How is the Indonesian economy? Indonesia has the largest economy in Southeast Asia and one of the world’s emerging economies. The State is also a member of the G-20 and is classified as a new industrialized nation.
It has a market economy in which the government plays the most important role through corporate ownership and controlling the prices of a range of commodities, including fuel, rice and electricity.
In the wake of the financial and economic crisis that began in mid-1997.
the government retained a large portion of the total private sector assets through access to troubled bank loans and corporate assets through debt restructuring.
Since 1999 the economy has begun to recover and accelerated growth to more than 4% – 6% in recent years.
Indonesia has a mixed economy:
the private sector, the government, which plays a large role, the largest economy in Southeast Asia, and a member of the G20.
with GDP estimated at $ 706.7 billion in 2010 with estimates of GDP per capita At “3.0155”.
The industrial sector is the largest sector in Indonesia’s economy.
accounting for 46.4% of GDP, followed by services sector (37.1%) and agriculture (16.5%).
Indonesia’s economy is market-based, and the Government plays a major role in its management.
Where the state owns more than 200 enterprises and sets prices for many commodities, including fuel, rice and electricity.
Until recently, Indonesia was the only member of Southeast Asia in OPEC.
Oil prices in the 1970s had the effect of providing significant export earnings.
which contributed to the continued rise in economic growth rates at an annual rate of more than 7 per cent from 1968 to 1981.
ndonesian economy forecast for 2020?
The Indonesian economy is expected to grow by between 5.5 percent and 6.6 percent in the next five years, the ministry said.
Investment, exports and domestic consumption will play a key role in boosting growth, the ministry said in a statement.
It is noteworthy that the government and the Central Bank of Indonesia are seeking to control inflation to maintain demand.
The Ministry of Finance expected the inflation rate to be between 2% and 4% during the period from 2020 to 2024.
Indonesia’s fiscal deficit is 1.8 percent of GDP in 2019, and the IMF expects its stability to remain unchanged in 2020.
Which is low and positive for the local economy, and would balance the support of growth and stability.