Save Indonesia Real GDP
Indonesia is the largest economy in SE Asia and a lower-middle income country with GDP per capita being nearly 3,800 US$. Private consumption and foreign trade are the main contributors to its GDP. Government debt is relatively low among 6 ASEAN countries, accounting for 30% of GDP. Total population are nearly 264 million people, the biggest among 6 ASEAN countries. Median age is 30 years old. With a huge amount of working-age population and low wage, the country takes advantage of its demographic dividend.
GDP shares are as follow:
Industry: 38%, roughly 65% of which are manufacture, with another 30% being construction and 20% being mining. 30% of manufacture are food-processing.
Services: 50%, roughly 30% of which are retails, wholesales and vehicle maintenance, and 12% are information and communication.
Indonesia's trade to GDP ratio is 35%. Consumption accounts for the most of GDP due to its huge population. The country has often been in a trade deficit, so its foreign reserves are lower than other ASEAN countries. Its main exports are chemical and fuel and consumer goods. Major trade partners include China, ASEAN and Japan.
FDI from Singapore (25%), China & Hong Kong (25%) and Japan (15%) mostly flow into industry (30%) and services (60%).
Real GDP (YoY, R)2022 Q15.01%
Real GDP (L)2021 Q42,845,858.60b