Forecast: Wholesale, Retail Trade, Restaurants and Hotels Contribution to GDP in Indonesia

The contribution of the Wholesale, Retail Trade, Restaurants, and Hotels sector to Indonesia's GDP has been experiencing a steady decline over the past decade. In 2023, this sector stood at 15.97. Analyzing the year-on-year variation, the sector saw a decrease of approximately -0.56% in 2023 and a similar -0.69% drop in 2022. Over the forecasted period until 2028, the sector's contribution is projected to continue diminishing at a forecasted 5-year CAGR of -0.5%, resulting in an overall decline of -2.46% by 2028.

Future trends to watch for include the potential influence of digital transformation on traditional retail, increased consumer preference for e-commerce, and possible regulatory changes affecting the hospitality sector. Additionally, shifts in consumer behavior and tourism patterns could create substantial impacts on the sector's economic contributions.