Indonesia is the largest economy in South-east Asia, the world’s fourth-most-populous nation, the 10th-largest economy in terms of purchasing power parity and a member of the G20. PwC’s “World in 2050” report predicted that, by 2050, Indonesia will be the fourth-largest economy in the world. However, President Joko Widodo, commonly known as...
In 2019 Indonesia recorded an economic growth rate of 5.3%. From an output perspective, the agriculture, forestry and fisheries sectors, as well as trading and construction, significantly contributed to the country’s GDP. In terms of tax intake, the government set a revenue target of Rp1786trn ($125.9bn) for the year and had successfully...
The health care sector in Indonesia is in the midst of change, with the government making a final push to cement the rollout of universal health care (UHC) against the backdrop of the global Covid-19 pandemic. The plan had initially aimed to bring the population of over 268m under coverage by the end of 2019, but it had yet to achieve targeted...
With millions of hectares of arable land across over 17,000 islands, Indonesia’s agriculture sector has long been an integral part of its economy. While its contribution to GDP may have declined in recent years – a result of the growth of other industries amid economic diversification – it remains hugely important, employing roughly one-third...
Tourism in the Asia-Pacific region has seen impressive growth in recent years, aided by cheaper air fares, an expanding consumer class and increased exposure brought about by improved internet connectivity. Although these developments have led to significant economic benefits for countries across the region, they have also had some negative...
With an internet adoption rate of 64.8% as of 2018 and a widening middle class, online travel agencies (OTAs) have become increasingly popular in Indonesia in recent years. OTAs do not require the same level of infrastructure, staff and working capital as traditional travel agencies, and the convenience they provide to businesses and...
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