Economy of Indonesia

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Indonesia has a mixed economy with dirigiste characteristics. 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 industrialised country. Indonesia has the 17th largest economy in the world by nominal GDP and the 7th largest in terms of GDP (PPP). Indonesia's internet economy reached US$77 billion in 2022. Indonesia depends on the domestic market and government budget spending and its ownership of state-owned enterprises. Indonesian state-owned companies have assets valued at more than 1 trillion USD as of 2024. Government price controls are applied to a range of basic goods (including rice and electricity) and play a significant role in Indonesia's market economy. However, a mix of micro, medium and small companies contribute around 61.7% of the economy and significant major private-owned companies and foreign companies are also present. In the aftermath of...

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