Country Infos - Indonesia


Capital : Jakarta
Currency : Indonesian Rupiah (IDR)
Population : 253 million (est. July 2014)
Literacy Rate : 98.22% (BPS, 2019)
Unemployment Rate : 5.28% (2019)
Minimum Wage in Jakarta : US $ 320.50 (per month)
GDP : US $ 1,126,000 billion (2018)
GDP growth : 5.05% (Q2 2019)
Inflation : 3.12% (year on year 2019)
GDP per capita : US $ 4,135.6 (World Bank, 2019)

 

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

Indonesia in recent years has registered a steady growth at above 5 percent. Steady investment flows have also allowed Indonesia’s economy to expand at a rapid pace. Most notably, the Indonesian government has announced various policy changes, which are primarily aimed at providing new opportunities for foreign investors. It has an excellent growth record of 922.58 trillion IDR (US$64.7 billion) or 7.44 percent of the country’s GDP and accounted for 14.3 percent of Indonesia’s workforce. Dubbed as the ‘creative economy’ initiative under the Jokowi administration, it is poised to become Indonesia’s future economic powerhouse. The government has prepared incentives and supporting measures which involve regulatory procedures made easier for interested investors.

A large part of Indonesia’s economic success is a result of the growing middle class and stable economic growth. Indonesia is one of the MINT economies (Mexico, Indonesia, Nigeria and Turkey), namely those that are the most attractive to longterm investors due to their favourable demographic profiles. According to www.tradingeconomics.com Indonesia’s debt to GDP ratio in 2019 by end of July (29.8) considered as the lowest among several Asian countries, incuding India (68.3), Malaysia (51.8), China (50.5), the Philippines (41.9), and Thailand (41.8). Since 2001 Indonesia has received good reviews and for the first time since the global financial crisis, Indonesia’s sovereign bonds were rated investment grade by all three major credit ratings agencies after Standard & Poor’s (S&P) has lifted their rating on the country’s debt on May 2017 to BBB-/stable, it kept stable until 2018, and the rating lifted again on May 2019 to BBB/stable. These ratings reflect Indonesia’s resilience to the global financial crisis, improving government and external credit-metrics, and an ability to manage domestic political challenges to the reform agenda.

 

The Most Attractive Investment Destination in ASEAN