Country Infos - Indonesia

Capital : Jakarta (Djakarta)
Currency : Indonesian Rupiah (IDR)
Population : 253 million (est. July 2014)
Literacy Rate : 92.8% (August 2014)
Unemployment Rate : 5.94% (August 2014)
Minimum Wage in Jakarta : US $ 220 (per month)
GDP : US $ 745.576,60 billion (Q3 2014)
GDP growth : 5.1% (2014*)
Inflation : 5.75% (average from Jan – Nov 2014)
GDP per capita : US $ 3.475 (2013)

 

INDONESIA TODAY

16th-largest economy in the world

45 million members of consuming class

53% of the population in cities contributing 74% of GDP

55 million skilled workers in the Indonesian economy

$0.5 trillion market opportunity in consumer services, agriculture, and fisheries, resources, and education

INVESTMENT

Growth in foreign direct investment in Indonesia started to pick up in the second quarter 2014 led by the transport, warehouse and telecommunication sectors, after slumping in the first quarter. The Investment Coordinating Board (BKPM) said on Thursday that foreign investment commitments rose 16.9 percent in April-June 2014 compared with the same period of 2013, reaching Rp 78 trillion ($6.77 billion). The rate used by the board is 10,500 rupiah per dollar which compares with the current actual rate of around 11,500.mThe FDI data does not include investment in the oil, gas, and banking sectors.[1]

The list is impressive, growing and varied — Korea’s Samsung Electronics, Taiwan’s Foxconn, a major supplier for Apple, Mitsubishi of Japan, Philippine fast-food chain Jollibee Foods and Thai green tea maker Ichitan Group. These are just some of the companies that have announced plans to invest in Indonesia or are considering setting up new production facilities here.
The attractions are clear — lower labor costs, political stability and a large domestic market where consumer spending power is growing. It seems that they are not alone. Net foreign direct and portfolio investment into Indonesia totaled US$23.2 billion in 2013, according to official balance of payments (BOP) data. [2]

 

The Most Attractive Investment Destination in ASEAN



[1] Reuters, July 24th 2014. The Jakarta Globe. Berita Satu

[2] Foreign Investment in Indonesia: Big Opportunity. The Jakarta Post, 29th September 2014.