Indonesia - Economy
How is the economy of Indonesia? Based on the information we have, Indonesia has a upper middle-income, largest and growing Southeast Asian economy; higher lending rates to moderate inflation; ongoing relocation of capital fueling infrastructure projects; major tourism sector prompting green economy goals. Key agricultural products in this country include: oil palm fruit, rice, sugarcane, maize, coconuts, cassava, bananas, eggs, chicken, mangoes/guavas (2023).
More about the economy of Indonesia
Labor force 143.144 million (2024 est.)
Industrial production growth rate 5.2% (2024 est.)
Industries petroleum and natural gas, textiles, automotive, electrical appliances, apparel, footwear, mining, cement, medical instruments and appliances, handicrafts, chemical fertilizers, plywood, rubber, processed food, jewelry, and tourism
Population below poverty line 9% (2024 est.)
Taxes and other revenues 11.6% (of GDP) (2022 est.)
Fiscal year
Exchange rates
Currency Indonesian rupiah (IDR) per US dollar -
Exchange rates 2024 15,855.448 (2024 est.)
Exchange rates 2023 15,236.885 (2023 est.)
Exchange rates 2022 14,849.854 (2022 est.)
Exchange rates 2021 14,308.144 (2021 est.)
Exchange rates 2020 14,582.203 (2020 est.)
Debt - external
Debt - external 2023 $225.273 billion (2023 est.)
Reserves of foreign exchange and gold
Reserves of foreign exchange and gold 2024 $155.708 billion (2024 est.)
Reserves of foreign exchange and gold 2023 $146.359 billion (2023 est.)
Reserves of foreign exchange and gold 2022 $137.222 billion (2022 est.)
Current account balance
Current account balance 2024 -$8.47 billion (2024 est.)
Current account balance 2023 -$2.042 billion (2023 est.)
Current account balance 2022 $13.215 billion (2022 est.)
Public debt
Public debt 2022 45.34% of GDP (2022 est.)
Budget
Revenues $130.872 billion (2020 est.)
Expenditures $192.97 billion (2020 est.)
Budget surplus (+) or deficit (-)
Remittances
Remittances 2024 1.1% of GDP (2024 est.)
Remittances 2023 1.1% of GDP (2023 est.)
Remittances 2022 1% of GDP (2022 est.)
Household income
Lowest 10% 3.5% (2024 est.)
Highest 10% 28.8% (2024 est.)
Average household expenditures
On food 33.5% of household expenditures (2023 est.)
On alcohol and tobacco 7.3% of household expenditures (2023 est.)
Imports
Imports 2024 $279.419 billion (2024 est.)
Imports 2023 $262.694 billion (2023 est.)
Imports 2022 $273.031 billion (2022 est.)
Imports (partners) China 29%, Singapore 8%, Japan 7%, USA 5%, Malaysia 5% (2023)
Comodities Imports force refined petroleum, crude petroleum, plastics, vehicle parts/accessories, integrated circuits (2023)
Exports
Imports 2024 $279.419 billion (2024 est.)
Imports 2023 $262.694 billion (2023 est.)
Imports 2022 $273.031 billion (2022 est.)
Exports (partners) China 24%, USA 9%, India 8%, Japan 8%, Singapore 5% (2023)
Comodities Exports force coal, palm oil, iron alloys, lignite, garments (2023)
Real GDP (purchasing power parity)
Real GDP (purchasing power parity) 2024 $4.102 trillion (2024 est.)
Real GDP (purchasing power parity) 2023 $3.906 trillion (2023 est.)
Real GDP (purchasing power parity) 2022 $3.718 trillion (2022 est.)
GDP (official exchange rate) $1.396 trillion (2024 est.)
Real GDP Per capita
Real GDP per capita 2024 $14,500 (2024 est.)
Real GDP per capita 2023 $13,900 (2023 est.)
Real GDP per capita 2022 $13,300 (2022 est.)
GDP - composition, by sector of origin
Agriculture 12.6% (2024 est.)
Industry 39.3% (2024 est.)
Services 43.8% (2024 est.)
GDP - composition, by end use
Household consumption 55.4% (2024 est.)
Government consumption 7.7% (2024 est.)
Investment in fixed capital 29.1% (2024 est.)
Investment in inventories 2.3% (2024 est.)
Exports of goods and services 22.2% (2024 est.)
Imports of goods and services -20.4% (2024 est.)
Unemployment rate
Unemployment rate 2024 3.3% (2024 est.)
Unemployment rate 2023 3.4% (2023 est.)
Unemployment rate 2022 3.5% (2022 est.)
Youth unemployment rate (ages 15-24)
Total 13.1% (2024 est.)
Male 13.2% (2024 est.)
Female 13% (2024 est.)
All Important Facts about Indonesia

Want to know more about Indonesia? Check all different factbooks for Indonesia below.

Indonesia is found in South-Eastern Asia