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 bank Bank Indonesia
International Reserves US$ 110.137 billion (Source: IMF; Data updated: 2012)
Gross Domestic Product - GDP US$ 928.274 billion (2011 estimate)
GDP (Purchasing Power Parity) 1.209 trillion of International dollars (2011 estimate)
Real GDP growth
2001 2002 2003 2004 2005 2006 2007 2008
3.6% 4.5% 4.8% 5% 5.7% 5.5% 6.3% 6%
2009 2010 2011 2012*
4.6% 6.2% 6.5% 6.1%

*Estimate

GDP per capita - current prices US$ 3,797 (2011 estimate)
GDP per capita - PPP $4,944 International Dollars (2011 estimate)
GDP (PPP) - share of world total
1980 1990 2000 2010 2015**
0.95% 1.18% 1.19% 1.39% 1.57%

**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 March 2012)

Inflation
2009 2010 2011 2012*
4.8%(2008) 5.1% 5.4% 6.2%

*Estimate

Unemployment rate
2009 2010 2011 2012*
7.9% 7.1% 6.6%(2009) 6.4%

*Estimate

Household saving rates N/A

(Data released on December 2011)

Public debt (General government gross debt as a % of GDP)
2008 2009 2010 2011 2012*
33.2% 28.6% 27.4% 25% 23.2%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2008 2009 2010 2011* 2012**
0% -1.8% -1.2% -1.6% -1%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: BB+

Moody's rating: Baa3

Moody's outlook: STA

(Foreign Currency Government Bond Ratings; Data last updated Dec 2011 and Nov 2012)

Market value of publicly traded shares
2009 2010 2011
US$178.2 billion US$360.4 billion US$390.1 billion
Largest companies in Indonesia Semen Gresik (Construction Materials), Bumi Resources (Diversified Metals & Mining), PGN (Natural Gas Utilities), Bank Rakyat Indonesia (Regional Banks), Bank Mandiri (Regional Banks), Bank Central Asia (Regional Banks), Bank Negara Indonesia (Regional Banks), Bank Danamon Indonesia (Regional Banks), Telekom Indonesia (Telecommunications services),Gudang Garam (Tobacco) (2012)
DATA ON TRADE AND COMPETITIVENESS
Current account balance US$ -3.9 billion (2011 estimate)(After 2008)
Current account balance by percentage of GDP -0.4% of GDP (2011 estimate)(2009)
Exports as percent of GDP

(Exports of goods and services)

24.6% (2010)

(Data released on April 2012)

Shares in world total merchandising export 1.1%(2007)

(Data were released in 2012 and refer to 2011)

Shares in world total commercial services export 0.48% (2011)(2007)

(Data were released in 2012)

Total exports US$188.7 billion (2012 estimate) 
Export commodities oil and gas, electrical appliances, plywood, textiles, rubber
Total imports US$179 billion (2012 estimate) 
Import commodities machinery and equipment, chemicals, fuels, foodstuffs
Exports - major partners Japan 16.6%, China 11.3%, Singapore 9.1%, US 8.1%, South Korea 8.1%, India 6.6%, Malaysia 5.4% (2011)
Imports - major partners China 14.8%, Singapore 14.6%, Japan 11%, South Korea 7.3%, US 6.1%, Thailand 5.9%, Malaysia 5.9% (2011)
FDI inflows
2009 2010 2011
US$4,877 million US$13,771 million(2009) US$18,906 million(2009)
FDI outflows
2009 2010 2011
US$2,249 million US$2,664 million US$7,771 million
Value of cross-border M&A, by country of purchaser
2008 2009 2010 2011
US$913 million US$-2,590 million(2009) US$256 million(2009) US$449 million
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

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

Cross-border M&A deals worth over $3 billion completed in 2011

(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 - 185. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 128 out of 185 countries(2009) (2013)

Subcategories:

Starting a business: 166 out of 185 countries(2009)

Enforcing Contracts: 144 out of 185 countries

Registering Property: 98 out of 185 countries

Getting credit: 129 out of 185 countries

Protecting investors: 49 out of 185 countries

Trading across border: 37 out of 185 countries

Paying Taxes: 131 out of 185 countries

Dealing with Construction Permits: 75 out of 185 countries

Getting Electricity: 147 out of 185 countries

Resolving Insolvency: 148 out of 185 countries

(2013)

Global competitiveness ranking
(ranking by country on a basis of 144, the first is the best)
50

(2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 115 Score: 56.4 (Mostly Unfree) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW
Time zone UTC+7
Total area 1,904,569 km2 (2006)
Capital Jakarta (2009)
Currency Indonesian rupiah (IDR) (2009)
Government type republic (2009)
Languages Bahasa Indonesia (official, modified form of Malay), English, Dutch, local dialects (the most widely spoken of which is Javanese)
Religions Muslim 86.1%, Protestant 5.7%, Roman Catholic 3%, Hindu 1.8%, other or unspecified 3.4% (2000 census)
Total population
1980 1990 2000 2012* 2017**
148.04 million 179.83 million 205.13 million 244.47 million 262.4 million

*Estimate    **Forecast

Urban population as % of total population
1960 1980 2000 2011
14.6% 22.1% 42% 50.7%
Population median age 28 years (2010)
Population growth rate 1% (2011)
Life expectancy 69 years (2010)
Adult literacy 92% (2005/2010)
% of population living on less than $2 a day 50.56% (2011)
Inequality of wealth distribution (Gini index)

34.01 (2005)

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:2
Civil Liberties:3 (2011)

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

Total telephone subscribers as % of population

113.66% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population 18% (Data were released in 2012 and refer to 2011)
Cost of living - Mercer 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)

1.9029 (Data were released in 2012 and refer to 2009)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST TRADE FINANCE BANKS & PROVIDERS

2013:
  • COUNTRY WINNERS Bank Central Asia (National, 2013)
2012:
  • COUNTRY WINNERS Bank Danamon (National, 2012)
2011:
  • COUNTRY WINNERS Bank Danamon (Global, 2011)
2010:
  • COUNTRY WINNERS Bank Danamon (Global, 2010)
2009:
  • COUNTRY WINNERS Bank Danamon (2009)

WORLD'S BEST INTERNET BANKS

2012:
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (National, 2012)
  • COUNTRY WINNERS / Best Consumer Internet Banks Citi (National, 2012)
2011:
  • COUNTRY WINNERS / Best Consumer Internet Banks Citi (Global, 2011)
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks Citi (Global, 2011)
2010:
  • COUNTRY WINNERS / Best Consumer Internet Banks Citi (National, 2010)
  • COUNTRY WINNERS / Best Corporate / Institutional Internet Banks HSBC (Asia Pacific and Middle East, 2010)
2009:
  • COUNTRY WINNERS / Best Consumer Internet Banks Citi (National, 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 (Global, 2010)
2009:
  • COUNTRY WINNERS Bank Muamalat Indonesia (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 (Global, 2010)
2009:
  • COUNTRY WINNERS PT Bank Central Asia (National, 2009)

WORLD'S BEST SUB CUSTODIANS

2012:
  • COUNTRY WINNERS Standard Chartered Bank (National, 2012)
2011:
  • COUNTRY WINNERS Standard Chartered Bank (National, 2011)
2009:
  • COUNTRY WINNERS Standard Chartered (2009)

WORLD'S BEST INVESTMENT BANKS

2013:
  • COUNTRY WINNERS Mandiri Sekuritas (National, 2013)
2012:
  • COUNTRY WINNERS Mandiri Sekuritas (Jean-Claude Trichet, 2012)
2011:
  • DEALS OF THE YEAR / Best Equity Deal Petrobas ($70 Billion) (Middle East, 2011)
  • COUNTRY WINNERS Mandiri Sekuritas (Stanley Fischer, 2011)
2010:
  • COUNTRY WINNERS Mandiri Sekuritas (Global, 2010)
2009:
  • COUNTRY WINNERS Mandiri Sekuritas (National, 2009)

CENTRAL BANKER REPORT CARD

2012:
2011:
2010:
2009:

TOP 200 EMERGING MARKETS BANKS

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

WORLD'S BEST FOREIGN EXCHANGE PROVIDERS

2013:
  • COUNTRY WINNERS DBS Indonesia (National, 2013)
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