Indonesia is one of the world’s richest countries in terms of natural resources. With extensive oil, gas and solid mineral deposits, it 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 infrastructure are laying the...
Economy
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Chapter | Trade & Investment from The Report: Indonesia 2019
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; global commodity price volatility has weighed on the trade balance in...
Chapter | Country Profile from The Report: Indonesia 2019
While the Republic of Indonesia is just over seven decades old in its current form, the South-east Asian nation of more than 17,000 islands has a much longer history. The name Indonesia was first used in 1850 by British anthropologist James Richardson Logan in reference to the extensive group of islands that was known at the time as the Indian or Malay Archipelago. Archaeological analysis...
The Indonesian economy had a strong year in 2018, with growth of 5.2% marking the fastest pace in half a decade. This came on the back of robust domestic consumption, increased foreign investment and continuing efforts to reform policy and simplify investment procedures, and despite challenges including a falling rupiah, a trade imbalance and global political issues.
Interviews & Viewpoints | Prince Khalid bin Faisal Al Saud, Governor, Makkah Province: Interview from The Report: Saudi Arabia 2019
What steps have been taken to drive public-private partnerships (PPPs) in the Makkah region?
Interviews & Viewpoints | Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud: Viewpoint from The Report: Saudi Arabia 2019
In the nearly three years since Vision 2030 was launched, Saudi Arabia has made great strides towards developing and diversifying its economy. Many sectors and government institutions have been restructured and upgraded, and economic and social reforms have been implemented across the board, notably in the cultural, entertainment and sporting...