GFmag Online Readers Survey 2012
Indonesia


Indonesia Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Indonesia; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION
Central bankBank Indonesia
International ReservesUS$ 114.502 billion (Source: IMF; Data updated: November 2011)
Gross Domestic Product - GDPUS$ 822.631 billion (2010 estimate)
GDP (Purchasing Power Parity)1.106 trillion of International dollars (2010 estimate)
Real GDP growth
20002001200220032004200520062007
5.4%3.6%4.5%4.8%5%5.7%5.5%6.3%
2008200920102011*
6%4.6%6.1%6.2%

*Estimate

GDP per capita - current pricesUS$ 3,465 (2009 estimate)
GDP per capita - PPP$4,657 International Dollars (2009 estimate)
GDP (PPP) - share of world total
19801990200020102015**
0.95%1.18%1.19%1.39%1.54%

**Forecast

GDP - composition by sector
  • agriculture: 14.9% 
  • industry: 46% 
  • services: 39.1% (2011 estimate)

    • (Data released on February 2012)

Gross domestic expenditure on R&D (% of GDP)N/A

(Data released on November 2010)

Inflation
2008200920102011*
9.8%(2008)4.8%5.1%7.1%

*Estimate

Unemployment rate
2008200920102011*
8.4%7.9%7.1%(2009)6.7%

*Estimate

Household saving ratesN/A

(Data released on November 2010)

Public debt (General government gross debt as a % of GDP)
20072008200920102011*
36.9%33.2%28.6%26.9%25.4%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2007200820092010*2011**
-1.2%0%-1.6%-1.5%-1.7%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: BB/Positive/B

Moody's rating: Ba2

Moody's outlook: POS

(Foreign Currency Government Bond Ratings; Data last updated Nov 2010)

Market value of publicly traded shares
200720082009
US$211.693 billionUS$98.761 billionUS$178.191 billion
Largest companies in IndonesiaBank Mandiri (Regional Banks), Telekom Indonesia (Telecommunications services), Bank Rakyat Indonesia (Regional Banks), Bank Central Asia (Regional Banks), Bank Negara Indonesia (Regional Banks), PGN (Natural Gas Utilities)
(2011)
DATA ON TRADE AND COMPETITIVENESS
Current account balanceUS$ 7.3 billion (2010 estimate)(After 2008)
Current account balance by percentage of GDP0.9% of GDP (2010 estimate)(2009)
Exports as percent of GDP

(Exports of goods and services)

16.5% (2009)

(Data released on December 2010)

Shares in world total merchandising export1.04%(2007)

(Data were released in Nov 2011 and refer to 2010)

Shares in world total commercial services export0.44%(2007)

(Data were released in Nov 2011 and refer to 2010)

Total exportsUS$146.3 billion f.o.b. (2010 estimate)
Export commoditiesoil and gas, electrical appliances, plywood, textiles, rubber
Total importsUS$114.3 billion f.o.b. (2008 estimate)
Import commoditiesmachinery and equipment, chemicals, fuels, foodstuffs
Exports - major partnersJapan 20.7%, US 10.2%, Singapore 9.2%, China 8.5%, South Korea 6.6%, Malaysia 4.5%, India 4.3% (2007)
Imports - major partnersSingapore 13.2%, China 11.5%, Japan 8.8%, Malaysia 8.6%, US 6.4%, Thailand 5.8%, Saudi Arabia 4.5%, South Korea 4.3%, Australia 4% (2007)
FDI inflows
200820092010
US$9,318 millionUS$4,877 million(2009)US$13,304 million(2009)
FDI outflows
200820092010
US$5,900 millionUS$2,249 millionUS$2,664 million
Value of cross-border M&A, by country of purchaser
2008200920102011
US$913 millionUS$-2,590 million(2009)US$893 million(2009)US$74 million
Cross-border M&A deals worth over $3 billion completed in 2008

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 – 183. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 121 out of 183 countries(2009) (2010)

Subcategories:

Starting a business: 155 out of 183 countries(2009)

Registering property: 98 out of 183 countries

Paying Taxes: 130 out of 183 countries

Getting credit: 116 out of 183 countries

Protecting investors: 44 out of 183 countries

Trading across border: 47 out of 183 countries

Enforcing Contracts: 154 out of 183 countries

(2010)

Global competitiveness ranking
(ranking by country on a basis of 142, the first is the best)		46

(2011/2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 116 Score: 56 (Mostly Unfree) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW
Time zoneUTC+7
Total area 1,904,569 km2 (2006)
CapitalJakarta (2009)
CurrencyIndonesian rupiah (IDR) (2009)
Government typerepublic (2009)
LanguagesBahasa Indonesia (official, modified form of Malay), English, Dutch, local dialects (the most widely spoken of which is Javanese)
ReligionsMuslim 86.1%, Protestant 5.7%, Roman Catholic 3%, Hindu 1.8%, other or unspecified 3.4% (2000 census)
Total population
1980199020002010*2015**
148.04 million179.83 million205.13 million234.56 million250.21 million

*Estimate    **Forecast

Urban population as % of total population
1960198020002009
14.6%22.1%42%52.6%
Population median age27.0 years (2006)
Population growth rate1.1% (2009)
Life expectancy70 years (2007)
Adult literacy91% (2000/2007)
% of population living on less than $2 a day50.56% (2011)
Inequality of wealth distribution (Gini index)

36.8 (2009)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:2
Civil Liberties:3 (2010)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

107.54% (2010)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population9.1% (Data were released in 2011 and refer to 2010)
Cost of living index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Jakarta: 69th (2011)

CO2 emissions
(Metric tons of CO2 per capita)

1.786 (2008)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST TRADE FINANCE BANKS & PROVIDERS

2012:
  • COUNTRY WINNERS Bank Danamon (National, 2012)
2011:
  • COUNTRY WINNERS Bank Danamon (National, 2011)
2010:
  • COUNTRY WINNERS Bank Danamon (National, 2010)
2009:
  • COUNTRY WINNERS Bank Danamon (National, 2009)

WORLD'S BEST INTERNET BANKS

2011:
  • COUNTRY WINNERS / Best Consumer Internet Banks Citi (National, 2011)
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2011)
2010:
  • COUNTRY WINNERS / Best Consumer Internet Banks Citi (National, 2010)
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks HSBC (National, 2010)
2009:
  • COUNTRY WINNERS / Best Consumer Internet Banks Citi (2009)
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks HSBC (2009)

WORLD'S BEST ISLAMIC FINANCE INSTITUTIONS

2012:
  • COUNTRY WINNERS Bank Muamalat Indonesia (National, 2012)
2011:
  • COUNTRY WINNERS Bank Muamalat Indonesia (National, 2011)
2010:
  • COUNTRY WINNERS Bank Muamalat Indonesia (National, 2010)
2009:
  • COUNTRY WINNERS Bank Muamalat Indonesia (National, 2009)

WORLD'S BEST EMERGING MARKET BANKS

2012:
  • COUNTRY WINNERS Bank Central Asia (National, 2012)
2011:
  • COUNTRY WINNERS PT Bank Central Asia (National, 2011)
2010:
  • COUNTRY WINNERS PT Bank Central Asia (National, 2010)
2009:
  • COUNTRY WINNERS PT Bank Central Asia (National, 2009)

WORLD'S BEST SUB CUSTODIANS

2011:
  • COUNTRY WINNERS Standard Chartered Bank (National, 2011)
2009:
  • COUNTRY WINNERS Standard Chartered (2009)

WORLD'S BEST INVESTMENT BANKS

2012:
  • COUNTRY WINNERS Mandiri Sekuritas (National, 2012)
2011:
  • DEALS OF THE YEAR / Best Equity Deal Petrobas ($70 Billion) (Global, 2011)
  • COUNTRY WINNERS Mandiri Sekuritas (National, 2011)
2010:
  • COUNTRY WINNERS Mandiri Sekuritas (National, 2010)
2009:
  • COUNTRY WINNERS Mandiri Sekuritas (National, 2009)

CENTRAL BANKER REPORT CARD

2011:
2010:
2009:

TOP 200 EMERGING MARKETS BANKS

2010:
  • OVERALL BIGGEST PT Bank Mandiri (Persero) (Global, 2010)
  • OVERALL BIGGEST PT Bank Central Asia (Global, 2010)
  • OVERALL BIGGEST PT Bank Negara Indonesia (Persero) (Global, 2010)

WORLD'S BEST FOREIGN EXCHANGE PROVIDERS

2012:
  • COUNTRY WINNERS Standard Chartered (National, 2012)
2011:
  • COUNTRY WINNERS Standard Chartered Bank (National, 2011)
  • COUNTRY WINNERS Standard Chartered (National, 2011)
ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE