Indonesia posts 5.61% GDP growth in first quarter, buoyed by Eid spending

Government subsidies tame inflation, but risks loom as rupiah hits new low

Millions of Indonesian Muslims traveled to their hometowns for Eid al-Fitr, which fell in late March this year. Increased household spending during the holiday helped the economy grow 5.61% on an annualized basis in the first quarter of 2026. © Reuters

JAKARTA -- Indonesia on Tuesday reported 5.61% year-on-year economic growth for the January-March quarter as government subsidies supported spending during the Islamic fasting month of Ramadan and the Eid al-Fitr holiday.