Your inside guide to doing business in Indonesia
Indonesia, a South-east Asian archipelago, is on a path to significant economic growth, aiming for 8% annual expansion and targeting a top-five global economy by 2045. Key areas of focus include infrastructure, renewable energy and economic self-sufficiency. Reforms across banking, the digital economy, tourism and industry are poised to drive progress and further elevate the country’s global standing.
Actionable business intelligence on opportunities for commerce, trade and investment
Get expert, on-the-ground insights into the latest business and economic trends in Indonesia. Produced by a dedicated team of in-country analysts and researchers, The Indonesia Country Report 2024 provides the in-depth business intelligence you need to evaluate, enter and excel in the market.
Indonesia, a nation of over 17,000 islands, has a rich history stretching back millions of years, with early human ancestors living on the archipelago as far back as 1.9m years ago. The term "Indonesia" was first coined in 1850 by British anthropologist James Richardson Logan, referring to what was then known as the Indian or Malay Archipelago. By 2000 BCE, the islands were inhabited by the Austronesians, who exhibited impressive maritime skills and were active in inter-island trade, which helped advance agricultural techniques such as rice cultivation. Islam arrived in the 8th century, gaining significant traction by the 14th century, becoming the dominant religion by the 17th century.
Looking ahead, Indonesia's new President-elect Prabowo Subianto is expected to follow the infrastructure and economic transformation policies initiated by outgoing President Joko Widodo, better known as President Jokowi. The incoming administration has an ambitious goal of achieving 8% annual growth, aiming to elevate Indonesia into the world's top-five economies by 2045. The government is focusing on developing downstream industries, promoting renewable energy and improving self-sufficiency, all while managing challenges in the oil, gas and coal sectors. Investment in renewable energy infrastructure and reforms aimed at attracting foreign capital are key strategies moving forward. Despite challenges, Indonesia's growing population and middle class remain critical drivers of economic growth. If key regulatory and policy challenges are addressed, the country's socio-economic future looks promising.
Report Features and Benefits
- Go behind the scenes through exclusive interviews with influential leaders in the government, public and private sectors.
- Inform your market-entry strategies with sector-by-sector overviews of the main trends, opportunities and challenges.
- Get up to speed with conversations in local boardrooms through in-depth and thought-provoking analyses of the most topical economic and business issues.
- Leverage comparative research to spotlight synergies, competitive advantages and areas for improvement.
- Forecast scenarios for the year ahead, using a combination of hard stats and expert analysis, in a concise format designed to save you time.
- Make data-driven business decisions with digestible macroeconomic and sector indicators and infographics
The report is suitable for:
- Executives and entrepreneurs
- Bankers and hedge fund managers
- Journalists and communications professionals
- Consultants and advisers of all kinds
- Academics and students
- Government and policy-research delegations
- Diplomats and expatriates
