IMF ranks Indonesia 8th in the world for PPP-based GDP in 2024
The IMF has placed Indonesia's GDP based on purchasing power parity (PPP) in 2024 at the 8th position in the world, with $4.98 trillion.
Indonesia's economy in 2025 and 2026 will grow by 5.1% year-on-year, unchanged from the IMF’s projection in October 2024. Photo courtesy of Expat Indonesia.
Indonesia surpasses France ($4.36 trillion) and the UK ( $4.28 trillion).
The PPP-based GDP method compares standards of living and prices of goods and services between countries.
China prevails as the country with the highest PPP-based GDP in 2024, with $37.07 trillion, followed by the U.S. ($29.17 trillion).
India and Russia claim the third and fourth places, with $16.02 trillion and $6.9 trillion, respectively. Japan holds the fifth place with $6.57 trillion.
In the sixth position, Germany chalked up a GDP figure of $6.02 trillion, followed by Brazil at $4.7 trillion and Indonesia at $4.66 trillion.
Meanwhile, citing the World Economic Outlook (WEO) Update data released by the IMF in January 2025, global economic growth in 2025 and 2026 is projected at 3.3%, or below the historical average from 2000 to 2019 of 3.7%.
The IMF projects that Indonesia's economy in 2025 and 2026 will grow by 5.1% year-on-year, unchanged from the IMF’s projection in October 2024.
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