Indonesia posted 5.11% GDP growth in 2025, outperforming global (3.30%) and EMDE (4.40%), with momentum strengthening to 5.39% y-o-y in Q4. External resilience was supported by export rotation, as Natural Gas surged 53.23% y-o-y and Iron Ore rose 2.14%, offsetting declines in Coal (-21.69%) and CPO (-12.63%). Domestically, growth was increasingly industry-led, with manufacturing contributing 1.07 ppts, driven by Basic Metals (+15.71%), while PMI indicators remained expansionary (PMI 51.86). Investment strengthened (PMDN + PMA +12.66%; PMTB +5.09%), reinforced by a Ramadhan–Eid cyclical uplift, which lifted household consumption to 5.32% in Q2 from 3.30% in Q1, supported by Transportation & Warehousing (15.95% vs 7.26%) and Accommodation & Food Services (11.89% vs 5.18%), helping anchor growth around 5.00% amid improved labor and social outcomes.