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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LATEST UPDATES

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.

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...