Why Indonesia?
- Steady Economic Success: In 2019, Indonesia’s economy maintained a steady growth of 5.0%, and is expected to increase by 5.1% in 2020 (source: www.worldbank.org)
- Market Size: In the Global Competitiveness Report (2019) by the World Economic Forum, Indonesia was listed as having the 7th largest market in the world, as well as being ranked 29th in the world for business dynamism and was lauded for its macroeconomic stability. (source: www.weforum.org)
- Attractive Destination for FDI: Indonesia was ranked as the 16th Top Prospective Host Economy by the United Nations Conference on Trade and Development (UNCTAD) in its World Investment Report 2017-2018 (source: www.unctad.org)
- Steadily Growing Global Trade: by 2021, Indonesia is forecasted to increase their exports by 9.3% and imports by 11.6% (source: www.focus-economics.com)
- Indonesia is a big manufacturing base for multinationals due in part to the availability of low-cost labour
- Population of 271.89 million (2019 estimate), making it the 4th largest after China, India and the United States
