3.3 INDONESIA

Yoshiharu Osumi, JARN’s HVAC&R advisor in Indonesia, reported on the country’s air conditioner market in 2022.

Indonesia’s economy in 2022 grew relatively smoothly, driven by resource exports. According to the International Monetary Fund (IMF), Indonesia’s projected real gross domestic product (GDP) in 2022 was 5.3%. The construction market also performed relatively well.