Population: 248 million (estimated, 2013)
Currency: Indonesian Rupiah
Nominal GDP: $868,3 billion (2013)
GDP per capita: $5,158 at PPP (2013)
GDP Growth: +5.2% (2013)
External Debt: 32% of GDP (2013)
Corruption Index: 118/176 (TI, 2012)
With its 248 Mio inhabitants spreading over more than 17.500 islands, Indonesia is one of the rising stars in South-East Asian economies. The positive trend has recently also been noted during the presentation of the “Global Competitiveness Report 2014/15“, where Indonesia gained another 7 spots to be listed on rank 34. The current GDP growth, depending on the calculation methodology, varies between 5-6%. After facing difficult times in the mid 1990’s, Indonesias economy has recovered nicely, also due to its strong domestic consumption.
A lot has been achived in the past 15 years, infrastructure (still being a weak point) has been built up constantly and some major investments are about to take place in the near future. ASEAN will kick off in early 2015, which will give a further boost to the Indonesian economy. Funny enough, foreign investment regulations still are rigid and sometimes scare of investors. A more liberale investment law (Law Nr.25/2007, Law on Capital Investment) has been introduced in 2013, however, there are still sectors which have to face burdens.
According to the most recent figures by the Austrian Economic Chamber, the Austrian Exports amount up to EUR 281,5 Mio (2013) and imports up to EUR 194 Mio (2013). For the EU-28 countries, exports add up to EUR 26,8 Bil (2013) and import to EUR 13,7 Bil (2013). For european companies, Indonesia remains a very attractive market, especially due to its large domestic consumption but also due to its need for high-end products (machinery, electronics, transportation).
Via a dense network of partner companies, Gutmann Consulting offers a broad band of consulting and management services in Indonesia. We know what it takes to expand successfully into the Indonesian market.