Indonesia

Indonesia

Mahesh Shinde
Mahesh Shende

Country Expert
   

Indonesia Statistics

The economy of Indonesia is the largest in Southeast Asia and is one of the emerging market economies of the world. Indonesia is a member of G20 and classified as a newly industrialised country. It is the 16th largest economy in the world by nominal GDP and the 7th largest in terms of GDP (PPP).
Estimated at US$40 billion in 2019, Indonesia’s Internet economy is expected to cross the US$130 billion mark by 2025. Indonesia still depends on domestic market and government budget spending and its ownership of state-owned enterprises (the central government owns 141 enterprises). The administration of prices of a range of basic goods (including rice and electricity) also plays a significant role in Indonesia’s market economy.
$ 1 lakh crores
GDP in USD trillion
1
Population (2019)
1
Area ( km. sq. )
Import Of Indonesia

In 2018 Indonesia imported a total of $180B, making it the number 27th trade destination in the world.
Main Import Countries

Export Of Indonesia

In 2018 Indonesia exported a total of $197B, making it the number 28th exporter in the world.
Main Export Countries

Major Sectors

Mining Non-Oil and Gas Automotive Hydrocarbons Agriculture

There is no tin market in the world that is larger than Indonesia’s. Initially, the mining industry was focused around silver, tin, and bauxite. In recent and future plans, the government is aiming towards the expansion of copper, coal, gold, and nickel for exportation to other markets. Coal production has grown exponentially since the coal mines were reopened in 1993. In 1999, coal production reached 74 million metric tons, which increased further to 353 million tons in 2011. As of 2014, only two countries were above Indonesia in the coal mining sector. The leading coal production firm is a partnership between two firms from the United Kingdom..
The prominence of Spain in the global tourism industry is manifested with the presence of the headquarters of the World Tourism Organization. Tourists from France, the United Kingdom, Germany, and Italy make up the bulk of Spain’s international tourists. The country has a total of 12 national parks, the majority of which are found in the country’s mainland. Spain is marketed as the ideal summer holiday destination in Europe and has numerous attractions to that effect. The island of Tenerife is Spain’s most visited tourist site, as it is home to the famed Teide National Park.
Two foreign firms from the US operate three copper/gold mines with other foreign companies from Britain and Canada also having major stakes in the mining of gold and nickel. Indians also have significant shares in the business. At some point, back in 1998, the value of gold mining hit a staggering $1 billion while copper was at $843 million.

Indonesia is a leading producer in this sector with products like motorcycles. In 2010 alone, 7.6 million motorcycles, mainly manufactured by Honda and Yamaha, were sold. Almost all of the components used in manufacturing them are acquired locally. Car sales also went up in 2011 after 888,335 units were sold mainly by Mitsubishi, Toyota, and Daihatsu.
Another subsector that hopes to improve is the textile sector after increased investments from 2013. Previously, in 2012, the sector was worth $247 million and exports were worth around $13.7 billion in the same year.

Indonesia is one of the leading producers of automotive in Southeast Asia with several assembly plants of South Korean and Japanese vehicles. In 2014, the total exports of vehicle units were around 22.5% of the total production (which was 878,000 vehicle units). The export value is more than twice the value of imports of automotive. The predictions for the future export amounts place the sector in the top five by 2020. Recently, in 2017, a total of 1.2 million water vehicles were produced in Indonesia, which placed the nation 18th in the global ranking of vehicle producer.

A member of OPEC, the nation produced about 1.5 million barrels of crude oil per day in 1999, which contributed about 9% of the total GDP. The amount has gone down slightly in 2015 to 1.07 million barrels per day because of aged oil fields and low investment in the latest technologies. Consequently, the country has had to import more oil to make up for the increased demand. All the rights for petroleum and minerals are owned by the state with foreign firm given contracts. The firms are expected to foot all the costs involved in the production.

Agriculture is a key sector which contributed to 14.43% of GDP. Currently, there are around 30% of the land area used for agriculture and employed about 49 million people (41% of the total workforce). Primary agriculture commodities include rice, cassava (tapioca), peanuts, natural rubber, cocoa, coffee, palm oil, copra; poultry, beef, pork, and eggs. Palm oil production is vital to the economy as Indonesia is the world's biggest producer and consumer of the commodity, providing about half of the world's supply. Plantations in the country stretch across 6 million hectares as of 2007, with a replanting plan set for an additional 4.7 million to boost productivity in 2017. There are a number of negative social and environmental impacts of palm oil production in southeast Asia.

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Trade Fair Exhibition

inonesia trade fair 1
INDO DYECHEM

Date : 17-07 July 2020.
Place : Jakarta, Indonesia.

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Public Safety Indonesia Conference & Expo (PS Indo)

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Place : Jakarta, Indonesia.

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