Indonesia’s economy, the largest in Southeast Asia, hit a milestone in 2017 by reaching US$1 trillion.
Gross domestic product (GDP) was an estimated US$1.004 trillion in 2017, eventhough economic growth was probably lower than the 5.2% initially projected.
The liberalisation of foreign investment regulations boosted FDI inflows. By tackling bottlenecks in transportation, agriculture and fisheries, and energy diversification, Indonesia could unlock a further $1.8 trillion in business opportunities by 2030. To achieve its full potential, MicKinsey advises labour productivity will need to grow at an annual rate of 4.6% (a 60% increase over the average growth rate this past decade).
Indonesia young population | unsplash.com by Deddy Yoga Pratama
The Indonesian economy is the largest economy in Southeast Asia and is one of the world’s largest emerging markets. Indonesian GDP is projected to exceed $3.7 trillion in 2030. “This will significantly increase Indonesia’s global geopolitical influence as a leading emerging market, shaping international policymaking in global forums such as the G-20 and United Nations,” according to IHS.
Indonesia has a large and fast-growing population (250 million), fast-growing household spending by middle class households and rapid growth projected in a wide range of industries. Currently the world´s 16th largest economy, McKinsey estimates Indonesia could leap into 7th place (overtaking Germany and the UK) if it can increase productivity. A rapidly growing population, set to add 90 million more people over the next two decades, is spurring domestic consumption.
Jakarta | freeimages.com
Four Southeast Asian economies will soon pass the trillion-dollar GDP mark by 2030. Following Indonesia, three members of ASEAN were projected to achieve this prestigious milestone: Malaysia, Thailand, and the Philippines.
I began my career in the banking industry in 1997, and stayed approx 6 years in it. This industry boost his knowledge about the economic condition in Indonesia, both macro and micro, and how to
More
understand it. My banking career continued in Yogyakarta when I joined in a program funded by the Asian Development Bank (ADB),as the coordinator for a program aimed to help improve the quality of learning and teaching process in private universities in Yogyakarta. When the earthquake stroke Yogyakarta, I chose to join an international NGO working in the area of ?disaster response and management, which allows me to help rebuild the city, as well as other disaster-stricken area in Indonesia. I went on to become the coordinator for emergency response in the Asia Pacific region. Then I was assigned for 1 year in Cambodia, as a country coordinator mostly to deliver developmental programs (water and sanitation, education, livelihood). In 2009, he continued his career as a protocol and HR officer at the U.S. Consulate General in Surabaya, and two years later I joined the Political and Economic Section until now, where i have to deal with extensive range of people and government officials, as well as private and government institution troughout eastern Indonesia.
I am the founder and Editor-in-Chief in Good News From Indonesia (GNFI), a growing and influential social media movement, and was selected as one of The Most Influential Netizen 2011 by The Marketeers magazine.
I also wrote a book on "Fundamentals of Disaster Management in 2007"?, "Good News From Indonesia : Beragam Prestasi Anak Bangsa di dunia"? which was luanched in August 2013, and "Indonesia Bersyukur"? which is launched in Sept 2013. In 2014, 3 books were released in which i was one of the writer; "Indonesia Pelangi Dunia"?, "Indonesia The Untold Stories"? and "Growing! Meretas Jalan Kejayaan"
I give lectures to students in lectures nationwide, sharing on full range of issues, from economy, to diplomacy
Less
