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About Indonesia and Key Financial Statistics
Overview of Economy:
Indonesia has seen a slowdown in growth since 2012, mostly due to the end of the commodities export boom. During the global financial crisis, Indonesia outperformed its regional neighbors and joined China and India as the only G20 members posting growth. The government has promoted fiscally conservative policies, resulting in a debt-to-GDP ratio of less than 25% and historically low rates of inflation. Fitch and Moody's upgraded Indonesia's credit rating to investment grade in December 2011. Indonesia still struggles with poverty and unemployment, inadequate infrastructure, corruption, a complex regulatory environment, a current account deficit, and unequal resource distribution among regions. President Joko WIDODO - elected in July 2014 - has emphasized maritime and other infrastructure development, and especially increased electric power capacity, since taking office. Fuel subsidies were almost completely removed in early 2015, a move which could help the government increase spending on its development priorities. Indonesia, with the nine other ASEAN members, will continue to move towards participation in the ASEAN Economic Community, though full implementation of economic integration will not be completed by the previously-set deadline of year-end 2015.
Gross Domestic Product (In USD):
$2.686 trillion (2014 est.)
$2.557 trillion (2013 est.)
$2.422 trillion (2012 est.)
Composition of Gross Domestic Product:
% Agricuture: 13.7
% Industry: 42.9
% Services: 43.3
Composition of Labor Force by Occupation:
% Agriculture: 38.9
% Industry: 13.2
% Services: 47.9
Per Capita Income:
$10,700 (2014 est.)
$10,100 (2013 est.)
$9,600 (2012 est.)
Exports:
$175.3 billion (2014 est.)
$182.1 billion (2013 est.)
Key Export Commodities:
palm oil, oil and gas, ores and slags, electrical appliances, plywood, textiles, rubber
Export Partners:
Japan 13.1%, China 10%, Singapore 9.5%, US 9.4%, India 7%, South Korea 6%, Malaysia 5.5% (2014)
Imports:
$168.4 billion (2014 est.)
$176.3 billion (2013 est.)
Key Import Commodities:
machinery and equipment, electronic equipment, chemicals, fuels, foodstuffs
Import Partners:
China 17.2%, Singapore 14.1%, Japan 9.6%, South Korea 6.7%, Malaysia 6.1%, Thailand 5.5%, US 4.6% (2014)
Inflation Rate (Consumer Price Index):
6.4% (2014 est.)
6.4% (2013 est.)
Exchange Rate to USD:
ndonesian rupiah (IDR) per US dollar -
11,865.2 (2014 est.)
11,865.2 (2013 est.)
9,386.63 (2012 est.)
8,770.43 (2011 est.)
9,090.4 (2010 est.)
Unemployment Rate:
5.9% (2014 est.)
5.7% (2013 est.)
S&P Rating:
Standard & Poor's Ratings:
AAA: The best quality borrowers, reliable and stable
AA: Quality borrowers, a bit higher risk than AAA
A: Economic situation can affect finance
BBB: Medium class borrowers, which are satisfactory at the moment
BB: More prone to changes in the economy
B: Financial situation varies noticeably
CCC: An obligor rated currently vulnerable, and is dependent upon favorable business, financial, and economic conditions to meet its financial commitments.
Ref 2012-2014: CIA World Factbook, Wikipedia, PWC, EY, Standard & Poors ratings
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