Forecast: International Tourism Expenditures for Travel Items in Indonesia

Indonesia's international tourism expenditures for travel items have shown a dynamic trend from 2013 to 2023. The value stood at 13.23 billion USD in 2023, rebounding significantly post the drastic dip in 2020 due to the COVID-19 pandemic. Between 2021 and 2023, a strong recovery is evident with a 2023 value increase of 26.67% year-on-year from 2022. Over the last five years, the compound annual growth rate (CAGR) was 5.11%, highlighting resilient growth despite recent years' volatility.

Future trends to watch for in Indonesia's international tourism expenditure include:

  • Continuous growth forecasted till 2028 with an average 5-year CAGR of 3.31%
  • Potential influences of economic stability and global tourism health conditions
  • Developments in travel technology and infrastructure enhancement impacting expenditures

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