The Real Estate Gross Value Added (GVA) in Indonesia was $33.81 billion in 2023. From 2013 to 2023, the sector has generally experienced steady growth despite minor fluctuations. The largest annual growth was in 2017 with an 8.39%, and the sector faced slight declines in 2014 and 2015. The Compound Annual Growth Rate (CAGR) over the last five years is 3.45%.
Forecasted data indicates a continued rise in real estate GVA, reaching $37.53 billion by 2028, with a forecasted five-year CAGR of 1.65%. The sector is poised for steady growth, albeit at a slightly slower pace than observed in recent years.
Future trends to watch for:
- Urbanization and infrastructure development driving demand
- Policy changes affecting real estate investments
- Technology and sustainability innovations in real estate
