Large & Young population
Abundance natural resources
Large and Growing market
Indonesian economy is the largest in Southeast Asia and the 16th largest in the world. Indonesia’s economy is largely driven by domestic activity rather than exports.
Indonesia has a market-based economy in which the government plays a significant role, including administering prices for some basic goods such as fuel, rice and electricity
with over 270 million people, Indonesia is the world’s fourth-most populous country. It is known for its cultural diversity, with over 300 ethic groups and multiple language spoken.
+2.07%
Foreign direct investments in 2022
(worth USD 21.65 billion)
Key Sectors
- Mining
- Manufacturing
Indonesia is a member of G20. The G20 is an international forum focusing on policy coordination in economics and development representing the world’s economic and political power, with its member representing 80% of the world’s GDP, 75% of global exports, and 60% of the global population
Indonesia is currently a major producer of coal, copper, gold, tin and nickel. The extraction of oil and natural gas, accounts for roughly one-tenth of the country’s GDP,
2022 INDONESIA IN BRIEF
Total population = 276 million
GDP = USD 1,319 billion
GDP per Capita = USD 4,798
GDP Growth = 5.3%
Trade Balance = USD 55 billion
Minimum Wage = 163,393 IDR/day
Top 10 Export
Total Value = USD 258.9 billion
COUNTRY/REGION
1. China (23.0%)
2. USA (10.0%)
3. Japan (8.8%)
4. India (8.3%)
5. Malaysia (5.5%)
6. Singapore (5.1%)
7. Philippines (4.6%)
8. South Korea (4.5%)
9. Vietnam (2.9%)
10. Thailand (2.9%)
PRODUCT
1. Mineral fuels (24.0%)
2. Animal, vegetable fats and oils products (12.0%)
3. Iron & Steel Products (9.5%)
4. Electrical, electronic equipment (5.0%)
5. Vehicles other than railway, tramway (3.8%)
6. Ores slag and ash (3.5%)
7. Miscellaneous chemical products (2.9%)
8. Footwear, gaiters and the like, (2.7%)
9. Machinery, nuclear reactors, boilers (2.4%)
10. Rubbers (2.2%)
Top 10 Import
Total Value = USD 29.8 billion
COUNTRY/REGION
1. China (29.0%)
2. Singapore (8.3%)
3. Japan (7.4%)
4. Malaysia (5.4%)
5. South Korea (5.0%)
6. Thailand (4.7%)
7. Saudi Arabia (2.4%)
8. Vietnam (2.1%)
9. Nigeria (1.9%)
10. Brazil (1.7%)
PRODUCT
1. Mineral fuels (19.0%)
2. Machinery, nuclear reactors, boilers (13.0%)
3. Electrical, electronic equipment (11.0%)
4. Iron & Steel Products (5.9%)
5. Plastics (4.7%)
6. Vehicles other than railway, tramway (4.0%)
7. Organic Chemicals (3.2%)
8. Residues, wastes of food industry (1.9%)
9. Cereals (1.9%)
10. Articles of iron or steel (1.7%)