Indonesia offers many exciting opportunities for businesses, but understanding how to best navigate the waters can sometimes be a daunting prospect for international companies looking to expand into it. Let’s take a brief look at the economy and society.
Indonesia in brief
- Population: 275 million
- Median age: 31 years (in Finland 43)
- Urbanization: 57% (Finland 86%)
- Archipelago: Some 13 500 islands, of which more than 900 are permanently inhabited. (the World Factbook/Geography).
- Real GDP (purchasing power parity): 3000 trillion $.
- GDP (official exchange rate) 1100 trillion $ (the World Factbook/Economy).
- Real GDP per capita: 11 400 $ (Finland 47 300$)
- Real growth rate: 5%
- Inflation: 2,8%
- Status: A lower-middle-income country
Solutions for developmental and environmental challenges
Indonesia faces tremendous challenges as an emerging country, but it’s determined to overcome them. Finnish companies can make a difference with service and technology innovations that solve some of the challenges.
Looking for Indonesia-fit solutions from Finland
Finland’s export to Indonesia
Export to Indonesia was some 150 million euros in 2020. The most significant export products were:
- Machinery and mechanical equipment
- Electrical and electronic machinery and equipment
- Wood, pulp, and paper
- Iron and steel
Indonesia’s export to Finland
Import from Indonesia was some 150 million euros in 2020. The most significant import products were:
- Machinery and mechanical equipment
- Electrical and electronic machinery and equipment
- Vegetable fats
- Chemical and rubber products
- Clothes and footwear