Rank/IMF....Rank/WB....Rank/CIA
115/1,925...108/1,918...119/1,845
Economy - overview
Indonesia, a vast polyglot nation, grew an estimated 6.1% and 6.4% in 2010 and 2011, respectively. The government made economic advances under the first administration of President YUDHOYONO (2004-09), introducing significant reforms in the financial sector, including tax and customs reforms, the use of Treasury bills, and capital market development and supervision. During the global financial crisis, Indonesia outperformed its regional neighbors and joined China and India as the only G20 members posting growth in 2009. The government has promoted fiscally conservative policies, resulting in a debt-to-GDP ratio of less than 25%, a small current account surplus, a fiscal deficit below 2%, and historically low rates of inflation. Fitch and Moody's upgraded Indonesia's credit rating to investment grade in December 2011. Indonesia still struggles with poverty and unemployment, inadequate infrastructure, corruption, a complex regulatory environment, and unequal resource distribution among regions. The government in 2012 faces the ongoing challenge of improving Indonesia's insufficient infrastructure to remove impediments to economic growth, labor unrest over wages, and reducing its fuel subsidy program in the face of rising oil prices.
GDP (purchasing power parity)
$1.121 trillion (2011 est.)
$1.054 trillion (2010 est.)
$993 billion (2009 est.)
note: data are in 2011 US dollars
GDP (official exchange rate)
$834.3 billion (2011 est.)
GDP - real growth rate
6.4% (2011 est.)
6.1% (2010 est.)
4.6% (2009 est.)
GDP - per capita (PPP)
$4,700 (2011 est.)
$4,400 (2010 est.)
$4,300 (2009 est.)
note: data are in 2011 US dollars
GDP - composition by sector
agriculture: 14.7%
industry: 47.2%
services: 38.1% (2011 est.)
Population below poverty line
13.33% (2010)
Labor force
117.4 million (2011 est.)
Labor force - by occupation
agriculture: 38.3%
industry: 12.8%
services: 48.9% (2010 est.)
Unemployment rate
6.6% (2011 est.)
7.9% (2010 est.)
Unemployment, youth ages 15-24
total: 22.2%
male: 21.6%
female: 23% (2009
