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Indonesia Economy 2012

SOURCE: 2012 CIA WORLD FACTBOOK AND OTHER SOURCES











Indonesia Economy 2012
SOURCE: 2012 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on February 21,

Economy - 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. Increasing investment by both local and foreign investors is also supporting solid growth. Although the economy slowed to 4.6% growth in 2009 from the 6%-plus growth rate recorded in 2007 and 2008, by 2010 growth returned to a 6% rate and remained there in 2011. During the recession, Indonesia outperformed most of its regional neighbors. The country experienced high inflation in early 2010, mainly due to food shortages, but agencies across the government acted quickly to ensure sufficiant food stocks. 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, and in December 2011, Fitch Ratings Agency upgraded the country's credit rating to investment grade for the first time since 1997. 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. In 2011 the government 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.

GDP (purchasing power parity):
$1.121 trillion (2011 est.)
country comparison to the world: 16

$1.054 trillion (2010 est.)
$993 billion (2009 est.)
note: data are in 2011 US dollars
[see also: GDP country ranks ]

GDP (official exchange rate):
$834.3 billion (2011 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
6.4% (2011 est.)
country comparison to the world: 38

6.1% (2010 est.)
4.6% (2009 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$4,700 (2011 est.)
country comparison to the world: 151

$4,400 (2010 est.)
$4,300 (2009 est.)
note: data are in 2011 US dollars
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
agriculture: 14.9%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 46%
[see also: GDP - composition by sector - industry country ranks ]
services: 39.1% (2011 est.)
[see also: GDP - composition by sector - services country ranks ]

Labor force:
117 million (2011 est.)
country comparison to the world: 5
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 38.3%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 12.8%
[see also: Labor force - by occupation - industry country ranks ]
services: 48.9% (2010 est.)
[see also: Labor force - by occupation - services country ranks ]

Unemployment rate:
6.7% (2011 est.)
country comparison to the world: 70

7.9% (2009 est.)
[see also: Unemployment rate country ranks ]

Population below poverty line:
13.33% (2010)
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: 3.3%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 29.9% (2009)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Distribution of family income - Gini index:
36.8 (2009)
country comparison to the world: 81

39.4 (2005)
[see also: Distribution of family income - Gini index country ranks ]

Investment (gross fixed):
32% of GDP (2011 est.)
country comparison to the world: 26
[see also: Investment (gross fixed) country ranks ]

Budget:
revenues: $134.3 billion
[see also: Budget revenues country ranks ]
expenditures: $144.1 billion (2011 est.)
[see also: Budget expenditures country ranks ]

Taxes and other revenues:
16.1% of GDP (2011 est.)
country comparison to the world: 181
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-1.2% of GDP (2011 est.)
country comparison to the world: 58
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
24.5% of GDP (2011 est.)
country comparison to the world: 105

25.7% of GDP (2010 est.)
[see also: Public debt country ranks ]

Inflation rate (consumer prices):
5.7% (2011 est.)
country comparison to the world: 133

5.1% (2010 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Central bank discount rate:
6.37% (31 December 2010)
country comparison to the world: 62

6.46% (31 December 2009)
note: this figure represents the 3-month SBI rate; BI has not employed the one-month SBI since September 2010
[see also: Central bank discount rate country ranks ]

Commercial bank prime lending rate:
12.2% (31 December 2011 est.)
country comparison to the world: 65

13.252% (31 December 2010 est.)
note: these figures represent the average annualized rate on working capital loans
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$81.44 billion (31 December 2011 est.)
country comparison to the world: 38

$67.34 billion (31 December 2010 est.)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$333.2 billion (31 December 2011 est.)
country comparison to the world: 30

$274.9 billion (31 December 2010 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$305.2 billion (31 December 2011 est.)
country comparison to the world: 35

$254.1 billion (31 December 2010 est.)
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$360.4 billion (31 December 2010)
country comparison to the world: 32

$178.2 billion (31 December 2009)
$98.76 billion (31 December 2008)
[see also: Market value of publicly traded shares country ranks ]

Agriculture - products:
rice, cassava (tapioca), peanuts, rubber, cocoa, coffee, palm oil, copra; poultry, beef, pork, eggs

Industries:
petroleum and natural gas, textiles, apparel, footwear, mining, cement, chemical fertilizers, plywood, rubber, food, tourism

Industrial production growth rate:
3.5% (2011 est.)
country comparison to the world: 98
[see also: Industrial production growth rate country ranks ]

Electricity - production:
141.2 billion kWh (2008 est.)
country comparison to the world: 24
[see also: Electricity - production country ranks ]

Electricity - consumption:
126.1 billion kWh (2008 est.)
country comparison to the world: 26
[see also: Electricity - consumption country ranks ]

Electricity - exports:
0 kWh (2009 est.)
[see also: Electricity - exports country ranks ]

Electricity - imports:
0 kWh (2009 est.)
[see also: Electricity - imports country ranks ]

Oil - production:
1.03 million bbl/day (2010 est.)
country comparison to the world: 23
[see also: Oil - production country ranks ]

Oil - consumption:
1.292 million bbl/day (2010 est.)
country comparison to the world: 18
[see also: Oil - consumption country ranks ]

Oil - exports:
404,100 bbl/day (2009 est.)
country comparison to the world: 32
[see also: Oil - exports country ranks ]

Oil - imports:
767,400 bbl/day (2009 est.)
country comparison to the world: 18
[see also: Oil - imports country ranks ]

Natural gas - production:
82.8 billion cu m (2010 est.)
country comparison to the world: 12
[see also: Natural gas - production country ranks ]

Natural gas - consumption:
40.47 billion cu m (2010 est.)
country comparison to the world: 23
[see also: Natural gas - consumption country ranks ]

Natural gas - exports:
42.33 billion cu m (2010 est.)
country comparison to the world: 8
[see also: Natural gas - exports country ranks ]

Natural gas - imports:
0 cu m (2010 est.)
country comparison to the world: 206
[see also: Natural gas - imports country ranks ]

Natural gas - proved reserves:
3.001 trillion cu m (1 January 2011 est.)
country comparison to the world: 13
[see also: Natural gas - proved reserves country ranks ]

Current account balance:
$5.704 billion (2011 est.)
country comparison to the world: 35

$5.654 billion (2010 est.)
[see also: Current account balance country ranks ]

Exports:
$208.9 billion (2011 est.)
country comparison to the world: 27

$158.1 billion (2010 est.)
[see also: Exports country ranks ]

Exports - commodities:
oil and gas, electrical appliances, plywood, textiles, rubber

Exports - partners:
Japan 16.3%, China 10%, US 9.1%, Singapore 8.7%, South Korea 8%, India 6.3%, Malaysia 5.9% (2010)

Imports:
$172.1 billion (2011 est.)
country comparison to the world: 29

$127.4 billion (2010 est.)
[see also: Imports country ranks ]

Imports - commodities:
machinery and equipment, chemicals, fuels, foodstuffs

Imports - partners:
China 15.1%, Singapore 14.9%, Japan 12.5%, US 6.9%, Malaysia 6.4%, South Korea 5.7%, Thailand 5.5% (2010)

Reserves of foreign exchange and gold:
$136.2 billion (31 December 2011 est.)
country comparison to the world: 18

$96.21 billion (31 December 2010 est.)
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$158.8 billion (31 December 2011 est.)
country comparison to the world: 34

$196.1 billion (31 December 2010 est.)
[see also: Debt - external country ranks ]

Stock of direct foreign investment - at home:
$105.7 billion (31 December 2011 est.)
country comparison to the world: 33

$86.15 billion (31 December 2010 est.)
[see also: Stock of direct foreign investment - at home country ranks ]

Stock of direct foreign investment - abroad:
$41.89 billion (31 December 2011 est.)
country comparison to the world: 35

$32.85 billion (31 December 2010 est.)
[see also: Stock of direct foreign investment - abroad country ranks ]

Exchange rates:
Indonesian rupiah (IDR) per US dollar -

8,696.1 (2011 est.)
9,090.43 (2010 est.)
10,389.9 (2009)
9,698.9 (2008)
9,143 (2007)


NOTE: 1) The information regarding Indonesia on this page is re-published from the 2012 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Indonesia Economy 2012 information contained here. All suggestions for corrections of any errors about Indonesia Economy 2012 should be addressed to the CIA.
2) The rank that you see is the CIA reported rank, which may habe the following issues:
  a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
  b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order






This page was last modified 07-Mar-12
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