Indonesian Investment and Trading Opportunity By Province, Regency, city Vol 10
This report provides an overview of provincial commercial opportunities in Indonesia for U.S. firms. As the first in what we plan to be a series of analyses of commercial potential outside the Jakarta area, we focus on three provinces: South Sumatra, East Kalimantan, and East Java. To assist U.S. firms in realizing potential new opportunities, the U.S. Embassy will lead trade missions to the three target provinces in late 2012. Indonesia Economic and Business Opportunity Overview “Indonesia is the next great economic story;” was the remark of a visiting senior executive from a global investment bank, “China and India have had their turns. Now we are turning our resources towards Indonesia.” This enthusiasm is understandable. Indonesia’s economy grew at a 6.5% rate in 2011 and has grown at better than 4.5% year for the past decade. Its 241 million people make Indonesia the world’s 4th most populous country and the 3rd l argest democracy. With a per capita income of about $3,500, there is a fast
-growing middle class of more than 120 million people hungry for consumer goods and a conservative, stable banking and finance system that is supplying credit to these consumers. Bank loans and deposits are growing at double digit rates but, as a result of the lessons learned in the 1998 Asian financial crisis, businesses and individuals have been extremely conservative in their borrowing. This applies to the Government of Indonesia as well which enjoys a debt/GDP ratio of about 25% and a budget deficit of less than 3%.
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