The largest economy in Southeast Asia, Indonesia – a diverse archipelago nation of more than 300 ethnic groups – has charted impressive economic growth since overcoming the Asian financial crisis of the late 1990s.
Today, Indonesia is the world’s fourth most populous nation, the world’s 10th largest economy in terms of purchasing power parity, and a member of the G-20. Furthermore, Indonesia has made enormous gains in poverty reduction, cutting the poverty rate by more than half since 1999, to just under 10 percent in 2020.
Indonesia’s economic planning follows a 20-year development plan, spanning from 2005 to 2025. It is segmented into 5-year medium-term development plans called the RPJMN (Rencana Pembangunan Jangka Menengah Nasional), each with different development priorities. The current medium-term development plan is the last phase of the long-term plan. It aims to further strengthen Indonesia’s economy by improving the country’s human capital and competitiveness in the global market.
| Population | 270.2 million (2020 Population Census) |
| Provinces | 34 provinces spread over five main islands- Sumatra, Jawa, Bali & Nusa Tenggara, Maluku & Papua, Sulawesi and Kalimantan. |
| Income category | Lower Middle Income |
| GNI Per Capita (USD) | 3,870 |
| Demographic dividend | Over 68% of the population is aged between 15 and 65, with a low dependency ratio and a dynamic workforce with high literacy rates |
| Investment climate | Currently ranks 4th as a global investment destination after India, China, and the USA. It is the largest economy in South-East Asia and the 4th largest consumer market in the world |
| Ease of doing business rank | 73 of 190 countries |
| Human Development Index | 107 of 189 countries |
| Total private sector Investment Realization by value | USD 29 billion (FDI) and USD 29.8 billion (DDI) as of 2020
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Source: World Bank, Indonesia Country Overview