Since 1999 the economy has recovered and growth has accelerated to over 4–6% in recent years.įocus Economics panelists (July 19, 2016) state: “Government spending on infrastructure and supportive conditions for household spending should fuel an acceleration in growth this year. In 2014 the export revenues were US$176 billion and imports expenditure US$178.2 billion. The main destinations of the Indonesian exports are Japan (17.28%), Singapore (11.29%), the USA (10.81%), and China (7.62%), while imports to Indonesia are mainly coming from Singapore (24.96%), China (12.52%), and Japan (8.92%). Indonesia is one the most important exporting countries the world in 2010. The progress of the construction and building materials sector includes the completion of a number of megaprojects, such as bridges, railways and power stations. With a population of 250 million people the government is focus on the country’s growth. Infrastructure is one of the main targets under development.
The government of Indonesia has approved a development plan for the next twenty years, starting from 2005.The plan is subdivided in five years intermediate plans, with each one of then targeting in different goals. The Indonesian economy is the world’s 16th largest by nominal GDP and the 8th largest by GDP at PPP.
The country’s economy is mixed with the private and public sectors having equivalent importance (the central government owns 141 enterprises). Indonesia is a member of the G-20 major economies and a founding member of ASEAN. The Indonesian GDP is $861.9 billion, with a grow rate 4.8% and inflation 6.4% (2015). Indonesia it is the largest island country of the world, having the world’s fourth bigger population estimated over 260 millions of people according to the latest United Nations estimates, being at the same time the country with the most populous Muslim majority.
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