Indonesia Snapshot - PESTLE, SWOT, Risk and Macroeconomic Analysis report is designed to provide in-depth information about Indonesia including it’s PESTLE (political, economic, social, technological, legal and environmental), SWOT (Strengths, Weaknesses, Opportunities and Threats) and country risk analysis backed by macroeconomic data.
The largest economy in Southeast Asia, Indonesia – a diverse archipelago nation of more than 300 ethnic groups -- has charted impressive economic growth since overcoming the Asian financial crisis of the late 1990s. Today, Indonesia is the world’s fourth most populous nation, the world’s 10th largest economy in terms of purchasing power parity, and a member of the G-20.
Indonesia is expected to have a population of 277.432 million in the year 2023 and expected to reach 287.285 million by 2027, growing at a CAGR of 0.88%.
Indonesia’s real gross domestic product (GDP) was IDR 1,07,23,054.80 billion in 2020 and while recovering from the COVID-19 impact it increased by 3.56% to be around IDR 1,11,18,868.50 billion in 2021. It is further expected to increase by 5.50% and reach IDR 1,53,35,494.46 billion by 2027.
Indonesia’s unemployment rate was 6% of total labor force in 2022. It is expected to decrease at a CAGR of 3.2% and reach 5.1% by 2027.
Indonesia’s per capita GDP was USD 4,690.749 whereas purchasing power parity (PPP) based per capita GDP was USD 14,534.953 for the year 2022.
In 2022, Indonesia government’s revenue was IDR 25,07,230.943 billion whereas the expenditure was IDR 32,43,267.076 billion. This resulted in Indonesia government’s net lending / borrowing negative at IDR 7,36,036.132 billion in 2022 indicating that not enough financial resources were made available by the Indonesia government to boost economic growth.
The current account balance for Indonesia was positive at USD 57.661 billion for the year 2022 and is expected to decrease and reach negative USD 28.066 billion by 2027. This negative current account balance indicates that Indonesia will become a net borrower from the rest of the world by 2027.
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