INDONESIA
BUSINESS
LANDSCAPE
OVERVIEW
1
st
world’s largest island country
and the largest country in
South-East Asia
270.2
million.
Indonesia is the 4th populous
country in the world
17,000
islands and its abundant natural and mineral resources
LARGE
MARKET
Huge population allows the foreign investments to conduct business in Indonesia
ECONOMY
Indonesia has made enormous gains in poverty reduction, cutting the poverty rate by more than half since 1999, to 9.78% in 2020
Since 2020, Indonesia’s economic planning follows a 20-year development plan segmented into 5-year medium-term
plans called RPJMN*
Prior to the COVID-19 crisis, Indonesia was able to maintain a consistent economic growth by reaching upper middle income status
Through the global market, Indonesia aims further in strengthening its economy by improving the human resources and national economic growth
CLIMATE
Almost the entire climate of Indonesia is tropical, not to mention largely hot and humid
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The big cities like Jakarta and Medan have
an average minimum temperature of 22.8°C and a high of 30.2°C
In daylight hours length from one season to next, Indonesia experiences relatively
slight changes
The dry season occurs between May and October, leaving November through
April occasionally wet
TIMEZONE
Jakarta
Western Indonesia Time
UTC+07:00
New York
Eastern Day Time
UTC-04:00
London
British Summer Time
UTC+01:00
Seoul
Korea Standard Time
UTC+09:00