Indonesia is the world’s fourth most populous nation, the world’s 10th largest economy in terms of purchasing power parity. Furthermore, Indonesia has charted impressive economic growth since overcoming the Asian financial crisis of the late 1990s, cutting the poverty rate by more than half since 1999, to just under 10 per cent in 2020.
Consumer-related market opportunities continue to lead growth in the world’s fourth-most populated country.
Also, expansion in the retail, health, education, telecom and financial services sectors have boomed in the last few years.
Currently, 55% of the global consumer class live in Asia, nearly 76 million Indonesians alone will join the consumer class by 2030. This will make Indonesia the fourth biggest consumer market in the world, behind China, India and the U.S
Indonesia is a member of the G-20. The economy of Indonesia is the largest in Southeast Asia and is one of the emerging market economies of the world. The largest and most diverse archipelago in the world of more than 300 ethnic groups.
The Indonesian economy possesses sound fundamentals of social stability, strong domestic demand for goods and services, steadily increasing foreign reserves (just under $136 billion in May 2021), and stable prices with moderate-to-low inflation. Indonesia is located on one of the world’s major trade routes and has extensive natural resource wealth distributed over an area the size 3 times bigger than Peru, and is comprised of over 17,500 islands. The country is a major exporter of crude petroleum and natural gas. In addition, Indonesia is one of the world's main suppliers of rubber, coffee, cocoa, and palm oil; it also produces a wide range of other commodities, such as sugar, tea, tobacco, copra, and spices (e.g., cloves).