Macro-economic Data

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A. Demography and Macroeconomy

A.1 Population
VariableEnd of 2016End of 2015End of 2014SourcesVar ID
Total population261.12 million258.16 million255.13 million
WDI
A.1.1
Total number of households66.38 million65.59 million64.77 million
Country Editor
A.1.2
Average household size3.933.903.93
Country Editor
A.1.3
Urban population (% of total)54.47% of total53.74% of total53% of total
WDI
A.1.4
Urban population growth (annual %)2.48%2.57%2.65%
WDI
A.1.5
A.2 Economy
VariableEnd of 2016End of 2015End of 2014SourcesVar ID
GDP, current prices (U.S. dollars)932,448 USD (millions)858,953 USD (millions)891,051 USD (millions)
WEO
A.2.1
GDP based on PPP valuation of country GDP (Current international dollar)3,032,092 USD (millions)2,842,247 USD (millions)2,685,315 USD (millions)
WEO
A.2.2
GDP per capita, current prices (U.S. dollars)3,604.29 USD 3,362.36 USD 3,531.8 USD
WEO
A.2.3
GDP based on PPP per capita GDP (Current international dollar)11,720.27 USD 11,125.92 USD 10,649.05 USD
WEO
A.2.4
GDP, constant prices (Percent change)5.02%4.79%5.02%
WEO
A.2.5
Inflation, end of period consumer prices (Percent change)3.03%3.35%8.36%
WEO
A.2.6
GDP, deflator (Index)131.53128.56123.34
WEO
A.2.7
Consumer price index136.97132.30124.39
WEO
A.2.8
GINI Index  0.04
BPS, Indikator Pembangunan Berkelanjutan 2013
A.2.9
Median national annual household income 1,987.53 USD 1,962.78 USD
BPS
A.2.10
Median urban annual household income2,118.96 USD/year 2,728 USD/year
BPS
A.2.11
Urban minimum wages per month in USD148.69 USD 129.78 USD 127.36 USD
BPS
A.2.12
Growth in urban household income (%/year)A.2.13
Nominal8.7%9.8%8.37%
Country Editor
A.2.13.1
Employment (% of total laborforce)A.2.14
Self-employed16.9%17.01%17.87%
BPS
A.2.14.1
Informally employed61.3%61.3%63.03%
BPS
A.2.14.2
Unemployed5.61%6.18%5.94%
BPS
A.2.14.3
Interest Rates:A.2.15
Central bank lending/discount rate5.5%8%8%
BPS
A.2.15.1
Yield on 3 months treasury bills5.96%7.48%11.08%
IFS
A.2.15.2
Yield on 10-year Government bond7.72%8.25%8.27%
IFS
A.2.15.3
Average bank deposit rate7.17%8.34%8.75%
IFS
A.2.15.4
Lending rate11.89%12.66%12.61%
IFS
A.2.15.5
B. Housing Market
B.1 Housing Stock: Production, Transactions
VariableEnd of 2016End of 2015End of 2014SourcesVar ID
Number of dwelling units:B.1.1
Total66.38 million67.23 million65.49 million
BPS, Data Stock Perumnas
B.1.1.1
Total Urban  30.2 million
BPS
B.1.1.2
Percentage of vacant units  Not available
 
B.1.2
Characteristics of housing stock:B.1.3
Average dwelling unit size-existing  36 sq.mt
BPS Housing and Settlement Survey of 2004
B.1.3.1
% of substandard dwelling units  13% of total
BPS Housing and Settlement Survey of 2004
B.1.3.2
Tenure in urban areas (%):B.1.4
Owner-occupied units  Not available
 
B.1.4.1
% of owner units with a mortgage77% of total75.8% of total72.2% of total
Country Editor
B.1.4.2
Private rental units  8.36% of total
BPS; Housing and Settlement Statistics 2009
B.1.4.3
Public / social rental units  1.68% of total
BPS; Housing and Settlement Statistics 2009
B.1.4.4
Other forms of tenure   22.94% of total
Statistics Indonesia; Housing and Settlement Statistics 2009
B.1.4.5
Estimated Number of units completed/yearB.1.5
Formal sector/registered18,071 units15,608 units13,184 units
Perumnas
B.1.5.1
Informal sector/non-registered  600,000 units
Homi Report 2002 and estimate by Memoera - file provided in PDF
B.1.5.2
Number of recorded urban housing transactions/year725660828689
Perumnas
B.1.6
How complete is this measure for formal sector transactions?  incomplete
Country Editor
B.1.7
B.2 Housing Prices and Cost for Urban Areas or Capital City
VariableEnd of 2016End of 2015End of 2014SourcesVar ID
Median urban house price in USD:B.2.1
New housing2,094.73 USD 2,713.92 USD 15,613 USD
BTN Housing Index
B.2.1.1
Existing housing  Not available
 
B.2.1.2
Median house price to median annual HH income:B.2.2
Urban  5.8
SMF estimate
B.2.2.1
Annual average % change in median house prices:B.2.3
Yearly Rate3.14%5.57%11.51%
Bank Indonesia, IHPR Bank Indonesia
B.2.3.1
M2 construction cost for median quality houseB.2.4
National  85 USD/sq.mt
Bank Indonesia, IHPR Bank Indonesia
B.2.4.1
Urban  170 USD/sq.mt
Country Editor
B.2.4.2
Capital city  340 USD/sq.mt
Country Editor
B.2.4.3


back to top | Country Data:
Notes: (SBI)
Notes: (SBI)
Notes: (SBI)
Notes: index=100 in 2000.
Notes: Islamic mortgage subsidy program and Government housing subsidy.
Notes: pph (income tax).
Notes: 5th to 6th decile. For subsidized mortgages 3rd to 4th decile.
Notes: 5th to 6th decile. For subsidized mortgages 3rd to 4th decile.
Notes: Government housing subsidy allows choice between upfront and buy-down.
Notes: Government housing subsidy allows choice between upfront and buy-down.
Notes: Government housing subsidy allows choice between upfront and buy-down.
Notes: Government housing subsidy allows choice between upfront and buy-down.
Notes: Government housing subsidy allows choice between upfront and buy-down.
Notes: Government housing subsidy allows choice between upfront and buy-down.
Notes: Government housing subsidy allows choice between upfront and buy-down.
Notes: Government housing subsidy allows choice between upfront and buy-down.
Notes: Some experimentation with one year FRM and Indexed afterwards.
Notes:
Notes: 14 to 15%.
Notes: 2005 estimate
Notes: 2010 = 100
Notes: 2010 = 100
Notes: 3 Multifinance
Notes: 3 Multifinance
Notes: 3 Multifinance
Notes: 49% of this is private bank lending while 48% is government bank lending.
Notes: 5 months, if no barriers. Once the debitur defaults, the property will be confiscated. While the creditor has no right to acquire a property held in long term customary/ownership, the creditor has the right to sell the property through public auction (parate eksecution). The procedure takes about 3 months, then process starts to vacate the property, which takes approximately 2 additional months.
Notes: 5 months, if no barriers. Once the debitur defaults, the property will be confiscated. While the creditor has no right to acquire a property held in long term customary/ownership, the creditor has the right to sell the property through public auction (parate eksecution). The procedure takes about 3 months, then process starts to vacate the property, which takes approximately 2 additional months.
Notes: 7 to 8%.
Notes: 99.99% of all housing loans are originated in local currency
Notes: 99.99% of all housing loans are originated in local currency
Notes: 99.99% of all housing loans are originated in local currency
Notes: 99.99% of all housing loans are originated in local currency
Notes: 99.99% of all housing loans are originated in local currency
Notes: 99.99% of all housing loans are originated in local currency
Notes: 99.99% of all housing loans are originated in local currency
Notes: 99.99% of all housing loans are originated in local currency
Notes: 99.99% of all housing loans are originated in local currency
Notes: 99.99% of all housing loans are originated in local currency
Notes: All formal new construction is registered.
Notes: Appears after FLPP in 2012
Notes: Appears after FLPP in 2012
Notes: Average Mortgage (KPR) NPL for remaining year
Notes: Average Mortgage (KPR) NPL for remaining year
Notes: Average Mortgage (KPR) NPL for remaining year
Notes: Average taken over 2005-2008.
Notes: Bank Rakyat Indonesia
Notes: Bank Rakyat Indonesia
Notes: Bank Rakyat Indonesia
Notes: Bank Rakyat Indonesia
Notes: Bank Rakyat Indonesia
Notes: Bank Rakyat Indonesia
Notes: Bank Rakyat Indonesia
Notes: Bank Rakyat Indonesia
Notes: Bank Rakyat Indonesia
Notes: Bank Rakyat Indonesia
Notes: Banks and Multifinance (Non-depository) Institutions
Notes: Both buy-down and upfront subsidies are provided to 3 groups based on their monthly income. Group I income of Rp. 2.500,000 < Rp. 1,700,000, Group II income of Rp. 1,700,000 < Rp. 1,000,000, Group III income of < Rp, 1,000,000. Group I receives a subsidy of Rp. 7,500,000, with max house price of Rp. 49,000,000 (15%), Group II subsidy amount is Rp. 10,000,000, with max house price of 37,000,000 (27%), Group 3 subsidy amount is Rp.12,500,000, with max house price of 25,000,000 (50%)
Notes: Both buy-down and upfront subsidies are provided to 3 groups based on their monthly income. Group I income of Rp. 2.500,000 < Rp. 1,700,000, Group II income of Rp. 1,700,000 < Rp. 1,000,000, Group III income of < Rp, 1,000,000. Group I receives a subsidy of Rp. 7,500,000, with max house price of Rp. 49,000,000 (15%), Group II subsidy amount is Rp. 10,000,000, with max house price of 37,000,000 (27%), Group 3 subsidy amount is Rp.12,500,000, with max house price of 25,000,000 (50%)
Notes: Both buy-down and upfront subsidies are provided to 3 groups based on their monthly income. Group I income of Rp. 2.500,000 < Rp. 1,700,000, Group II income of Rp. 1,700,000 < Rp. 1,000,000, Group III income of < Rp, 1,000,000. Group I receives a subsidy of Rp. 7,500,000, with max house price of Rp. 49,000,000 (15%), Group II subsidy amount is Rp. 10,000,000, with max house price of 37,000,000 (27%), Group 3 subsidy amount is Rp.12,500,000, with max house price of 25,000,000 (50%)
Notes: Both buy-down and upfront subsidies are provided to 3 groups based on their monthly income. Group I income of Rp. 2.500,000 < Rp. 1,700,000, Group II income of Rp. 1,700,000 < Rp. 1,000,000, Group III income of < Rp, 1,000,000. Group I receives a subsidy of Rp. 7,500,000, with max house price of Rp. 49,000,000 (15%), Group II subsidy amount is Rp. 10,000,000, with max house price of 37,000,000 (27%), Group 3 subsidy amount is Rp.12,500,000, with max house price of 25,000,000 (50%)
Notes: BTN
Notes: Country Editor's Judgment and Historical Answer
Notes: Country Editor's Judgment and Historical Answer
Notes: Country Editor's Judgment and Historical Answer
Notes: Depending on source of funds
Notes: Depending on source of funds.
Notes: Depends on the area, but between 1.25% and 2% of loan amount. Mortgage Value + PNBP. Mortgage Value : determined by bank, based on its risk appetite. PNBP : Penerimaan Negara Bukan Pajak, refer to the Attachment of Government Regulation No. 13 year 2010. Figure calculated as 1.25% of median urban house price for new housing (USD $17940).
Notes: Depends on the area, but between 1.25% and 2% of loan amount. Mortgage Value + PNBP. Mortgage Value : determined by bank, based on its risk appetite. PNBP : Penerimaan Negara Bukan Pajak, refer to the Attachment of Government Regulation No. 13 year 2010. Figure calculated as 1.25% of median urban house price for new housing (USD $17940).
Notes: Does not exist
Notes: Does not exist
Notes: Does not exist
Notes: Does not exist
Notes: Does not exist
Notes: Each lender develops its own credit scoring system; credit bureau information is just one input.
Notes: End of year central bank rate
Notes: Estimate based on new construction figures.
Notes: Expenditure base.
Notes: FLPP
Notes: FLPP
Notes: FLPP
Notes: Government housing subsidy allows choice between upfront and buy-down.
Notes: Government housing subsidy allows choice between upfront and buy-down.
Notes: IHPR (Price Index Properti Residential) calculated with simple index maintained by Central Bank on new residential construction in 14 cities.
Notes: Islamic mortgage subsidy program and Government housing subsidy.
Notes: Islamic Sharia compliant banks.
Notes: Jamkrindo and Askrindo are both state-owned enterprises that have been given special mandates by the Government to guarantee credit and financing
Notes: Jamkrindo and Askrindo are both state-owned enterprises that have been given special mandates by the Government to guarantee credit and financing
Notes: Jamkrindo and Askrindo are both state-owned enterprises that have been given special mandates by the Government to guarantee credit and financing
Notes: Jamkrindo and Askrindo are both state-owned enterprises that have been given special mandates by the Government to guarantee credit and financing
Notes: Jamkrindo and Askrindo are both state-owned enterprises that have been given special mandates by the Government to guarantee credit and financing
Notes: Jamkrindo and Askrindo are both state-owned enterprises that have been given special mandates by the Government to guarantee credit and financing
Notes: Jamkrindo and Askrindo are both state-owned enterprises that have been given special mandates by the Government to guarantee credit and financing
Notes: Jamkrindo and Askrindo are both state-owned enterprises that have been given special mandates by the Government to guarantee credit and financing
Notes: Jamkrindo and Askrindo are both state-owned enterprises that have been given special mandates by the Government to guarantee credit and financing
Notes: Jamkrindo and Askrindo are both state-owned enterprises that have been given special mandates by the Government to guarantee credit and financing
Notes: Jamkrindo and Askrindo are both state-owned enterprises that have been given special mandates by the Government to guarantee credit and financing
Notes: Jamkrindo was founded in year 1970, Askrindo was founded in year 1971
Notes: Jamkrindo was founded in year 1970, Askrindo was founded in year 1971
Notes: Jamkrindo was founded in year 1970, Askrindo was founded in year 1971
Notes: Jamkrindo was founded in year 1970, Askrindo was founded in year 1971
Notes: Jamkrindo was founded in year 1970, Askrindo was founded in year 1971
Notes: Jamkrindo was founded in year 1970, Askrindo was founded in year 1971
Notes: Jamkrindo was founded in year 1970, Askrindo was founded in year 1971
Notes: Jamkrindo was founded in year 1970, Askrindo was founded in year 1971
Notes: Jamkrindo was founded in year 1970, Askrindo was founded in year 1971
Notes: Jamkrindo was founded in year 1970, Askrindo was founded in year 1971
Notes: Jamkrindo was founded in year 1970, Askrindo was founded in year 1971
Notes: Jamkrindo was founded in year 1970, Askrindo was founded in year 1971
Notes: Jamkrindo was founded in year 1970, Askrindo was founded in year 1971
Notes: Jamkrindo was founded in year 1970, Askrindo was founded in year 1971
Notes: Jamkrindo was founded in year 1970, Askrindo was founded in year 1971
Notes: Jamkrindo was founded in year 1970, Askrindo was founded in year 1971
Notes: Jamkrindo was founded in year 1970, Askrindo was founded in year 1971
Notes: Judgement and Historical Answer
Notes: Judgement and Historical Answer
Notes: Judgement and Historical Answer
Notes: Judgement and Historical Answer
Notes: Judgement and Historical Answer
Notes: Liens are only used on moveable property.
Notes: Liens are only used on moveable property.
Notes: Multi-finance company
Notes: Multi-finance company
Notes: Multi-finance company
Notes: Multi-finance company
Notes: Multi-finance company
Notes: Multifinance/ non-depository.
Notes: Negligible; 0.1%.
Notes: Not for mortgages.
Notes: Not for mortgages.
Notes: Not yet a major source, but growing.
Notes: Not yet a major source, but growing.
Notes: Only on old portfolios.
Notes: Only on old portfolios.
Notes: Outstanding loan / Outstanding loan total credit
Notes: Outstanding loan / Outstanding loan total credit
Notes: Outstanding loan/GDP
Notes: Outstanding loan/GDP
Notes: PBB (land tax and building)
Notes: PBB (land tax and building)
Notes: pph (income tax).
Notes: Rough estimate; BTN makes most subsidized mortgages.
Notes: Rp 101,000 billion estimate. IMF end of period market exchange rate for December 2008 used (Rp 11,243.80 = 1 USD).
Notes: Rp 152.33 million. IMF annual average market exchange rate for 2008 (Rp 9,756.75 = 1 USD). IHPR (Price Index Properti Residential) calculated with index simple to relate method.
Notes: Rp 812,141 / month. Province minimum wage. Exchange rate calculated as Federal Reserve average rates for 2005 - 2008 (Rp 8,491 = 1 USD).
Notes: Rp. 100,000
Notes: Rp. 100,000
Notes: Rp. 2.2 million/month. Figure is a rough estimate and derived from the Susenast 2004 household expenditure survey. IMF annual average market exchange rate for 2008 (Rp 9,676.60 = 1 USD).
Notes: Since the effective date of Government Regulation Number 13 year 2010 (Jan, 22nd 2010), the title related fees have increased form Rp. 25.000($3) to Rp. 50.000 ($6).
Notes: Since the effective date of Government Regulation Number 13 year 2010 (Jan, 22nd 2010), the title related fees have increased form Rp. 25.000($3) to Rp. 50.000 ($6).
Notes: Small.
Notes: SMF
Notes: SMF - liquidity facility established by the government
Notes: SMF - liquidity facility established by the government
Notes: SMF - liquidity facility established by the government
Notes: SMF - liquidity facility established by the government
Notes: SMF - liquidity facility established by the government
Notes: SMF - liquidity facility established by the government
Notes: SMF - liquidity facility established by the government
Notes: SMF - liquidity facility established by the government
Notes: Some experimentation with one year FRM and Indexed afterwards.
Notes: Some experimentation with one year FRM and Indexed afterwards.
Notes: Source BI SBDK KPR Bank Umum bank dengan sbdk dianggap sebagai originator Mortgage Interest Rate (SBDK) end of des
Notes: Source BI SBDK KPR Bank Umum bank dengan sbdk dianggap sebagai originator Mortgage Interest Rate (SBDK) end of des
Notes: Source BI SBDK KPR Bank Umum bank originator dibagi seluruh bank Mortgage Interest Rate (SBDK) end of feb
Notes: Source BI SBDK KPR Bank Umum bank originator dibagi seluruh bank Mortgage Interest Rate (SBDK) end of feb
Notes: The BPS Housing and Settlement Survey of 2004 shows 95% of the housing stock in fairly good condition according to owner's assessment. 7.4 million units are estimated to be substandard by the State Ministry of Housing.
Notes: The only FRM are the old BTN subsidized portfolio now being paid off.
Notes: The only FRM are the old BTN subsidized portfolio now being paid off.
Notes: type 46-70 sq m2, average exchange rate
Notes: type 46-70 sq m2, average exchange rate
Notes: UU Perdata, UU hak Tanggungan
Notes: UU Perdata, UU hak Tanggungan
Notes: wages statistics
Notes: Wages Statistics Table 02.2