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 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.
Light on the horizon for Asia-Pac airlines: DBS
Earnings for Asia-Pacific airlines should see some recovery in 2020, thanks to a bottoming of the global economy and better supply-demand dynamics...
Indonesia's unchanged policy rate reflects optimism and flexibility
The Indonesian central bank's decision to keep interest rates on hold will mean greater monetary policy flexibility for 2020, should the economy...
Indonesian domestic demand to remain soft in 2020 despite accelerating reforms and stabilising exports: Citi
INDONESIAN domestic demand may remain soft into H1 2020, even as reforms speed up and exports stabilise in 2020, said Citi in its latest report on...