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The Minister Of Home Affairs States That Indonesia's Economic Growth Surpasses That Of Singapore And Malaysia

The Minister of Home Affairs of Indonesia, Tito Karnavian, stated that Indonesia's economic growth remains superior compared to other Southeast Asian nations such as Singapore and Malaysia. He noted that the current economic growth rate in Indonesia is above 5 percent, surpassing its neighboring countries. "Our growth rate of 5.02 percent is commendable, exceeding that of Malaysia, Singapore, Laos, Thailand, Myanmar, and especially Timor Leste, which is experiencing an economic contraction of minus 18.1 percent," Tito remarked during a press statement following a coordination meeting on Monday, March 24, 2025. He emphasized that Indonesia's economy continues to grow despite negative sentiments stemming from a recent decline in the Composite Stock Price Index (IHSG). 

The former Chief of Police also highlighted that Indonesia ranks 41st out of 185 countries in terms of global economic growth. 

Within the G20 nations, Indonesia holds the third position, following India and China. "Despite some unfavorable indicators regarding the Composite Stock Price Index, Indonesia's economic growth remains above 5 percent, specifically at 5.02 percent," he added. Tito pointed out that economic growth can also be observed at the regional level, although some areas, such as Bangka Belitung, Papua, West Sulawesi, Riau, and Gorontalo, are experiencing slowdowns. 

The Minister also drew attention to the peak harvest of rice and corn occurring in several regions, which ensures that the supply of these commodities meets public demand. "Our rice stock is sufficient. Later, Ms. Epi Sulandari (a representative from Bulog) will provide further details. Our rice reserves are very high. Therefore, the purchasing power of the public remains intact, and the supply is adequate," he concluded. 

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Tag: Malaysia Singapore Tito Karnavian