Indonesia's 270+ million population and growing middle class fuel a strong consumer market, driving demand for diverse goods and services. This presents abundant opportunities for businesses in sectors like retail, technology, healthcare, and education.
Indonesia's digital economy thrives in Southeast Asia, particularly in e-commerce, ride-hailing, and fintech. Growing internet and smartphone usage offer businesses in the digital sector a prime opportunity to capitalize on this expanding market.
Indonesia's prime location in the Asia-Pacific region grants it a pivotal role in global trade. The nation's vast reserves of coal, minerals, palm oil, and natural gas create a favorable environment for industries such as mining, agriculture, and energy.
Indonesia's infrastructure development centers around connectivity, crucial for economic growth in a nation of 17,000 islands. The focus on connectivity demonstrates a strong commitment to fostering tourism and overall economic expansion across the archipelago.
Indonesia's government implements 13 economic policy packages, streamlining business establishment, permits, and reducing administrative costs. Measures supporting small and medium-sized businesses, along with fiscal incentives, aim to attract investments and foster economic growth.
Jokowi's economic reform includes allowing increased foreign ownership, creating more investment opportunities. Revised regulations enable foreign investors to purchase and develop property in Indonesia without a local nominee, promoting foreign investment and economic growth.
For that indicator, The World Bank provides data for Indonesia from 1996 to 2019. The average value for Indonesia during that period was -1.05 points with a minimum of -2.09 points in 2003 and a maximum of -0.37 points in 2016.
Indonesia is ranked 73 among 190 economies in the ‘Ease of Doing Business’, according to the latest World Bank annual ratings. The rank of Indonesia remained unchanged at 73 in 2020 from 73 in 2019. The Ease of Doing Business index ranks countries against each other based on how the regulatory environment is conducive to business operations.
According to the Legatum Prosperity Index 2019, Indonesia performs best on Social Capital and Economic Quality and scores lowest on Living Conditions.The biggest positive change, compared to last year, came in Social Capital.