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A free report from Cimigo market research on Indonesia Consumer Trends report 2024. Cimigo assesses the consumer trends and expectations for 2024 in Indonesia. Discover the economic, social and consumer trends in Indonesia.
Indonesia’s long-term outlook
Indonesia is on track for sustained economic growth, bolstered by a young, productive workforce, urbanisation, and a rapidly expanding digital economy. However, challenges persist, including income inequality, inflation management, and price-sensitive consumer behaviour. Businesses that leverage Indonesia’s digital transformation and rising household affluence will be well-positioned for long-term success.
A key enabler of Indonesia’s growth is its demographic dividend, with 69% of the population in the working-age group and a low dependency ratio. Over the past decade, Indonesia has achieved decent GDP growth, averaging 5%, driven by robust domestic demand and strategic government initiatives. These economic fundamentals are expected to support similar growth rates in the coming decade.
The nation’s future challenge will be maintaining economic momentum as its population ages. Success will depend on transitioning from an emerging to a developed economy, ensuring sustainable development amid shifting demographics.
Indonesia consumer trends 2024
The presentation explores the eight reasons that Indonesia will prosper in the next decade.
- Substantial productive age labour force with a low dependency ratio.
- Q3 2024 GDP growth reached 4.95%.
- Domestic and international travel continues to grow.
- Stable business sentiment and increased investment.
- Inflation remains manageable as the retail industry steadily recovers.
- Household affluence keeps growing.
- Digital growth continues.
- Government initiatives for economic development.
For more details, please download the report.
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Minh Thu - Consumer Market Insights Manager
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Travis Mitchell - Executive Director
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Malcolm Farmer - Managing Director
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Hy Vu - Head of Research Department
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Joe Nelson - New Zealand Consulate General
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Steve Kretschmer - Executive Director
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York Spencer - Global Marketing Director
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Laura Baines - Programmes Snr Manager
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Mai Trang - Brand Manager of Romano
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Hanh Dang - Product Marketing Manager
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Luan Nguyen - Market Research Team Leader
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Max Lee - Project Manager
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Chris Elkin - Founder
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Ronald Reagan - Deputy Group Head After Sales & CS Operation
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Chad Ovel - Partner
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Private English Language Schools - Chief Executive Officer
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Rick Reid - Creative Director
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Janine Katzberg - Projects Director
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Anya Nipper - Project Coordination Director
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Dr. Jean-Marcel Guillon - Chief Executive Officer
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Joyce - Pricing Manager
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Matt Thwaites - Commercial Director
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Aashish Kapoor - Head of Marketing
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Kelly Vo - Founder & Host
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Thanyachat Auttanukune - Board of Management
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Hamish Glendinning - Business Lead
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Thuy Le - Consumer Insight Manager
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Richard Willis - Director
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Ha Dinh - Project Lead
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Geert Heestermans - Marketing Director
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Louise Knox - Consumer Technical Insights
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Aimee Shear - Senior Research Executive
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Dennis Kurnia - Head of Consumer Insights
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Tania Desela - Senior Product Manager
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Thu Phung - CTI Manager
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Linda Yeoh - CMI Manager
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Cimigo provides market research solutions in Vietnam and Indonesia that will help you make better choices.
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Cimigo provides a range of consumer marketing trends and market research on market sectors and consumer segments in Vietnam and Indonesia.
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Cimigo provides a range of free market research reports on market sectors and consumer segments in Vietnam and Indonesia.