Indonesia, one of the richest countries in natural resources with extensive oil, gas and solid mineral deposits, is also one of the largest global economies. In 2017 the economy passed the $1trn mark, making it the 16th-largest in the world. Its growing middle class, emphasis on industrialisation and services, and drive to improve...
Despite the rupiah sinking to its lowest level in over two decades, consumer spending in Indonesia expanded. Retail sales grew by 3.7% in 2018 from 2.9% in 2017. Household consumption rose 5.5% in 2018, up from 4.9% the year before. Clothing sales were particularly robust, jumping 15.1% compared to 1% in 2017. Automotive sales also increased...
Indonesia has made significant progress in expanding trade relationships with two major trade partners under the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA) and the Indonesia-European Free Trade Association Comprehensive Economic Partnership (IE-CEPA), with both deals set to reduce trade barriers and provide new...
Foreign direct investment (FDI) inflows into Indonesia reversed a five-year trend in 2018 when they contracted for the first time in five years, with total estimated FDI inflows estimated to be down nearly 9% year-on-year. The country is facing several challenges as it seeks to boost investment – outward investment from China has been slowing...
Decades of growth in trade and foreign investment have made the economies of the world more interdependent than ever before. This trend has been reinforced by the steady liberalisation of international trade and investment at the bilateral, plurilateral and multilateral levels. National economic specialisations, and regional economic and...
Although Indonesia’s export receipts hit a five-year high in 2018, imports surged as the country moved to deliver a massive infrastructure development programme, bringing the trade deficit to an all-time high after three years of surplus. The country remains dependent on raw commodities for much of its export revenues, and global commodity...
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×