Indonesia, which consists of 17,508 islands and approximately 250 million people, is the world’s fourth-most-populous country. It is also the world’s third-largest democracy, the world’s largest archipelagic state and is emerging as a confident middle-income country. It has undergone impressive economic growth since overcoming the Asian financial crisis of the late 1990s. The country’s GDP per capita has steadily risen, from $857 in the year 2000 to $3,847 in 2017. Its FDI status increased by 99 IDR Trillion in the fourth quarter of 2018.
Today, Indonesia is the world’s 10th largest economy in terms of purchasing power parity. This is a great boost for Indonesia’s economic development as private consumption accounts for around 57% of the total economic growth. Indonesia is a member of many international organisations and treaties, one of which is the powerful G-20. Moreover, Indonesia has made enormous gains in poverty reduction, cutting the poverty rate to more than half since 1999, to 9.8% in 2018.
- January 14, 2020
The F&B industry in Indonesia holds an important role in the growthRead more