Indonesia’s economic growth, as measured by Gross Domestic Product (GDP), recorded an expansion of 5.04% YoY in 3Q25, easing from 5.12% YoY in 2Q25 and coming in above the market consensus of 5.00% YoY. Nominal GDP in 3Q25 reached Rp6,060.0 trillion, while real GDP stood at Rp3,444.8 trillion. All expenditure components posted positive growth. Household consumption, which remained the most significant contributor with a 53.14%, grew 4.89% YoY. Moreover, Gross Fixed Capital Formation (GFCF) contributed 29.09% to total GDP and expanded 5.04% YoY, supported by infrastructure development such as national housing initiatives and investment in machinery. Meanwhile, the contribution of net exports to GDP increased to 3.47% as import growth slowed sharply to 1.18% YoY in 3Q25, down from 11.48% YoY in 2Q25, driven by a significant decline in imports of machinery, transportation equipment, and manufactured goods