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.
various regional dialects
261.1 million (2016)
1.905 million km²
Indonesian Rupiah (IDR)
"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)
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.
Planning to do business in Indonesia? Here’s our round-up of local government agencies and business chambers that may be useful.
Earnings for Asia-Pacific airlines should see some recovery in 2020, thanks to a bottoming of the global economy and better supply-demand dynamics...
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...
Low-income adults in Asia receive more than 3.5x their income from overseas senders each month: UniTeller
MONTHLY remittances from family and friends working abroad now averages more than 3.5 times the monthly incomes of recipients in Asia, according...
INDONESIA’S sales of cooling equipment – refrigeration and air conditioning (AC) – is expected to grow rapidly from 2018 to 2030, at 5.1 per cent...
ASEAN is likely to see a gradual rather than V-shaped recovery in 2020, with the five largest Asean economies expected to clock gross domestic...