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
Indonesia's virus support may not be enough for growth: Nomura report
The analysts wrote that “the package does not represent new spending but only reallocations from other items already in the Budget”.
Indonesia market ripe for alternative-lending firms, one player says
High-risk markets could make for high growth, European fintech player says.
Debit card spend could overtake credit cards in Indonesia in 2019
Overall payments by plastic could jump from 639.9 trillion rupiah to 821.2 trillion rupiah.
Indonesia's fintech growth supported by tailwinds
Government support and strong consumer interest in innovative financial products are set to boost Indonesia's fintech sector, Fitch Solutions...
Indonesia's regional GDP to grow by 4-7% in 2020: UOB
Economic performance in Indonesia will “continue to improve in 2020” on the back of increased exports and imports, rising private consumption, and...
Older generation to spend the most by 2030: Citi
People aged 45 to 65 across the globe are likely to lead the increase in aggregate spending, said Citi in a report.