What are the economic issues in Indonesia?
What are the economic issues in Indonesia?
The economic crisis, with its inflation, food shortages, widespread bankruptcies and loss of jobs, has threatened to end the recently-acquired affluence of some Indonesians or to bring a return to poverty for many more.
What is the main economy of Indonesia?
Indonesia: Economy
| Economic Trivia | The industry sector is the economy’s largest and accounts for 46.4% of GDP (2012), this is followed by services (38.6%) and agriculture (14.4%). |
|---|---|
| Top Industries | Petroleum and Natural Gas; Textiles; Automotive; Electrical Appliances |
What makes up Indonesia economy?
Indonesia has a market-based economy in which the government plays a significant role, including administering prices for some basic goods such as fuel, rice and electricity. In terms of value added, the industrial sector accounted for 40 per cent of GDP in 2015. The United States is also a significant export market.
How are macroeconomic indicators used in the Indonesian economy?
This section provides detailed accounts of specific macroeconomic indicators that function as important tools to measure the current condition of the Indonesian economy. Analyses of such statistics can help to predict future economic developments and performance. Click on an economic indicator below to read a detailed account.
What is the current economic outlook of Indonesia?
Despite heightened global uncertainty, Indonesia’s economic outlook continues to be positive, with domestic demand being the main driver of growth. Supported by robust investment, stable inflation, and a strong job market, Indonesia’s economic growth is forecast to reach 5.2% in 2019.
What is the World Bank report on Indonesia?
The Indonesia Economic Prospects (IEP), a successor of the Indonesia Economic Quarterly, is a six-monthly World Bank report that aims to provide an impartial and up-to-date assessment of recent global and domestic macroeconomic developments, outlook and risks, as well as specific development challenges for the Indonesian economy.
When did Indonesia reach upper middle income status?
Prior to the COVID-19 crisis, Indonesia was able to maintain consistent economic growth, recently qualifying the country to reach upper middle income status . Indonesia’s economic planning follows a 20-year development plan, spanning from 2005 to 2025.