August 2024
Jakarta International EXPO

Why Indonesia?

In the past year, Indonesia’s GDP has reflected stable economic growth, underscoring its crucial role in the global economy.

Indonesia has the largest economy in ASEAN, and its economy has developed significantly for ten years in a row

The overall GDP in 2022 was 1.04 trillion US dollars. Many of Indonesia’s commodity exports are experiencing high pricing.

A substantial middle-class group of approximately 88 million individuals is predicted to grow to 140 million by 2030.

Rapid GDP expansion. 5.3% real GDP growth in 2021-2022.

E7 (one of the world’s key developing markets) is anticipated to become the world’s sixth largest economy by 2030.

Indonesia’s Fourth Most Populous Country

There are 275 million people in the country.

The population was younger, with a median age of 29.3 years.

The number of children under 14 is 70 million.

Newborn infant about 25.4 million people a year.

Indonesia’s per capita income and consumption expenditure are growing

Indonesia’s per capita income and consumption expenditures are growing.

As of 2023, Indonesia has experienced significant economic developments in terms of per capita income and consumer spending:

  1. Per Capita Income: Indonesia’s GDP per capita in 2023 stands at $4,788. This figure is indicative of the average economic output per person and reflects the country’s economic status in the global context.
  2. Consumer Spending Growth: Consumer spending in Indonesia has been on an upward trajectory. In 2022, there was a strong growth of 4.8%, which slightly moderated to 4.7% in 2023. This growth in consumer spending is attributed to increased consumer confidence and overall economic improvements. Specifically, real household spending in Indonesia was projected to increase by 7.6% throughout 2022, reaching a total value of 9.9 trillion IDR (approximately 692 billion USD). In the second quarter of 2023, consumer spending in Indonesia rose to 1,631,019.80 IDR billion, up from 1,582,219.30 IDR billion in the first quarter of the same year.

 

These figures reflect Indonesia’s growing economy and the increasing purchasing power of its population. The rise in per capita income alongside growing consumer expenditure suggests an overall improvement in the standard of living and economic well-being of the Indonesian population.