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Economy of Indonesia

Indonesia is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. As a developing nation, Indonesia may not be able to offer consistent social services to its citizens. These social services may include things like public education, reliable healthcare, and law enforcement. Citizens of developing nations may have lower life expectancies than citizens of developed nations. Each year, Indonesia exports around $178.9 billion and imports roughly $178.6 billion. 4.4% of population in the country are unemployed. The total number of unemployed people in Indonesia is 11,738,979. In Indonesia, 11% of the population lives below the poverty line. The percentage of citizens living below the poverty line in Indonesia is low, indicating that it has a stable economy. Investors should consider Indonesia to be a safe location for investments and other financial ventures. Government expenditure on education is 2.8% of GDP. The Gini Index of the country is 36.8. Indonesia is experiencing good equality. The majority of citizens in Indonesia fall within a narrow range of income, although some cases may show significant differences. Indonesia has a Human Development Index (HDI) of 0.684. Indonesia has an upper medium HDI score. This indicates that the majority of citizens will be able to attain a desirable life, though some citizens will not be able to achieve high living standards. The Global Peace Index (GPI) for Indonesia is 1.768. Due to strong law enforcement presence and high social responsibility, Indonesia is very safe by international standards. The strength of legal rights index for Indonesia is 5. Overall, it is considered to be rather inadequate - bancrupcy and collateral laws are able to protect the rights of borrowers and lenders to some degree; credit information may be sufficient, but hardly available, or, the oppoiste case, available but not sufficient.

Currency

The currency of Indonesia is Indonesian rupiah. The plural form of the word Indonesian rupiah is rupiahs. The symbol used for this currency is Rp, and it is abbreviated as IDR. The Indonesian rupiah is divided into Sen; there are 100 in one rupiah.

Credit rating

The depth of credit information index for Indonesia is 6, which means that information is mostly sufficient and quite detailed; accessibility is not a problem. According to the S&P credit-rating agency, Indonesia has a credit rating score of BB+, and the prospects of this rating are positive. According to the Fitch credit-rating agency, Indonesia has a credit rating score of BBB-, and the prospects of this rating are stable. According to the Moody's credit-rating agency, Indonesia has a credit rating score of Baa3, and the prospects of this rating are stable.

Central bank

In Indonesia, the institution that manages the state's currency, money supply, and interest rates is called Bank of Indonesia. Locally, the central bank of Indonesia is called Bank Indonesia. The average deposit interest rate offered by local banks in Indonesia is 8.8%.

Public debt

Indonesia has a government debt of 131% of the country's Gross Domestic Product (GDP), as assessed in 2014.

Tax information

The corporate tax in Indonesia is set at 25%. Personal income tax ranges from 5% to 30%, depending on your specific situation and income level. VAT in Indonesia is 10%.

Finances

The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Indonesia is $2685893 billion. The Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) per capita in Indonesia was last recorded at $10 million. PPP in Indonesia is considered to be below average when compared to other countries. Below average PPP indicates that citizens in this country find it difficult to purchase local goods. Local goods can include food, shelter, clothing, health care, personal care, essential furnishings, transportation and communication, laundry, and various types of insurance. Countries with below average PPP are dangerous locations for investments. The total Gross Domestic Product (GDP) in Indonesia is 868,346 billion. Based on this statistic, Indonesia is considered to have a large economy. Countries with large economies support a wide variety of industries and businesses, providing ample opportunities for investment. Large economies support a substantial financial sector, making it easy to organize investments and financial transactions. It should be very easy to find good opportunities for investment in Indonesia. The Gross Domestic Product (GDP) per capita in Indonesia was last recorded at $3 million. The average citizen in Indonesia has very low wealth. Countries with very low wealth per capita often have lower life expectancies and dramatically lower quality of living among citizens. It can be very difficult to find highly skilled workers in countries with very low wealth, as it is difficult for citizens to obtain the requisite education needed for specialized industries. However, labor can be found for very low rates when compared with countries with higher wealth per capita. GDP Annual Growth Rate in Indonesia averaged 5.2% in 2014. According to this percentage, Indonesia is currently experiencing significant growth. Countries that are experiencing significant growth offer the best chance for a substantial return on investment, as GDP growth rate is the most important indicator of economic health. As GDP grows, business, jobs, and personal income grow as well. To read more about financial information click on finances of Indonesia.

Industry

Major industries in the country are 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. The total labor force of Indonesia is 127,110,980 people, wherein 4.4% of population in the country are unemployed. The total number of unemployed people in Indonesia is 11,738,979. The Industrial Production growth rate of Indonesia is 4%.To read more about industrial information within Indonesia click on industry of Indonesia.

Agriculture

There are 201456 km2 of arable land in Indonesia, and it comprises 11% of the country's total territory. There are 330037 km2 of cultivated land in Indonesia. The country's major agricultural crops and products are rice, cassava, peanuts, rubber, cocoa, coffee, palm oil, copra, poultry, beef, pork, eggs.To read more about agriculture click on agriculture of Indonesia.