Indonesia at a glance

Untitled1INDONESIA AT A GLANCE

Indonesia is an archipelago comprising 13,466 islands. It encompasses 33 provinces and 1 Special Administrative Region (for being governed by a pre-colonial monarchy) with over 238 million people, making it the world’s fourth most populous country. Indonesia’s republic form of government comprises an elected legislature and president. The nation’s capital city is Jakarta. Indonesia is a founding member of ASEAN and a member of the G-20 major economies. Indonesia’s estimated gross domestic product (nominal), as of 2012 was US$ 928.274 billion with estimated nominal per capita GDP was US$ 3,797, and per capita GDP PPP was US$4,943 (international dollars).The gross domestic product (GDP) is about $1 trillion and the debt ratio to the GDP is 26%. According to World Bank affiliated report based on 2011 data, the Indonesian economy was the world’s 10th largest by nominal GDP (PPP based), with the country contributing 2.3 percent of global economic output.

The industry sector is the economy’s largest, this is followed by services (38.6%) and agriculture (14.4%). However, since 2012, the service sector has employed more people than other sectors, this has been followed by agriculture (38.6%) and industry (22.2%).

The tourism sector contributes to around US$ 9 billion of foreign exchange in 2012, and ranked as the 4th largest among goods and services export sectors. Bali is an island and province of Indonesia, the largest tourist destination in the country and is renowned for its highly developed arts, including traditional and modern dance, sculpture, painting, leather, metalworking, and music. Since the late 20th century, the province has had a rise in tourism. Most recently, Bali was the host of the 2011 ASEAN Summit, 2013 APEC and Miss World 2013.

Other big multinational companies are racing to invest in factories and other operations to cash in on rising consumer demand in Indonesia, Southeast Asia’s biggest economy and most populous nation. With its large population and a young labor force, Indonesia is in the midst of a consumer spending boom that analysts say could continue for years. Last month, the Boston Consulting Group projected that middle-class and affluent consumers in Indonesia would double to 141 million by 2020.

Source: Wikipedia and other sources