Economy of Indonesia

The economy of Indonesia is a mixed economy with dirigiste characteristics, and it is one of the emerging market economies in the world and the largest in Southeast Asia. As an upper-middle income country and member of the G20, Indonesia is classified as a newly industrialized country. Quotes about We want to make sure that many products consumed domestically can be produced within the country. We hope the economy can be supported not only by consumption but also by production activities. Trade Minister Gita Wirjawan on "New Trade Law Expected to Boost Domestic Production in Indonesia", January 28, 2014 (January 29, 2014 in Indonesia time). thumbnail|right|Indonesia has a much younger, productive, and growing population Indonesia’s ranking has improved remarkably as cited in the report. However, we recognize the need to continue improving our competitiveness and the government has prioritized overcoming these challenges, especially infrastructure bottlenecks. We also recognize the need to improve human resources by continuously improving health, education and workers’ training. Mari Elka Pangestu, Minister of Trade of Indonesia, quoted in www.weforum.org, "Indonesia Shows Strongest Progress among G20 in New Competitiveness Report", June 8, 2011. Indonesia is one of the least exposed economies in the region, with a vast domestic market and a relatively small share of exports to gross domestic product, so it is insulated from volatility in the global economy, George Worthington of IFR, quoted on BBC News, "Indonesia's economy grows at fastest pace in 15 years", February 6, 2012. As per today's data, Indonesia remains one of the fastest growing, and perhaps more importantly, one of the most stable economies in Asia, Taimur Baig, an economist with Deutsche Bank, quoted on BBC News, "Indonesia's economy: Domestic demand boosts expansion", August 6, 2012. Indonesia has a much younger, productive, and growing population. That is a different demographic outlook to the situation in many Western European economies, where the labor force will be either static or decline in size in the future. Raoul Oberman, Chairman of McKinsey & Company, Indonesia, quoted in CNBC, "Indonesia's Economy to Surpass Germany, UK by 2030: McKinsey", September 2012. Brothers and sisters! We are still holding flag ceremonies, we are still singing patriotic songs, we are still using national symbols and the pictures of our founding fathers are still here. But in other countries, they have conducted studies that say that the Republic of Indonesia will no longer exist by 2030! Prabowo Subianto, Indonesia could go 'extinct' if I lose election: Prabowo The Jakarta Post (December 18, 2018) We must not lose. If we lose, this country could go extinct. Because the Indonesian elites are always disappointing, always failing to carry out the mandate given by the Indonesian people. If the same system is continued, Indonesia will become weak. Indonesia will become even poorer, even more helpless and could even go extinct. Indonesia could go 'extinct' if I lose election: Prabowo The Jakarta Post (December 18, 2018) Despite today’s upside surprise, we maintain our view that Indonesia’s growth will slow further in the coming quarters, as the impact of Bank Indonesia’s policy tightening weighs on credit growth and, in turn, GDP growth. Prakriti Sofat, an economist at Barclays in Singapore, quoted in Bloomberg, "Indonesia’s Growth Beats Estimates as Rebound Seen Faltering", February 5, 2014. In 2014, Indonesian biodiesel producers may export 2.2 million kilolitres of biodiesel, up from 1.833 million kilolitres last year. Domestic biodiesel sales may jump to 3 million kilolitres this year, up from 1.006 million kilolitres last year. Paulus Tjakrawan, chairman of the Indonesian Biofuel Producers Association (APROBI), quoted on Reuters.com, "Indonesia's 2014 biodiesel consumption forecast to jump -industry", March 17, 2014. External links Category:Indonesia Indonesia