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Indonesia

Indonesia Economy Stats

jaacosta47

Author: jaacosta47

The Indonesian economy will be “back to the future after the elections” says international media reports. This is attainable by all means provided the country does not rely too much on foreign help and investments. There is nothing wrong to be dependent on sophisticated technology. Likewise, it is healthy to allow foreign investors to come in but over-dependence may not be advisable. One negative effect to watch out for is that natural resources may be siphoned by international conglomerates. The government has to take care of its resources.

Nonetheless, Indonesia maintains the biggest economy in Southeast Asia. The country is among the emerging market economies in the whole world. It belongs to the G-20 (major economic forces) and categorized as a newly-industrialized country. Market economy means that the government plays a noteworthy role via ownership of state-owned corporations. Incidentally, Indonesia owns 141 public enterprises. After the financial slump in 1997, the government took over a large part of private sector assets. This was done through the procurement of non-performing loans from banking institutions as well as companies. Debt restructuring was implemented. These strategies proved to be effective since growth accelerated by a maximum of six percent.

Indonesia recovered in terms of investment scores starting in 2011 based on prominent ratings companies. Another positive development is Jakarta’s hosting of the World Economic Forum on East Asia in 2015. Indonesia hosted the meeting last in 2011. 400 regional leaders are expected to attend the convention bannered by the next President of Indonesia. At present, Indonesia’s economy is considered to be the tenth largest in the globe with a 2.3 percent GDP. This was confirmed by the World Bank.

Overview:

Indonesia, a vast polyglot nation, has weathered the global financial crisis relatively smoothly because of its heavy reliance on domestic consumption as the driver of economic growth. Although the economy slowed significantly in 2009 from the 6%-plus growth rate recorded in 2007 and 2008, by 2010 growth returned to a 6% rate. During the recession, Indonesia outperformed its regional neighbors and joined China and India as the only G20 members posting growth. The government made economic advances under the first administration of President YUDHOYONO, introducing significant reforms in the financial sector, including tax and customs reforms, the use of Treasury bills, and capital market development and supervision. Indonesia's debt-to-GDP ratio in recent years has declined steadily because of increasingly robust GDP growth and sound fiscal stewardship. Indonesia still struggles with poverty and unemployment, inadequate infrastructure, corruption, a complex regulatory environment, and unequal resource distribution among regions. YUDHOYONO's reelection, with respected economist BOEDIONO as his vice president, suggests broad continuity of economic policy, although the start of their term has been marred by corruption scandals and the departure of an internationally respected finance minister. The government in 2010 faces the ongoing challenge of improving Indonesia's insufficient infrastructure to remove impediments to economic growth, while addressing climate change mitigation and adaptation needs, particularly with regard to conserving Indonesia's forests and peatlands, the focus of a potentially trailblazing $1 billion REDD+ pilot project.

Definitions

  • Budget > Revenues: Revenues calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms
  • Budget surplus > + or deficit > -: This entry records the difference between national government revenues and expenditures, expressed as a percent of GDP. A positive (+) number indicates that revenues exceeded expenditures (a budget surplus), while a negative (-) number indicates the reverse (a budget deficit). Normalizing the data, by dividing the budget balance by GDP, enables easy comparisons across countries and indicates whether a national government saves or borrows money. Countries with high budget deficits (relative to their GDPs) generally have more difficulty raising funds to finance expenditures, than those with lower deficits.
  • Currency > Least valued currency unit > Exchange rate to 1 US dollar: Exchange rate of some of the least valued currencies in the world with regards to the US Dollars, as of Jan 23, 2011.
  • Debt > Government debt > Public debt, share of GDP: Public debt as % of GDP (CIA).

    No date was available from the Wikipedia article, so we used the date of retrieval.

  • Exports: This entry provides the total US dollar amount of merchandise exports on an f.o.b. (free on board) basis. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
  • Fiscal year: The beginning and ending months for a country's accounting period of 12 months, which often is the calendar year but which may begin in any month. All yearly references are for the calendar year (CY) unless indicated as a noncalendar fiscal year (FY).
  • GDP: GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.
  • GDP > Composition by sector > Industry: The gross domestic product (GDP) or value of all final goods produced by the industrial sector within a nation in a given year. GDP dollar estimates in the Factbook are derived from purchasing power parity (PPP) calculations. See the CIA World Factbook for more information.
  • GDP > Per capita: This entry gives the gross domestic product (GDP) or value of all final goods and services produced within a nation in a given year. A nation's GDP at purchasing power parity (PPP) exchange rates is the sum value of all goods and services produced in the country valued at prices prevailing in the United States. This is the measure most economists prefer when looking at per-capita welfare and when comparing living conditions or use of resources across countries. The measure is difficult to compute, as a US dollar value has to be assigned to all goods and services in the country regardless of whether these goods and services have a direct equivalent in the United States (for example, the value of an ox-cart or non-US military equipment); as a result, PPP estimates for some countries are based on a small and sometimes different set of goods and services. In addition, many countries do not formally participate in the World Bank's PPP project that calculates these measures, so the resulting GDP estimates for these countries may lack precision. For many developing countries, PPP-based GDP measures are multiples of the official exchange rate (OER) measure. The difference between the OER- and PPP-denominated GDP values for most of the weathly industrialized countries are generally much smaller. Per capita figures expressed per 1 population.
  • GDP > Per capita > PPP: This entry shows GDP on a purchasing power parity basis divided by population as of 1 July for the same year.
  • GDP per capita: GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used. Figures expressed per capita for the same year.
  • Gross National Income: GNI, Atlas method (current US$). GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and prop).
  • Population below poverty line: National estimates of the percentage of the population lying below the poverty line are based on surveys of sub-groups, with the results weighted by the number of people in each group. Definitions of poverty vary considerably among nations. For example, rich nations generally employ more generous standards of poverty than poor nations.
  • Public debt: This entry records the cumulatiive total of all government borrowings less repayments that are denominated in a country's home currency. Public debt should not be confused with external debt, which reflects the foreign currency liabilities of both the private and public sector and must be financed out of foreign exchange earnings.
  • Unemployment rate: This entry contains the percent of the labor force that is without jobs. Substantial underemployment might be noted.
STAT AMOUNT DATE RANK HISTORY
Budget > Revenues $144.30 billion 2013 24th out of 223
Budget surplus > + or deficit > - -2.1% of GDP 2012 74th out of 182
Currency > Least valued currency unit > Exchange rate to 1 US dollar 8,765.01 2011 2nd out of 17
Debt > Government debt > Public debt, share of GDP 24.8 CIA 2014 121st out of 153
Exports $187.30 billion 2012 27th out of 189
Fiscal year calendar year 2013
GDP $878.19 billion 2012 17th out of 177
GDP > Composition by sector > Industry 46.9% 2012 19th out of 217
GDP > Per capita $4,348.44 per capita 2010 71st out of 118
GDP > Per capita > PPP $4,900.00 2012 123th out of 188
GDP per capita $3,557.39 2012 106th out of 177
Gross National Income $145.00 billion 2001 26th out of 158
Population below poverty line 11.7% 2012 13th out of 17
Public debt 23% of GDP 2012 122nd out of 149
Unemployment rate 6.1% 2012 72nd out of 112

SOURCES: CIA World Factbooks 18 December 2003 to 28 March 2011; CIA World Factbooks 2010, 2011, 2012, 2013; Xe Currency Converter; Wikipedia: List of countries by public debt (List) (Public debt , The World Factbook , United States Central Intelligence Agency , accessed on March 21, 2013.); All CIA World Factbooks 18 December 2003 to 18 December 2008; World Bank national accounts data, and OECD National Accounts data files.; CIA World Factbook 2010, 2011, 2012, 2013; World Bank national accounts data, and OECD National Accounts data files. Population figures from World Bank: (1) United Nations Population Division. World Population Prospects, (2) United Nations Statistical Division. Population and Vital Statistics Report (various years), (3) Census reports and other statistical publications from national statistical offices, (4) Eurostat: Demographic Statistics, (5) Secretariat of the Pacific Community: Statistics and Demography Programme, and (6) U.S. Census Bureau: International Database.; CIA World Factbooks 18 December 2003 to 28 March 2011

Citation

"Indonesia Economy Stats", NationMaster. Retrieved from http://www.nationmaster.com/country-info/profiles/Indonesia/Economy

NationMaster

Indonesia Economy Profiles (Subcategories)

Adjusted savings 3 Interest payments 3
Aid 5 International tourism 14
Balance of payments 33 Labor force 3
Bank and trade-related lending 4 Long-term debt 4
Budget 10 Market capitalization of listed companies 4
Business 8 Merchandise 4
Changes in net 4 Merchandise imports 4
Commercial service 4 Micro 4
Commercial service imports 4 National accounts 102
Companies 37 Natural gas 8
Currency 16 Net capital account 4
Current account balance 5 Net current transfers 4
Current transfers 4 Net errors and omissions 4
Debt 86 Net financial flows 24
Economic aid 3 Net income 4
Electricity 8 Net income from abroad 6
Entrepreneurship 12 Net incurrence of liabilities 3
Exports 3 Net trade in goods 4
External balance on goods and services 7 Net trade in goods and services 4
External debt 215 Official development assistance and official aid 4
Final 20 Oil 10
Financial sector 35 Portfolio investment 12
Foreign aid 43 Poverty 27
Foreign direct investment 10 Poverty and inequality 18
GDP 42 Private investment 3
GDP growth 3 Private nonguaranteed debt 4
GDP per capita 4 Public and publicly guaranteed debt service 6
GNI 12 Public and publicly guaranteed (PPG) debt 3
Gold 4 Purchasing power parity 11
Goods 4 Reserves 6
Goods imports 4 Retail 3
Government 12 Royalty and license fees 8
Government debt 8 Savings 44
Government spending 5 Service 4
Gross capital formation 10 Service imports 4
Gross domestic savings 6 Services 10
Gross fixed capital formation 10 Spending 73
Gross national expenditure 9 Stock of direct foreign investment 6
Gross savings 6 Stocks traded 5
Gross value added at factor cost 9 Tax 74
High-technology 4 Total 9
Household final 23 Total debt service 6
IBRD loans and IDA credits 4 Tourism 21
Income 24 Tourism expenditures 5
Income distribution 4 Tourism receipts 5
Income payments 4 Tourist arrivals by region of origin 7
Income receipts 4 Trade 1643
Inequality 8 Trademark applications 3
Inflation 9 Transnational corporations 4
Innovation 27 Use of IMF credit 4
  • Indonesia ranked first for GDP amongst Muslim countries in 2012.
  • Indonesia has had the highest tax > GDP > constant LCU since 1961.
  • Indonesia ranked first for GDP > composition by sector > industry amongst Emerging markets in 2012.
  • Indonesia ranked first for tax > GDP > current LCU amongst Hot countries in 2012.
  • Indonesia has had the highest tax > taxes on income, profits and capital gains > current LCU since 1991.
  • Indonesia has had the highest debt > central government debt, total > current LCU since 1991.
  • Indonesia has had the highest national accounts > local currency at constant prices > expenditure on GDP > general government final consumpt since 1979.
  • Indonesia has had the highest debt > interest payments > current LCU since 1991.
  • Indonesia ranked first for debt > net foreign assets > current LCU globally in 2012.

3

The Indonesian economy will be “back to the future after the elections” says international media reports. This is attainable by all means provided the country does not rely too much on foreign help and investments. There is nothing wrong to be dependent on sophisticated technology. Likewise, it is healthy to allow foreign investors to come in but over-dependence may not be advisable. One negative effect to watch out for is that natural resources may be siphoned by international conglomerates. The government has to take care of its resources.

Nonetheless, Indonesia maintains the biggest economy in Southeast Asia. The country is among the emerging market economies in the whole world. It belongs to the G-20 (major economic forces) and categorized as a newly-industrialized country. Market economy means that the government plays a noteworthy role via ownership of state-owned corporations. Incidentally, Indonesia owns 141 public enterprises. After the financial slump in 1997, the government took over a large part of private sector assets. This was done through the procurement of non-performing loans from banking institutions as well as companies. Debt restructuring was implemented. These strategies proved to be effective since growth accelerated by a maximum of six percent.

Indonesia recovered in terms of investment scores starting in 2011 based on prominent ratings companies. Another positive development is Jakarta’s hosting of the World Economic Forum on East Asia in 2015. Indonesia hosted the meeting last in 2011. 400 regional leaders are expected to attend the convention bannered by the next President of Indonesia. At present, Indonesia’s economy is considered to be the tenth largest in the globe with a 2.3 percent GDP. This was confirmed by the World Bank.

Posted on 25 May 2014

jaacosta47

jaacosta47

423 Stat enthusiast