Credit bureau coverage in Jakarta remained stagnant at 0% from 2013 to 2016, but began a notable increase from 2017, reaching 51.8% by 2023. This growth trajectory has been accompanied by substantial year-on-year variations, notably a 108.2% increase in 2018 and more moderate increases in subsequent years, such as 6.58% in 2023. Remarkably, the compound annual growth rate (CAGR) from 2018 to 2023 was 6.34%. Forecasts indicate continued growth, reaching an estimated 67.1% by 2028, with a forecasted 5-year CAGR of 4.06% and an overall 22% growth rate.
Future trends to watch for include:
• The impact of regulatory changes on credit bureau operations.
• The role of technological advancements in data collection and reporting.
• The effect of increased financial inclusion initiatives on credit bureau coverage.
• Potential shifts in consumer behavior and credit demand.
