With a population of 240m, Indonesia is the world’s fourth-most populous nation and the 17th largest economy in the world last year. GDP growth, at over 6%, has been the fastest rate of growth in the Asean region in 2012. An expanding middle class driving domestic consumption together with a rise in the level investment has offset a drop in exports.
The Master Plan for the Acceleration and Expansion of Indonesia’s Economic Development (MP3EI), is designed to sustain economic growth carry the country through to 2025 and aims to make Indonesia one of the world’s 10 biggest economies by 2025, taking GDP to $4.5 trillion and increasing the per capita income from $3000 now to $15,000.
The strategic initiative of the Masterplan is to encourage large-scale investment in 22 primary activities: shipping, textiles, food and beverages, steel, defence equipment, palm oil, rubber, cocoa, animal husbandry, timber, oil and gas, coal, nickel, copper, bauxite, fisheries, tourism, food and agriculture, the Jabodetabek area, the Sunda Straits strategic area, transportation equipment, and information and communication technology. (Standard & Poor’s Credit Rating BB+)