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Indonesia Economy 2009
http://www.geographic.org/wfb2009/indonesia/indonesia_economy.html
SOURCE: 2009 CIA WORLD FACTBOOK

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Economy - overview:
Indonesia, a vast polyglot nation, has made significant economic advances under the administration of President YUDHOYONO, but faces challenges stemming from the global financial crisis and world economic downturn. Indonesia's debt-to-GDP ratio in recent years has declined steadily because of increasingly robust GDP growth and sound fiscal stewardship. The government has introduced significant reforms in the financial sector, including in the areas of tax and customs, the use of Treasury bills, and capital market supervision. Indonesia's investment law, passed in March 2007, seeks to address some of the concerns of foreign and domestic investors. Indonesia still struggles with poverty and unemployment, inadequate infrastructure, corruption, a complex regulatory environment, and unequal resource distribution among regions. The non-bank financial sector, including pension funds and insurance, remains weak, and despite efforts to broaden and deepen capital markets, they remain underdeveloped. Economic difficulties in early 2008 centered on high global food and oil prices and their impact on Indonesia's poor and on the budget. The onset of the global financial crisis dampened inflationary pressures, but increased risk aversion for emerging market assets resulted in large losses in the stock market, significant depreciation of the rupiah, and a difficult environment for bond issuance. As global demand has slowed and prices for Indonesia's commodity exports have fallen, Indonesia faces the prospect of growth significantly below the 6-plus percent recorded in 2007 and 2008.

GDP (purchasing power parity):
$915.9 billion (2008 est.)
$863.1 billion (2007)
$811.1 billion (2006)
note: data are in 2008 US dollars

GDP (official exchange rate):
$510.8 billion (2008 est.)

GDP - real growth rate:
6.1% (2008 est.)
6.4% (2007 est.)
5.5% (2006 est.)

GDP - per capita (PPP):
$3,900 (2008 est.)
$3,700 (2007 est.)
$3,500 (2006 est.)
note: data are in 2008 US dollars

GDP - composition by sector:
agriculture: 13.5%
industry: 45.6%
services: 40.8% (2008 est.)

Labor force:
112 million (2008 est.)

Labor force - by occupation:
agriculture: 42.1%
industry: 18.6%
services: 39.3% (2005 est.)

Unemployment rate:
8.4% (2008 est.)

Household income or consumption by percentage share:
lowest 10%: 3.6%
highest 10%: 28.5% (2002)

Distribution of family income - Gini index:
39.4 (2005)

Investment (gross fixed):
23.6% of GDP (2008)

Budget:
revenues: $101.1 billion
expenditures: $101.6 billion (2008 est.)

Public debt:
30.1% of GDP (2008 est.)

Inflation rate (consumer prices):
11.1% (2008 est.)

Central bank discount rate:
9.25% (31 December 2008)

Commercial bank prime lending rate:
15.13% (31 December 2008)

Stock of money:
$41.8 billion (31 December 2008)

Stock of quasi money:
$120 billion (31 December 2008)

Stock of domestic credit:
$134.8 billion (31 December 2008)

Market value of publicly traded shares:
$111.5 billion (31 December 2008)

Agriculture - products:
rice, cassava (tapioca), peanuts, rubber, cocoa, coffee, palm oil, copra; poultry, beef, pork, eggs

Industries:
petroleum and natural gas, textiles, apparel, footwear, mining, cement, chemical fertilizers, plywood, rubber, food, tourism

Industrial production growth rate:
2.8% (2008 est.)

Electricity - production:
142.4 billion kWh (2007 est.)

Electricity - consumption:
121.2 billion kWh (2007 est.)

Electricity - exports:
0 kWh (2007 est.)

Electricity - imports:
0 kWh (2007 est.)

Oil - production:
977,000 bbl/day (2008 est.)

Oil - consumption:
1.564 million bbl/day (2008 est.)

Oil - exports:
85,000 bbl/day (2008 est.)

Oil - imports:
672,000 bbl/day (2008 est.)

Oil - proved reserves:
3.99 billion bbl (1 January 2007 est.)

Natural gas - production:
56 billion cu m (2007 est.)

Natural gas - consumption:
23.4 billion cu m (2007 est.)

Natural gas - exports:
32.6 billion cu m (2007 est.)

Natural gas - imports:
0 cu m (2007 est.)

Natural gas - proved reserves:
2.659 trillion cu m (1 January 2008 est.)

Current account balance:
$1 billion (2008 est.)

Exports:
$136.8 billion f.o.b. (2008 est.)

Exports - commodities:
oil and gas, electrical appliances, plywood, textiles, rubber

Exports - partners:
Japan 20.7%, US 10.2%, Singapore 9.2%, China 8.5%, South Korea 6.6%, Malaysia 4.5%, India 4.3% (2007)

Imports:
$128.8 billion f.o.b. (2008 est.)

Imports - commodities:
machinery and equipment, chemicals, fuels, foodstuffs

Imports - partners:
Singapore 13.2%, China 11.5%, Japan 8.8%, Malaysia 8.6%, US 6.4%, Thailand 5.8%, Saudi Arabia 4.5%, South Korea 4.3%, Australia 4% (2007)

Reserves of foreign exchange and gold:
$51.54 billion (31 December 2008)

Debt - external:
$151.7 billion (30 September 2008)

Stock of direct foreign investment - at home:
$63.46 billion (2008 est.)

Stock of direct foreign investment - abroad:
$4.277 billion (2008 est.)

Exchange rates:
Indonesian rupiah (IDR) per US dollar - 9,698.9 (2008), 9,143 (2007), 9,159.3 (2006), 9,704.7 (2005), 8,938.9 (2004)


NOTE: The information regarding Indonesia on this page is re-published from the 2009 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Indonesia Economy 2009 information contained here. All suggestions for corrections of any errors about Indonesia Economy 2009 should be addressed to the CIA.



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