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% (2023 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 | 9.4% (2023 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 | $149.118 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 | -$8.856 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 2023 | 1.06% of GDP (2023 est.) |
| Remittances 2022 | 0.99% of GDP (2022 est.) |
| Remittances 2021 | 0.79% of GDP (2021 est.) |
| Household income | |
| Lowest 10% | 3.3% (2023 est.) |
| Highest 10% | 29.9% (2023 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 | $279.552 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 | $279.552 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) 2023 | $3.906 trillion (2023 est.) |
| Real GDP (purchasing power parity) 2022 | $3.718 trillion (2022 est.) |
| Real GDP (purchasing power parity) 2021 | $3.531 trillion (2021 est.) |
| GDP (official exchange rate) | $1.371 trillion (2023 est.) |
| Real GDP Per capita | |
| Real GDP per capita 2023 | $13,900 (2023 est.) |
| Real GDP per capita 2022 | $13,300 (2022 est.) |
| Real GDP per capita 2021 | $12,800 (2021 est.) |
| GDP - composition, by sector of origin | |
| Agriculture | 12.5% (2023 est.) |
| Industry | 40.2% (2023 est.) |
| Services | 42.9% (2023 est.) |
| GDP - composition, by end use | |
| Household consumption | 54.4% (2023 est.) |
| Government consumption | 7.4% (2023 est.) |
| Investment in fixed capital | 29.3% (2023 est.) |
| Investment in inventories | 1.2% (2023 est.) |
| Exports of goods and services | 21.7% (2023 est.) |
| Imports of goods and services | -19.6% (2023 est.) |
| Unemployment rate | |
| Unemployment rate 2024 | 3.3% (2024 est.) |
| Unemployment rate 2023 | 3.3% (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.
