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Indonesia Economy 2019

SOURCE: 2019 CIA WORLD FACTBOOK AND OTHER SOURCES











Indonesia Economy 2019
SOURCE: 2019 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on February 08, 2019

Economy - overview:
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.

GDP (purchasing power parity):
$3.25 trillion (2017 est.)
$3.093 trillion (2016 est.)
$2.945 trillion (2015 est.)
note: data are in 2017 dollars
country comparison to the world: 7
[see also: GDP country ranks ]

GDP (official exchange rate):
$1.015 trillion (2017 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
5.1% (2017 est.)
5% (2016 est.)
4.9% (2015 est.)
country comparison to the world: 47
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$12,400 (2017 est.)
$12,000 (2016 est.)
$11,500 (2015 est.)
note: data are in 2017 dollars
country comparison to the world: 127
[see also: GDP - per capita country ranks ]

Gross national saving:
31.7% of GDP (2017 est.)
32% of GDP (2016 est.)
32% of GDP (2015 est.)
country comparison to the world: 27
[see also: Gross national saving country ranks ]

GDP - composition, by end use:
household consumption: 57.3% (2017 est.)
[see also: GDP - composition, by end use - household consumption country ranks ]
government consumption: 9.1% (2017 est.)
[see also: GDP - composition, by end use - government consumption country ranks ]
investment in fixed capital: 32.1% (2017 est.)
[see also: GDP - composition, by end use - investment in fixed capital country ranks ]
investment in inventories: 0.3% (2017 est.)
[see also: GDP - composition, by end use - investment in inventories country ranks ]
exports of goods and services: 20.4% (2017 est.)
[see also: GDP - composition, by end use - exports of goods and services country ranks ]
imports of goods and services: -19.2% (2017 est.)
[see also: GDP - composition, by end use - imports of goods and services country ranks ]

GDP - composition, by sector of origin:
agriculture: 13.7% (2017 est.)
[see also: GDP - composition, by sector of origin - agriculture country ranks ]
industry: 41% (2017 est.)
[see also: GDP - composition, by sector of origin - industry country ranks ]
services: 45.4% (2017 est.)
[see also: GDP - composition, by sector of origin - services country ranks ]

Agriculture - products:
rubber and similar products, palm oil, poultry, beef, forest products, shrimp, cocoa, coffee, medicinal herbs, essential oil, fish and its similar products, and spices

Industries:
petroleum and natural gas, textiles, automotive, electrical appliances, apparel, footwear, mining, cement, medical instruments and appliances, handicrafts, chemical fertilizers, plywood, rubber, processed food, jewelry, and tourism

Industrial production growth rate:
4.1% (2017 est.)
country comparison to the world: 73
[see also: Industrial production growth rate country ranks ]

Labor force:
125 million (2016 est.)
country comparison to the world: 4
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 32%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 21%
[see also: Labor force - by occupation - industry country ranks ]
services: 47% (2016 est.)
[see also: Labor force - by occupation - services country ranks ]

Unemployment rate:
5.4% (2017 est.)
5.6% (2016 est.)
country comparison to the world: 79
[see also: Unemployment rate country ranks ]

Population below poverty line:
10.9% (2016 est.)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: 3.4%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 28.2% (2010)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Distribution of family income - Gini index:
36.8 (2009)
39.4 (2005)
country comparison to the world: 84
[see also: Distribution of family income - Gini index country ranks ]

Budget:
revenues: 131.7 billion (2017 est.)
[see also: Budget - revenues country ranks ]
expenditures: 159.6 billion (2017 est.)
[see also: Budget - expenditures country ranks ]

Taxes and other revenues:
13% (of GDP) (2017 est.)
country comparison to the world: 208
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-2.7% (of GDP) (2017 est.)
country comparison to the world: 121
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
28.8% of GDP (2017 est.)
28.3% of GDP (2016 est.)
country comparison to the world: 166
[see also: Public debt country ranks ]

Fiscal year:
calendar year

Inflation rate (consumer prices):
3.8% (2017 est.)
3.5% (2016 est.)
country comparison to the world: 150
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
6.37% (31 December 2010)
6.46% (31 December 2009)
note: this figure represents the 3-month SBI rate; the Bank of Indonesia has not employed the one-month SBI since September 2010
country comparison to the world: 65
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
11.07% (31 December 2017 est.)
11.89% (31 December 2016 est.)
note: these figures represent the average annualized rate on working capital loans
country comparison to the world: 74
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$102.7 billion (31 December 2017 est.)
$92.11 billion (31 December 2016 est.)
country comparison to the world: 40
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$102.7 billion (31 December 2017 est.)
$92.11 billion (31 December 2016 est.)
country comparison to the world: 40
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$422.4 billion (31 December 2017 est.)
$397.7 billion (31 December 2016 est.)
country comparison to the world: 29
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$523.8 billion (31 December 2017 est.)
$426 billion (31 December 2016 est.)
$353.3 billion (31 December 2015 est.)
country comparison to the world: 22
[see also: Market value of publicly traded shares country ranks ]

Current account balance:
-$17.33 billion (2017 est.)
-$16.95 billion (2016 est.)
country comparison to the world: 197
[see also: Current account balance country ranks ]

Exports:
$168.9 billion (2017 est.)
$144.4 billion (2016 est.)
country comparison to the world: 29
[see also: Exports country ranks ]

Exports - partners:
China 13.6%, US 10.6%, Japan 10.5%, India 8.4%, Singapore 7.6%, Malaysia 5.1%, South Korea 4.8% (2017)

Exports - commodities:
mineral fuels, animal or vegetable fats (includes palm oil), electrical machinery, rubber, machinery and mechanical appliance parts

Imports:
$150.1 billion (2017 est.)
$129.2 billion (2016 est.)
country comparison to the world: 31
[see also: Imports country ranks ]

Imports - commodities:
mineral fuels, boilers, machinery, and mechanical parts, electric machinery, iron and steel, foodstuffs

Imports - partners:
China 23.2%, Singapore 10.9%, Japan 10%, Thailand 6%, Malaysia 5.6%, South Korea 5.3%, US 5.2% (2017)

Reserves of foreign exchange and gold:
$130.2 billion (31 December 2017 est.)
country comparison to the world: 19
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$344.4 billion (31 December 2017 est.)
country comparison to the world: 30
[see also: Debt - external country ranks ]

Stock of direct foreign investment - at home:
$251.5 billion (31 December 2017 est.)
$229.1 billion (31 December 2016 est.)
country comparison to the world: 26
[see also: Stock of direct foreign investment - at home country ranks ]

Stock of direct foreign investment - abroad:
$20.5 billion (31 December 2017 est.)
$18.42 billion (31 December 2016 est.)
country comparison to the world: 53
[see also: Stock of direct foreign investment - abroad country ranks ]

Exchange rates:
Indonesian rupiah (IDR) per US dollar -
13,385 (2017 est.)
13,308.3 (2016 est.)
13,308.3 (2015 est.)
13,389.4 (2014 est.)
11,865.2 (2013 est.)


NOTE: 1) The information regarding Indonesia on this page is re-published from the 2019 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Indonesia Economy 2019 information contained here. All suggestions for corrections of any errors about Indonesia Economy 2019 should be addressed to the CIA.
2) The rank that you see is the CIA reported rank, which may habe the following issues:
  a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
  b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order






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