Indonesia Economy

Is Indonesia a rich country?

Indonesia, the largest economy in Southeast Asia, has seen a slowdown in growth since 2012, mostly due to the end of the commodities export boom. During the global financial crisis, Indonesia outperformed its regional neighbors and joined China and India as the only G20 members posting growth. Indonesia’s annual budget deficit is capped at 3% of GDP, and the Government of Indonesia lowered its debt-to-GDP ratio from a peak of 100% shortly after the Asian financial crisis in 1999 to 34% today. In May 2017 Standard & Poor’s became the last major ratings agency to upgrade Indonesia’s sovereign credit rating to investment grade.

Poverty and unemployment, inadequate infrastructure, corruption, a complex regulatory environment, and unequal resource distribution among its regions are still part of Indonesia’s economic landscape. President Joko WIDODO - elected in July 2014 – seeks to develop Indonesia’s maritime resources and pursue other infrastructure development, including significantly increasing its electrical power generation capacity. Fuel subsidies were significantly reduced in early 2015, a move which has helped the government redirect its spending to development priorities. Indonesia, with the nine other ASEAN members, will continue to move towards participation in the ASEAN Economic Community, though full implementation of economic integration has not yet materialized.

Indonesia Economy Data

What is the GDP of Indonesia?

Currency Name and Code Rupiah (IDR)
GDP - Gross Domestic Product (PPP) $2,686,000,000,000 (USD)
GDP - official exchange rate $872,600,000,000 (USD)
GDP - real growth rate 4.7%
GDP Per Capita $11,300.00 (USD)
GDP by Sector- agriculture 13.6%
GDP by Sector- Industry 42.8%
GDP by Sector- services 43.6%
GDP - composition, by end use household consumption: 56.8%

government consumption: 9.4%

investment in fixed capital: 32.3%

investment in inventories: 1.2%

exports of goods and services: 21.7%

imports of goods and services: -21.4%
Population Below Poverty Line 13.33%
Inflation Rate 5.1%
Labor Force 116,500,000
Labor Force By Occupation- agriculture 38.9%
Labor Force By Occupation- industry 13.2%
Labor Force By Occupation- services 47.9%
Unemployment Rate 7.1%
Fiscal Year calendar year; note - previously was 1 April - 31
Annual Budget $119,500,000,000 (USD)
Budget Surplus or Deficit - percent of GDP -3.3%
Public Debt (% of GDP) 52.6%
Taxes and other revenues - percent of GDP 15.8%
Major Industries petroleum and natural gas, textiles, apparel, footwear, mining, cement, chemical fertilizers, plywood, rubber, food, tourism
Industrial Growth Rate 3.6%
Agriculture Products rice, cassava (tapioca), peanuts, rubber, cocoa, coffee, palm oil, copra, poultry, beef, pork, eggs
Exchange Rate per US Dollar Indonesian rupiah (IDR)
Child Labor - % of children ages 5-14 7%
Child Labor - # of children ages 5-14 4,026,285
Child Labor - note note: data represents children ages 5-17
Commercial Bank Prime Lending Rate 12.1%
Commercial Bank Prime Lending Rate - note note: these figures represent the average annualized rate on working capital loans

Labor Force by Occupation- As reported by Indonesia

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