Doing Business in Indonesia Guides. ASEAN and AEC. Learn from the Indonesia Small Business Ideas and Opportunities – a short guide for entrepreneurs. And get information about Indonesia Franchise & Business Opportunities and other small business and SME entrepreneurship news. Indonesia is one of the emerging powerhouses of the world economy. Indonesia is the 4th most populous country in the world with a middle class equivalent to the entire population of Spain. Despite the challenging economic environment, Indonesia is third-fastest growing economy in Asia. It has a population of over 251 million and a growing, and affluent, middle class, which is estimated to be at least 35 million people.
Doing Business in Indonesia Guide
Indonesia is Southeast Asia’s largest economy with a GDP of $888 billion (based on purchasing power parity , ranking 10th in the world and averaging over 5% growth over the last decade. In the last 18 months, growth has slowed to below 5% and is projected by the World Bank to be 4.7% for 2015. President Joko Widodo (known as “Jokowi”) took office in October 2014 and has pledged to improve infrastructure and reduce barriers to doing business in Indonesia as a means to increase the country’s GDP growth rate to 7% by 2017. Over the past decade Indonesia has enjoyed steady economic growth, though less than needed to pull the country into upper middle-income status, and the rate of growth is slowing. Learn more from Indonesia Business Guide provided by ExportGov from the US Government.