Mining, manufacturing, and utilities activities contributed 33.1% to Indonesia’s gross value added (GVA) in 2022, followed by wholesale, retail, and hotel activities (16.0%), and agricultural activities (13.0%). In nominal terms, the three sectors are forecast to grow by 7.5%, 7.4%, and 7.4%, respectively, in 2023.
Five major provinces in Indonesia generated around 55.4% of the country’s GDP and housed 55.6% of the country’s population in 2022.
The JCI index has been exhibiting a volatile trend. As of October 4, 2023, the index stood at 6,960.7, compared to 7,072.3 on October 4, 2022.
Five major provinces in Indonesia generated around 55.4% of the country’s GDP and housed 55.6% of the country’s population in 2022.
The JCI index has been exhibiting a volatile trend. As of October 4, 2023, the index stood at 6,960.7, compared to 7,072.3 on October 4, 2022.
Scope
- As part of the 2023 State Budget, the government increased its allocation to infrastructure development by 7.8%, from IDR363.8 trillion ($23.8 billion) in 2022 to IDR392 trillion ($25.8 billion) in 2023.
Reasons to Buy
- Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.
- PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations
- Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.
- This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.
Table of Contents
- Did You Know?
- Country Highlights
- Key Economic Updates
- Country Snapshot
- Political Landscape
- Economic Landscape
- Social Landscape
- Technological Landscape
- Legal Landscape
- Environmental Landscape
- Outlook
Exhibit 1: Indonesia’s performance in terms of its country risk analysis in comparison to Asia-Pacific and the World average
Exhibit 2: Performance overview (Score: 0-100)
Exhibit 3: Broad categories and weights behind the index
Exhibit 4: JCI Index, (October 2022 - October 2023)
Exhibit 5: Key sectors contribution to the economy (2017-24f)
Exhibit 6: FDI inflows by sector (2021-22) and FDI by region (2022)
Exhibit 7: Greenfield FDI projects and net cross border M&As sales (2018-22)
Exhibit 8: Key infrastructure indicators
Exhibit 9: Real GDP and household consumption growth rate (2018-25f)
Exhibit 10: Real GDP growth rate comparison (2022)
Exhibit 11: Volume of exports and imports growth (2018-25f)
Exhibit 12: Current account balance (2018-25f)
Exhibit 13: Top three commodity exports, % of total exports (2018-22)
Exhibit 14: Mineral fuels, mineral oils and products of their distillation, % of world total (2022)
Exhibit 15: Interest rates (October 2018 - October 2023)
Exhibit 16: Exchange rate and inflation (2018-25f)
Exhibit 17: Public finance (2018-25f)
Exhibit 18: General government debt (2018-25f)
Exhibit 19: Unemployment rate (2018-25f)
Exhibit 20: Average annual wages (2018-25f)
Exhibit 21: Labor cost index (2018-25f)
Exhibit 22: Rural/urban share of total population (1995, 2005, 2015, 2025f)
Exhibit 23: Age-group share of total population (1995, 2005, 2015, 2025f)
Exhibit 24: Gender split (1995, 2005, 2015, 2025f)
Exhibit 25: Internet users as a percentage of total population, mobile penetration rate and broadband penetration rate (2022)
Exhibit 26: Number of patents granted per million population (2022)
Exhibit 27: High-technology exports, % of manufactured exports (2021)
Exhibit 28: Rule of law (rankings), 2023
Exhibit 29: Corruption perceptions index (rankings) (2022)
Exhibit 30: Renewable energy capacity (2017-21)
Exhibit 31: CO2 emissions (2018-22)
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Bank BRI
- Coffindo
- Keramik Daimond
