Report: How important will Indonesia’s digital economy be for long-term, inclusive growth?

Indonesia’s economy experienced a milder slowdown in 2020 than its ASEAN-5 neighbours, according the IMF’s April 2021 World Economic Outlook, and also fared better than 16 other G20 members. In spite of ongoing Covid-19-related challenges, the IMF expects Indonesia to experience robust expansion from 2021. The digital economy is slated to remain a key driver of growth, owing to the large, consumption-driven domestic market and the accelerated uptake of digital tools over 2020.

Financial technology and digital payments, e-commerce and food delivery are poised for ongoing expansion, which should help broaden financial inclusion, create jobs and foster a larger customer base for the country’s micro-, small and medium-sized enterprises. Alongside other fundamental growth strategies – including channelling investment into priority areas, and kick-starting construction and infrastructure development – Indonesia’s digital economy looks set to boost the country’s competitiveness and enable long-term, sustainable growth over the coming years.

Click here to download full report.

Covid-19 Economic Impact Assessments

Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.

Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.

Register Here×

Product successfully added to shopping cart

Read Next:

In Asia

Brunei Darussalam: Refined investment

The downstream energy sector in Brunei Darussalam is set to get the biggest makeover in its history, with a Chinese consortium planning to invest up to $6bn to develop an oil refinery and...


Indonesia: Getting IT together

Indonesia is attracting increasing attention from the international communications sector, both as a market for advanced products and due to its burgeoning profile as a centre of development and...


Turkey's Prime Minister Ecevit in the US

The Turkish Prime Minister Bulent Ecevit has spent the last week in the US hoping to garner support for economic reforms at home and trade concessions for Turkish exports to the US.