Resilient growth amidst improved fundamentals

B1

LOW RISK for entreprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • 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)
  • Fast growing economy
  • Abundant natural resources
  • Favorable demographics
  • Relatively resilient banking system
  • Solid public finances and sound fiscal policies
  • 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

Trade structure by destination/origin

(% of total, 2022)

Exports Rank Imports
China 20.7%
1
25.3% China
United States 10.9%
2
8.6% Singapore
Japan 8.0%
3
7.7% Japan
India 7.6%
4
5.5% Thailand
Malaysia 5.3%
5
5.3% India

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%
5
4.6% Organic chemicals
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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