Indonesia PESTLE Insights - A Macroeconomic Outlook Report

Indonesia PESTLE Insights - A Macroeconomic Outlook Report


Mining, manufacturing, and utilities activities contributed 33.1% to Indonesia’s gross value added (GVA) in 2022, followed by wholesale, retail, and hotel activities (16.0%), and agricultural activities (13.0%). In nominal terms, the three sectors are forecast to grow by 7.5%, 7.4%, and 7.4%, respectively, in 2023.

Five major provinces in Indonesia generated around 55.4% of the country’s GDP and housed 55.6% of the country’s population in 2022.

The JCI index has been exhibiting a volatile trend. As of October 4, 2023, the index stood at 6,960.7, compared to 7,072.3 on October 4, 2022.

  • As part of the 2023 State Budget, the government increased its allocation to infrastructure development by 7.8%, from IDR363.8 trillion ($23.8 billion) in 2022 to IDR392 trillion ($25.8 billion) in 2023.
Reasons to Buy
  • Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.
  • PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations
  • Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.
  • This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.

Did You Know?
Country Highlights
Key Economic Updates
Country Snapshot
Political Landscape
Economic Landscape
Social Landscape
Technological Landscape
Legal Landscape
Environmental Landscape
List of Tables
Exhibit 1: Indonesia’s performance in terms of its country risk analysis in comparison to Asia-Pacific and the World average
Exhibit 2: Performance overview (Score: 0-100)
Exhibit 3: Broad categories and weights behind the index
Exhibit 4: JCI Index, (October 2022 - October 2023)
Exhibit 5: Key sectors contribution to the economy (2017-24f)
Exhibit 6: FDI inflows by sector (2021-22) and FDI by region (2022)
Exhibit 7: Greenfield FDI projects and net cross border M&As sales (2018-22)
Exhibit 8: Key infrastructure indicators
Exhibit 9: Real GDP and household consumption growth rate (2018-25f)
Exhibit 10: Real GDP growth rate comparison (2022)
Exhibit 11: Volume of exports and imports growth (2018-25f)
Exhibit 12: Current account balance (2018-25f)
Exhibit 13: Top three commodity exports, % of total exports (2018-22)
Exhibit 14: Mineral fuels, mineral oils and products of their distillation, % of world total (2022)
Exhibit 15: Interest rates (October 2018 - October 2023)
Exhibit 16: Exchange rate and inflation (2018-25f)
Exhibit 17: Public finance (2018-25f)
Exhibit 18: General government debt (2018-25f)
Exhibit 19: Unemployment rate (2018-25f)
Exhibit 20: Average annual wages (2018-25f)
Exhibit 21: Labor cost index (2018-25f)
Exhibit 22: Rural/urban share of total population (1995, 2005, 2015, 2025f)
Exhibit 23: Age-group share of total population (1995, 2005, 2015, 2025f)
Exhibit 24: Gender split (1995, 2005, 2015, 2025f)
Exhibit 25: Internet users as a percentage of total population, mobile penetration rate and broadband penetration rate (2022)
Exhibit 26: Number of patents granted per million population (2022)
Exhibit 27: High-technology exports, % of manufactured exports (2021)
Exhibit 28: Rule of law (rankings), 2023
Exhibit 29: Corruption perceptions index (rankings) (2022)
Exhibit 30: Renewable energy capacity (2017-21)
Exhibit 31: CO2 emissions (2018-22)

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings