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Indonesia Economy Profile 2014

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Economy - overviewIndonesia, a vast polyglot nation, has grown strongly since 2010. During the global financial crisis, Indonesia outperformed its regional neighbors and joined China and India as the only G20 members posting growth. The government has promoted fiscally conservative policies, resulting in a debt-to-GDP ratio of less than 25% and historically low rates of inflation. Fitch and Moody's upgraded Indonesia's credit rating to investment grade in December 2011. Indonesia still struggles with poverty and unemployment, inadequate infrastructure, corruption, a complex regulatory environment, and unequal resource distribution among regions. The government also faces the challenges of quelling labor unrest and reducing fuel subsidies in the face of high oil prices.
GDP (purchasing power parity)$1.285 trillion (2013 est.)
$1.22 trillion (2012 est.)
$1.149 trillion (2011 est.)
note: data are in 2013 US dollars
GDP (official exchange rate)$867.5 billion (2013 est.)
GDP - real growth rate5.3% (2013 est.)
6.2% (2012 est.)
6.5% (2011 est.)
GDP - per capita (PPP)$5,200 (2013 est.)
$5,000 (2012 est.)
$4,800 (2011 est.)
note: data are in 2013 US dollars
Gross national saving31.5% of GDP (2013 est.)
32.6% of GDP (2012 est.)
33.1% of GDP (2011 est.)
GDP - composition, by end usehousehold consumption: 56%
government consumption: 9.4%
investment in fixed capital: 32.7%
investment in inventories: 2%
exports of goods and services: 23.5%
imports of goods and services: -25.8%
(2013 est.)
GDP - composition by sectoragriculture: 14.3%
industry: 46.6%
services: 39.1% (2013 est.)
Population below poverty line11.7% (2012 est.)
Labor force120 million (2013 est.)
Labor force - by occupationagriculture: 38.9%
industry: 13.2%
services: 47.9% (2012 est.)
Unemployment rate6.6% (2013 est.)
6.1% (2012 est.)
Unemployment, youth ages 15-24total: 22.2%
male: 21.6%
female: 23% (2009)
Household income or consumption by percentage sharelowest 10%: 3.3%
highest 10%: 29.9% (2009)
Distribution of family income - Gini index36.8 (2009)
39.4 (2005)
Budgetrevenues: $137.5 billion
expenditures: $166 billion (2013 est.)
Taxes and other revenues15.8% of GDP (2013 est.)
Budget surplus (+) or deficit (-)-3.3% of GDP (2013 est.)
Public debt24.2% of GDP (2013 est.)
23% of GDP (2012 est.)
Inflation rate (consumer prices)7.7% (2013 est.)
4.3% (2012 est.)
Central bank discount rate6.37% (31 December 2010)
6.46% (31 December 2009)
note: this figure represents the 3-month SBI rate; the Bank of Indonesia has not employed the one-month SBI since September 2010
Commercial bank prime lending rate12.1% (31 December 2013 est.)
11.8% (31 December 2012 est.)
note: these figures represent the average annualized rate on working capital loans
Stock of narrow money$82.99 billion (31 December 2013 est.)
$87.04 billion (31 December 2012 est.)
Stock of broad money$325 billion (31 December 2013 est.)
$342 billion (31 December 2012 est.)
Stock of domestic credit$336.2 billion (31 December 2013 est.)
$350 billion (31 December 2012 est.)
Market value of publicly traded shares$396.8 billion (31 December 2012 est.)
$390.1 billion (31 December 2011)
$360.4 billion (31 December 2010 est.)
Agriculture - productsrubber and similar products, palm oil, poultry, beef, forest products, shrimp, cocoa, coffee, medicinal herbs, essential oil, fish and its similar products, and spices
Industriespetroleum and natural gas, textiles, automotive, electrical appliances, apparel, footwear, mining, cement, medical instuments and appliances, handicrafts, chemical fertilizers, plywood, rubber, processed food, jewelry, and tourism
Industrial production growth rate4.3% (2013 est.)
Current Account Balance-$28.72 billion (2013 est.)
-$24.07 billion (2012 est.)
Exports$178.9 billion (2013 est.)
$187.3 billion (2012 est.)
Exports - commoditiesoil and gas, electrical appliances, plywood, textiles, rubber
Exports - partnersJapan 15.9%, China 11.4%, Singapore 9%, South Korea 7.9%, US 7.8%, India 6.6%, Malaysia 5.9% (2012)
Imports$178.6 billion (2013 est.)
$178.7 billion (2012 est.)
Imports - commoditiesmachinery and equipment, chemicals, fuels, foodstuffs
Imports - partnersChina 15.3%, Singapore 13.6%, Japan 11.9%, Malaysia 6.4%, South Korea 6.2%, US 6.1%, Thailand 6% (2012)
Reserves of foreign exchange and gold$83.45 billion (31 December 2013 est.)
$112.8 billion (31 December 2012 est.)
Debt - external$223.8 billion (31 December 2013 est.)
$224.1 billion (31 December 2012 est.)
Stock of direct foreign investment - at home$207.2 billion (31 December 2013 est.)
$192.7 billion (31 December 2012 est.)
Stock of direct foreign investment - abroad$17.41 billion (31 December 2013 est.)
$14.81 billion (31 December 2012 est.)
Exchange ratesIndonesian rupiah (IDR) per US dollar -
10,341.6 (2013 est.)
9,386.63 (2012 est.)
9,090.4 (2010 est.)
10,389.9 (2009)
9,698.9 (2008)
Fiscal yearcalendar year

Source: CIA World Factbook
Unless otherwise noted, information in this page is accurate as of August 23, 2014