Resilient growth amidst improved fundamentals
B1
LOW RISK for entreprise
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
Last updated in January 2024.
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GDP | USD1319.1bn (World ranking 16, World Bank 2022) |
Population | 275.5mn (World ranking 4, World Bank 2022) |
Form of state | Presidential Republic |
Head of government | Prabowo Subianto (President) |
Next elections | 2029 (legislative and presidential) |
Strengths & Weaknesses
![](/en_global/economic-research/country-reports/Indonesia/_jcr_content/root/parsys/wrapper/wrapper/multi_column_grid_co/grid-0-par/wrapper_copy_copy/wrapper/image.img.82.3360.png/1718711333301/plus.png)
- Fast growing economy
- Abundant natural resources
- Favorable demographics
- Relatively resilient banking system
- Solid public finances and sound fiscal policies
![](/en_global/economic-research/country-reports/Indonesia/_jcr_content/root/parsys/wrapper/wrapper/multi_column_grid_co/grid-1-par/wrapper_copy/wrapper/image.img.82.3360.png/1716971631893/minus.png)
- Weak legal system
- Inefficient tax administration and strong informal economy
- Exports’ dependency on commodities and China
- Serious infrastructure gap compared to regional peers
- Increasing inequality poses a threat to social cohesion and inclusive economic growth
- Low levels of educational spending
Economic Overview
Trade structure by destination/origin
(% of total, 2022)
Exports | Rank | Imports |
---|---|---|
China
20.7%
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1 |
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United States
10.9%
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2 |
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Japan
8.0%
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3 |
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India
7.6%
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4 |
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Malaysia
5.3%
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5 |
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Trade structure by product
(% of total, 2022)
Exports | Rank | Imports |
---|---|---|
Coal, coke and briquettes
20.6%
|
1 |
12.5%
Petroleum, petroleum products and related materials
|
Fixed vegetable oils and fats, crude, refined or fractionated
11.7%
|
2 |
7.5%
Iron and steel
|
Gas, natural and manufactured
11.2%
|
3 |
5.1%
Electrical machinery, apparatus and appliances, n.e.s.
|
Iron and steel
5.5%
|
4 |
5.0%
Other industrial machinery and parts
|
Articles of apparel & clothing accessories
3.6%
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5 |
4.6%
Organic chemicals
|
Collection Complexity
The Allianz Trade Collection Complexity Score provides a simple assessment of how easy it is to collect debt around the world. The 2022 edition covers 49 countries that represent nearly 90% of global GDP and 85% of global trade.
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