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, mangoes/guavas, chicken (2022).
More about the economy of Indonesia
Labor force 140.931 million (2023 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 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.)
Exchange rates 2019 14,147.671 (2019 est.)
Reserves of foreign exchange and gold
Reserves of foreign exchange and gold 2023 $146.359 billion (2023 est.)
Reserves of foreign exchange and gold 2022 $137.222 billion (2022 est.)
Reserves of foreign exchange and gold 2021 $144.908 billion (2021 est.)
Current account balance
Current account balance 2023 -$1.88 billion (2023 est.)
Current account balance 2022 $13.215 billion (2022 est.)
Current account balance 2021 $3.511 billion (2021 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% 3.1% (2023 est.)
Highest 10% 31.4% (2023 est.)
Average household expenditures
On food 33.7% of household expenditures (2022 est.)
On alcohol and tobacco 7.4% of household expenditures (2022 est.)
Imports
Imports 2023 $264.426 billion (2023 est.)
Imports 2022 $273.031 billion (2022 est.)
Imports 2021 $217.579 billion (2021 est.)
Imports (partners) China 31%, Singapore 10%, Japan 6%, Malaysia 5%, Thailand 5% (2022)
Comodities Imports force refined petroleum, crude petroleum, vehicle parts/accessories, natural gas, plastics (2022)
Exports
Imports 2023 $264.426 billion (2023 est.)
Imports 2022 $273.031 billion (2022 est.)
Imports 2021 $217.579 billion (2021 est.)
Exports (partners) China 21%, US 10%, Japan 8%, India 8%, Malaysia 5% (2022)
Comodities Exports force coal, palm oil, iron alloys, natural gas, steel (2022)
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 $14,100 (2023 est.)
Real GDP per capita 2022 $13,500 (2022 est.)
Real GDP per capita 2021 $12,900 (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 2023 3.42% (2023 est.)
Unemployment rate 2022 3.46% (2022 est.)
Unemployment rate 2021 3.83% (2021 est.)
Youth unemployment rate (ages 15-24)
Total 13.9% (2023 est.)
Male 14.2% (2023 est.)
Female 13.6% (2023 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