Indonesia

WHAT'S NEXT?: Indonesia's GDP is forecast to grow at 5% a year over 2016-2020, supported by strong growth in consumer demand and infrastructure investment. She is likely to be among the star economic performers for at least the next decade but at the same time faces great challenges to overcome past political and social issues.

[New] Indonesia's economic growth is expected to rebound in 2021 after it fell in 2020 into its first recession since the 1998 Asian financial crisis, but the coronavirus pandemic will continue to dampen economic activities.
[New] Indonesia could create 7.1 million jobs by 2030 by meeting its targets of achieving 23% of renewable energy in the power mix by 2025 and 31% by 2050.
[New] The appointment of Strategic Board Members in Indonesia and the Philippines is a significant step in expanding the IFG's footprint in Asia; a region that is expected to deliver high levels of economic growth in the coming decade.
[New] The LDN token is scheduled to be listed on major exchanges starting in Q1 2020 and after successful testing in the Korean market, plans to be expanded to a global audience, starting in the home countries of strategic partnership members such as: India and Indonesia.
Indonesia's government last year launched a plan to cut ocean plastic waste by 70% by 2025, and to end plastic pollution altogether by 2040.
After a 1.7% decline in 2020, the real gross domestic product for emerging and developing Asia - including China, India, Malaysia, Thailand, Singapore, Indonesia and the Philippines - will reach 8% in 2021.
Continued investment momentum in refinery capacity in China and Indonesia is expected to drive refined production, growing 4% a year to 2.6 million tonnes in 2022.
A number of green projects and financing have begun in order to meet Indonesia's commitment to reduce greenhouse gas emissions by 29% by ourselves, or by up to 41% with international assistance by 2030.
Indonesia will become one of the top 8 economies in the world, reaching 8th position in 2035.
Southeast Asia's six leading economies are expected to face diverging fiscal paths in 2021, with Vietnam, Indonesia and Malaysia gaining from pre-pandemic levels while Singapore, the Philippines and Thailand struggle to return to health.
In Indonesia, which consumed 1,001 MT of coal in the past decade, demand is expected to rise after Jakarta ruled that coal producers investing in downstream operations will receive a waiver on royalties.
Both Ganling Malaysia and Rabobank foresee that good weather conditions in Indonesia and Malaysia will raise global palm oil supply by 3.1 million tonnes in 2021.
The current development of the digital economy is US$ 40 billion, whose potential in 2025 is US$ 133 billion in Indonesia and US$ 150 billion in ASEAN.
In 2018, Indonesia was a net importer of more than 550,000 barrels of crude oil and products per day, equivalent to about $20 billion a year, and within the next five years Indonesia could become a net importer of natural gas as well.
The Asian economies of India, China, Singapore and Indonesia are expected to rebound from the devastating effects of the COVID-19 pandemic, entering a Goldilocks phase in 2021.
Government of Indonesia has set itself a vision of providing bank account access to 90% of the adult population by 2024.
The Asian Development Bank (ADB) has downgraded its projections for Indonesia's economy in 2020 and in 2021 due to a continued slowdown in economic activity as a result of the continuing coronavirus outbreak.
In April, Indonesia launched its multi-stakeholder action plan to reduce marine plastic leakage by 70% by 2025.
Indonesia could make the supply chain of batteries environmentally friendly in seven to eight years by powering smelters with renewable energy sources, so they could sell green batteries for cars in the European market by 2030.
The US$ 300 million financing package will help Indorama reach its goal of recycling 50 billion PET bottles globally a year by 2025 including in Thailand, Indonesia, Philippines, India, and Brazil.
By 2030, Indonesia is expected to have annual sales of 1.2 million electric two-wheelers and 3.7 million two - and three-wheeled electric vehicles on the road, compared with 1.5 million four-wheeled electric vehicles.
Oil imports could be cut by $100 million a year for every one million electric cars on Indonesia's roads.
President Joko Jokowi Widodo has set the electric vehicle industry as the government focus for the next several years, intending to make 20% of cars in Indonesia electric by 2025.

Last updated: 18 January 2021

Indonesia

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