The benchmark interest rate in Indonesia was last recorded at 5.75 percent. This dataset provides - Indonesia Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The statistic depicts the average interest rate on savings of foreign exchange commercial banks in Indonesia from 2013 to 2019. In 2019, the average interest rate on a saving account amounted to 1.26 percent.

Indonesia Comm Bank: Credit Interest Rate: Rupiah: Household: For House data was reported at 8.977 % in May 2019. This records a decrease from the previous number of 9.032 % for Apr 2019. Indonesia Comm Bank: Credit Interest Rate: Rupiah: Household: For House data is updated monthly, averaging 10.726 % from Jan 2011 (Median) to May 2019, with 101 observations. The data reached an all-time high of 11.392 % in Feb 2011 and a record low of 8.977 % in May 2019. Indonesia Comm Bank: Credit Interest Rate: Rupiah: Household: For House data remains active status in CEIC and is reported by Indonesia Financial Services Authority. The data is categorized under Global Database’s Indonesia – Table ID.KAD034: Commercial Banks: Credit Interest Rate.

The real interest rate in Indonesia increased by 8.2 percentage points compared to the previous year. This was a significant increase in the real interest rate. Real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator.Find more statistics on other topics about Indonesia with key insights such as broad money as a percentage of GDP, deposit interest rate, and domestic credit to the private sector as a share of GDP.

Indonesia BLS: Loan Interest Rate: in Forex: Investment data was reported at 6.511 % in Jun 2019. This records an increase from the previous number of 6.279 % for Mar 2019. Indonesia BLS: Loan Interest Rate: in Forex: Investment data is updated quarterly, averaging 7.080 % from Dec 1999 (Median) to Jun 2019, with 79 observations. The data reached an all-time high of 12.000 % in Dec 1999 and a record low of 6.006 % in Mar 2017. Indonesia BLS: Loan Interest Rate: in Forex: Investment data remains active status in CEIC and is reported by Bank of Indonesia. The data is categorized under Global Database’s Indonesia – Table ID.SD001: Banking Survey.

This statistic shows the average inflation rate in Indonesia from 1987 to 2023, with projections up until 2029. In 2023, the average inflation rate in Indonesia amounted to about 3.71 percent compared to the previous year.

The global financial crisis and economic consequences

The global economy underwent a drastic slump due to the global financial crisis in 2008, which caused a continued increase in the general level of prices of goods and services; the highest recorded global inflation of the past decade took place in 2008, when the global inflation rate increased by more than 6.4 percent in comparison with the previous year. As for Indonesia, the country's inflation rate amounted to around 9.8 percent in comparison to the previous year.

The financial crisis also impacted the global unemployment rate. In 2009, the global unemployment rate jumped to around 6.2 percent, and it is not expected to recover to pre-crisis levels anytime soon. The financial crisis impact on the Indonesian economy was slightly more severe: In 2008, the unemployment rate in Indonesia was around 8.4 percent, much higher than the global unemployment rate for the same year. It has, however, now decreased significantly, even though it is still not below the global level, the country itself has reached lower levels than before the crisis.

After the financial crisis, the Indonesian government implemented several economic reforms and increased exports in order to strengthen the economy. In 2011, Indonesia exported goods with a value of more than 200 billion U.S. dollars. The main export partners of Indonesia are Japan, China and Singapore. As a result of increased exports, the Indonesian economy was able to grow, making Indonesia one of the twenty nations in the world with the largest gross domestic product in 2015.

Indonesia BLS: Exp: Loan Interest Rate: in Rp: Consumption data was reported at 13.247 % in Sep 2019. This records an increase from the previous number of 12.912 % for Jun 2019. Indonesia BLS: Exp: Loan Interest Rate: in Rp: Consumption data is updated quarterly, averaging 15.062 % from Dec 2009 (Median) to Sep 2019, with 40 observations. The data reached an all-time high of 16.620 % in Jun 2011 and a record low of 8.140 % in Mar 2013. Indonesia BLS: Exp: Loan Interest Rate: in Rp: Consumption data remains active status in CEIC and is reported by Bank of Indonesia. The data is categorized under Global Database’s Indonesia – Table ID.SD001: Banking Survey.

The statistic depicts the average interest rate on demand deposits of foreign exchange commercial banks in Indonesia from 2013 to 2019. In 2019, the average interest rate on a demand deposit amounted to 1.95 percent.

Indonesia BLS: Expectation: Loan Interest Rate: in Rp: Working Capital data was reported at 11.488 % in Sep 2019. This records an increase from the previous number of 11.382 % for Jun 2019. Indonesia BLS: Expectation: Loan Interest Rate: in Rp: Working Capital data is updated quarterly, averaging 12.945 % from Dec 2009 (Median) to Sep 2019, with 40 observations. The data reached an all-time high of 13.740 % in Sep 2015 and a record low of 8.140 % in Mar 2013. Indonesia BLS: Expectation: Loan Interest Rate: in Rp: Working Capital data remains active status in CEIC and is reported by Bank of Indonesia. The data is categorized under Global Database’s Indonesia – Table ID.SD001: Banking Survey.

Indonesia Comm Bank: Credit Interest Rate: Rupiah: Agriculture,Hunt,Forestry data was reported at 10.120 % in May 2019. This records a decrease from the previous number of 10.127 % for Apr 2019. Indonesia Comm Bank: Credit Interest Rate: Rupiah: Agriculture,Hunt,Forestry data is updated monthly, averaging 11.360 % from Jan 2011 (Median) to May 2019, with 101 observations. The data reached an all-time high of 12.193 % in Jun 2015 and a record low of 9.921 % in Dec 2018. Indonesia Comm Bank: Credit Interest Rate: Rupiah: Agriculture,Hunt,Forestry data remains active status in CEIC and is reported by Indonesia Financial Services Authority. The data is categorized under Global Database’s Indonesia – Table ID.KAD034: Commercial Banks: Credit Interest Rate.

In 2023, the deposit interest rate in Indonesia increased by 1.4 percentage points (+43.61 percent) compared to 2022. In total, the deposit interest rate amounted to 4.63 percent in 2023. This increase was preceded by a declining deposit interest rate.Deposit rate refers to the amount of money paid out in interest by a bank of financial institution on cash deposits.Find more statistics on other topics about Indonesia with key insights such as domestic credit to the private sector as a share of GDP, real interest rate, and broad money as a percentage of GDP.

Indonesia BLS: Fund Interest Rate: Avg: in Rp: Loanable Fund Cost data was reported at 9.571 % in Jun 2019. This records an increase from the previous number of 9.380 % for Mar 2019. Indonesia BLS: Fund Interest Rate: Avg: in Rp: Loanable Fund Cost data is updated quarterly, averaging 9.525 % from Mar 2001 (Median) to Jun 2019, with 74 observations. The data reached an all-time high of 18.310 % in Mar 2002 and a record low of 7.850 % in Jun 2010. Indonesia BLS: Fund Interest Rate: Avg: in Rp: Loanable Fund Cost data remains active status in CEIC and is reported by Bank of Indonesia. The data is categorized under Global Database’s Indonesia – Table ID.SD001: Banking Survey.

Indonesia Lending Rate USD: Working Capital: Commercial Bank data was reported at 4.470 % pa in Jun 2019. This records an increase from the previous number of 4.390 % pa for May 2019. Indonesia Lending Rate USD: Working Capital: Commercial Bank data is updated monthly, averaging 5.520 % pa from Sep 2000 (Median) to Jun 2019, with 226 observations. The data reached an all-time high of 10.170 % pa in Nov 2000 and a record low of 3.760 % pa in Apr 2014. Indonesia Lending Rate USD: Working Capital: Commercial Bank data remains active status in CEIC and is reported by Bank of Indonesia. The data is categorized under Global Database’s Indonesia – Table ID.MB003: Lending Rate: By Banks.

In 2022, the value of credit card transactions in Indonesia amounted to 315.7 trillion Indonesian rupiah. The credit card transaction value in Indonesia decreased in 2020 due to the COVID-19 crisis. However, since May 2020, Indonesia's central bank has cut the maximum credit card interest rate from 2.25 to 2 percent per month to boost Indonesia's economic recovery from the crisis.

The forecast estimated that about 47.6 percent of the mobile phone users were going to have a smartphone in 2019. As smartphones became the standard in 2019, the penetration rate compared to the population says more about the interest of the Indonesian population in smartphones. In 2019, the penetration rate of smartphones in Indonesia reached almost 64 percent.

Smartphone usage in Indonesia

In 2014, an estimated 33 percent of mobile phone users in Indonesia owned a smartphone and this figure was projected to almost double to 48 percent by 2019. The number of mobile phone users in the country stood at around 123 million in 2013 and was expected to rise to over 193 million people by 2019. This would have meant that a projected 92 million people in Indonesia owned a smartphone in 2019. Recent data shows that the actual number of smartphone users already reached over 170 million in Indonesia.

Android was on the rise

As of December 2014, the most popular mobile operating system in Indonesia was Android, with the Google-backed OS holding a market share of just under 60 percent. Its closest competitor was Series 40, used in Nokia phones, which held a share of around 10 percent. Although Apple’s iOS was the second most popular smartphone operating system worldwide, it held just a 3.85 percent share of the Indonesian mobile market at the end of 2014.

Chatting was one of the most popular activities on the mobile internet

An increasing number of people in Indonesia are using their mobile phones to access the internet. In 2015, mobile phone internet user penetration in the country was at 33.85 percent and this is expected to more than double to 86.79 percent by 2025. As of 2014, some of the most popular online services amongst mobile internet users in Indonesia were Gmail, Yahoo Mail, and BlackBerry Messenger (BBM). BBM was the preferred mobile messenger app of smartphone users in the country in 2014, with 76 percent of users stating that they used the service to message friends.

Indonesia BLS: Exp: Fund Interest Rate: Avg: in Forex: Cost of Funds data was reported at 2.663 % in Sep 2019. This records an increase from the previous number of 2.102 % for Jun 2019. Indonesia BLS: Exp: Fund Interest Rate: Avg: in Forex: Cost of Funds data is updated quarterly, averaging 1.620 % from Dec 2009 (Median) to Sep 2019, with 40 observations. The data reached an all-time high of 2.663 % in Sep 2019 and a record low of 1.320 % in Sep 2010. Indonesia BLS: Exp: Fund Interest Rate: Avg: in Forex: Cost of Funds data remains active status in CEIC and is reported by Bank of Indonesia. The data is categorized under Global Database’s Indonesia – Table ID.SD001: Banking Survey.

Indonesia BLS: Fund Interest Rate: Avg: in Rp: Fund Cost data was reported at 6.254 % in Jun 2019. This records an increase from the previous number of 6.017 % for Mar 2019. Indonesia BLS: Fund Interest Rate: Avg: in Rp: Fund Cost data is updated quarterly, averaging 6.660 % from Dec 1999 (Median) to Jun 2019, with 79 observations. The data reached an all-time high of 15.080 % in Mar 2002 and a record low of 4.850 % in Dec 2013. Indonesia BLS: Fund Interest Rate: Avg: in Rp: Fund Cost data remains active status in CEIC and is reported by Bank of Indonesia. The data is categorized under Global Database’s Indonesia – Table ID.SD001: Banking Survey.

Indonesia Comm Bank: CIR: RP: Construction data was reported at 10.415 % in May 2019. This records a decrease from the previous number of 10.475 % for Apr 2019. Indonesia Comm Bank: CIR: RP: Construction data is updated monthly, averaging 11.753 % from Jan 2011 (Median) to May 2019, with 101 observations. The data reached an all-time high of 12.880 % in Dec 2014 and a record low of 10.415 % in May 2019. Indonesia Comm Bank: CIR: RP: Construction data remains active status in CEIC and is reported by Indonesia Financial Services Authority. The data is categorized under Global Database’s Indonesia – Table ID.KAD034: Commercial Banks: Credit Interest Rate.

Indonesia Comm Bank: CIR: RP: Real Estate,Rental Business & Property Services data was reported at 10.602 % in May 2019. This records a decrease from the previous number of 10.652 % for Apr 2019. Indonesia Comm Bank: CIR: RP: Real Estate,Rental Business & Property Services data is updated monthly, averaging 12.222 % from Jan 2011 (Median) to May 2019, with 101 observations. The data reached an all-time high of 13.142 % in Jan 2011 and a record low of 10.602 % in May 2019. Indonesia Comm Bank: CIR: RP: Real Estate,Rental Business & Property Services data remains active status in CEIC and is reported by Indonesia Financial Services Authority. The data is categorized under Global Database’s Indonesia – Table ID.KAD034: Commercial Banks: Credit Interest Rate.

Indonesia Comm Bank: CIR: FC: Fisheries data was reported at 5.110 % in May 2019. This records a decrease from the previous number of 5.262 % for Apr 2019. Indonesia Comm Bank: CIR: FC: Fisheries data is updated monthly, averaging 6.329 % from Jan 2011 (Median) to May 2019, with 101 observations. The data reached an all-time high of 7.918 % in Jul 2011 and a record low of 4.641 % in Dec 2018. Indonesia Comm Bank: CIR: FC: Fisheries data remains active status in CEIC and is reported by Indonesia Financial Services Authority. The data is categorized under Global Database’s Indonesia – Table ID.KAD034: Commercial Banks: Credit Interest Rate.