In 2024, Indonesia has firmly established itself as one of the world's largest economies, ranking eighth in terms of Gross Domestic Product (GDP) based on purchasing power parity (PPP).
With a GDP valued at $4.98 trillion under this measure, Indonesia sits just behind Brazil while surpassing France and the United Kingdom.
The International Monetary Fund (IMF) explains that the PPP approach provides a more accurate comparison of living standards and the cost of goods across countries.
At the top of the global ranking, China leads, followed by the United States, India, and Russia, with Japan and Germany also ahead of Indonesia.
Looking ahead, the IMF anticipates steady economic growth for Indonesia, projecting a 5.1 percent annual increase in both 2025 and 2026—consistent with earlier forecasts.
