Today, it is the world’s seventh-largest economy by purchasing power parity. Economy Latest Trend Ranking; Composite leading indicator (CLI) Indicator 94.30 Amplitude adjusted Long-term average = 100 May-2020 Indonesia Long-term average = 100 FDI stocks Indicator: 7.0 Outward % of GDP 2019 Indonesia % of GDP Outward Indonesia 1. Indonesia posted slightly stronger economic growth in 2018, data showed Wednesday, but it still fell well short of President Joko Widodo's seven percent target as elections draw closer. Indonesia Economic Outlook 2018 In its pursuit of higher growth and inclusive prosperity, Jokowi administration put infrastructure constructions as its flagship agenda and allocate massive budget for infrastructure development. On a market exchange rate basis, Indonesia ranks 16th in the world but will likely enter the top ten by 2030. They detail information from the World Bank data for 2016 on the population, wealth and economy of Indonesia compared with other ASEAN countries and some major global markets and economies: US, EU, China, Japan and India. To help you grasp the dynamics of economics and business in Indonesia with visual representations, here are 5 infographics on some of the country’s key data. Consistently solid economic growth has some analysts arguing it could be the fifth-largest economy in the world by 2030 and fourth soon after. and higher oil prices pushed the trade balance into deficit during 2018. In the World Bank's January 2018 edition of its Global Economic Prospect (GEP) report, released earlier this week, Indonesia's economic growth is considered stable at 5.3 percent year-on-year (y/y) in the 2018-2020 period. Southeast Asia's biggest economy expanded 5.17 percent on-year, ticking up from 5.10 percent in 2017 and beating Indonesia's annual economic growth eased to 2.97 percent in the first quarter of 2020, the weakest pace since the first quarter of 2001 and well below market consensus of 4.04 percent, as the country started closing schools and offices in late March to contain the rapid spread of the coronavirus pandemic. The economy of Indonesia is the largest in Southeast Asia and is one of the emerging market economies of the world. Indonesia’s gig economy is booming, yet there’s a debate about whether that’s necessarily a good thing for a big chunk of the nation’s workforce or the overall economy in the long-run. Indonesia is a member of G20 and classified as a newly industrialised country. Indonesia is widely seen as a future economic giant.
An index above 50 indicates an overall increase Consequently, the current account deficit has widened but it remains moderate, at 2.9% of GDP in the first three quarters of 2018. The Manufacturing Purchasing Managers Index is a survey-based leading indicator.