INDONESIA
BUSINESS
LANDSCAPE
OVERVIEW
1
st
largest country in Southeast Asia
270,2
Indonesia is the 4th most
populous country in the world
million.
17,000
islands and its abundant natural resources.
Huge population is a
LARGE MARKET
which allows 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
As World Bank recited, Indonesia’s economic planning follows a 20-year development plan, spanning from 2005 to 2025 and segmented into 5-year medium-term plans, called the RPJMN (Rencana Pembangunan Jangka Menengah Nasional) each with different development priorities
Prior to the COVID-19 crisis, Indonesia
was able to maintain a consistent
economic growth
The goal is to aim further in strengthening Indonesia’s economy by improving the human resources and national economic growth through the global market
CLIMATE
Almost the entire climate of Indonesia is tropical.
Temperatures on land remain fairly constant, with the coastal plains averaging 28 °C, the inland and mountain areas averaging 26 °C, and the higher mountain regions, 23 °C
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In daylight hours length from one season to the next, Indonesia experiences relatively slight changes
Indonesia has two seasons of rainy and dry, though there is significant regional variation, rain is November to March and dry is April to October, both of which are relative
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