Indonesia
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Indonesia is the largest economy in Asean and the fourth largest country in the world in terms of population. The country has extensive natural resources - a key contributor to its economy. Comprising more than 17,000 islands, the country has enjoyed steady growth over the past two decades thanks in part to high commodity prices and sound economic policies - resulting in a burgeoning middle-class.
MAIN LANGUAGES
Bahasa Indonesia
various regional dialects
POPULATION
261.1 million (2016)
LAND AREA
1.905 million km²
CAPITAL
Jakarta
CURRENCY
Indonesian Rupiah (IDR)
TIME ZONE
"Western Zone: GMT +7
Central Zone: GMT +8
Eastern Zone: GMT +9"
EASE OF DOING BUSINESS
Ranked 72 out of 190 economies (World Bank Doing Business, 2018)
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Indonesia Investment Coordinating Board (BKPM) is mandated to boost domestic and foreign direct investment by creating a conducive investment climate. The investment promotion agency is Indonesia's primary interface between business and government, and serves also as a matchmaker for investors.
www.bkpm.go.id | Investor Relations Unit: (62-21) 5292 1329 /30 | info@bkpm.go.id
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Venturing into Indonesia: Useful business contacts
Planning to do business in Indonesia? Here’s our round-up of local government agencies and business chambers that may be useful.
LATEST UPDATES
Sukuk issuance set for 5% decline after 4 years of growth: report
Regardless, Moody's is expecting rapid growth in sukuk issuance over the the longer term
Indonesia's Q2 GDP contraction draws mixed views from economists
A 1 to 1.3 per cent contraction for the full year appears likely, according to economists
Indonesian mining sector to bank on refined metals for growth
Refined metal shipments are set to overtake coal and unprocessed ore, as Indonesia’s mining exports move up the value chain, according to...
Indonesia industrial estates to gain from Japan factory relocation: report
Japan's government has set aside 23.5 billion yen for firms moving their production out of China to South-east Asia
Indonesian consumers bursting with pent-up demand: Poll
The post-coronavirus outlook is sunny for discretionary spending, especially on lower-ticket items such as clothes and skincare products, a survey...
Shampoo is big business in Indonesian haircare market
Sales of shampoo alone made up half of Indonesia’s 17.3 trillion rupiah (US$1.2 billion) haircare product market in 2019.