Economy of Indonesia

Introduction

The Indonesian economy is the largest economy in the region of Southeast Asia. The Indonesian economy is an emerging marketing economy in Southeast Asia. Indonesia is a member of G20 that’s shows that Indonesia is in the world top 20 economy in the world.

When we see the data of the Indonesian economy, we see that Indonesia is the 17th largest economy by nominal GDP and the 7th largest economy by GDP PPP.

The Indonesian capital and most prominent city name are Jakarta. Indonesian official and national language are Indonesian. Moreover, Indonesia has more than 700 regional languages spoken in all regions of Indonesia.

Indonesian GDP and Economy Overview

The Indonesian currency is called the Rupiah. The Indonesian economy is generally called a developing and an emerging economy with a lower middle-income economy.

The population in Indonesia is approx. 273,879,700 in the year 2022. Indonesia’s GDP rank is 17th nominal and 7th PPP in 2022. The GDP growth rate of Indonesia will be 3.5% in the year 2022. The GDP per capita of Indonesia is $4,700 nominal and $14,600 PPP in the year 2022.

The GDP per capita rank of Indonesia is 104th nominal and 97th PPP in the year 2022. The inflation rate of Indonesia is 4% according to the year 2022. 3% of the population of Indonesia lives below the poverty line. The HDI ( Human Development Index ) of Indonesia is 0.705 in the year 2022 which is considered a good HDI in the world. Indonesia’s HDI world rank is 114th in the world. The unemployment rate in Indonesia is 6% in the year 2022 stats.

Imports and Exports of Indonesia

Indonesia’s total exports are $230 billion in the year 2022. Indonesia’s main export goods are oil, steel, machinery, chemicals, and many others.

Indonesia’s main export partners are China, the United States, European Union, India, and others. Imports of Indonesia is $195 billion in the year 2022. Indonesia’s main import goods are machinery, steel, food products, chemicals, and others. Indonesia’s main import partners are China, Japan, the US, India, and others.

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