 4.9% in 2015. However, in 2016, Indonesia's
economic growth again increased to 5.0%, and in 2017 it even reached 5.1%. In 2018, Indonesia
managed to record economic growth of 5.2%, followed by 5.0% in 2019.

However, the COVID-19 pandemic that hit the world in 2020 had a significant impact on Indonesia's
economic growth. In that year, Indonesia's economic growth only reached 2.9%, which is the lowest
figure since 1999. in 2020, Indonesia's economic growth decreased significantly to -2.1% due to the
impact of the COVID-19 pandemic which hit the whole world. Nonetheless, in 2021, Indonesia's
economic growth is expected to reach 4.4% and in 2022 it is expected to increase to 5.1%.

The Indonesian government's efforts to increase economic growth through various programs such as
infrastructure programs, tax policies, and structural reforms, have had a positive impact on
Indonesia's economic growth. Even though there are still challenges such as global uncertainty and
fluctuations in commodity prices, the Indonesian government continues to strive to increase
economic growth by launching new programs aimed at increasing competitiveness and investment in
Indonesia.