2024-05-02 12:40:00 ET
Summary
- Indonesia’s economy expanded by 5.05% in 2023, despite a broader global economic slowdown, rising geopolitical tension and inflation risk.
- Growth came in at 5.04% in 4Q 2023, an acceleration from Q3 and higher than the same period in 2022.
- Household consumption continues to be the main driver for the country’s economy, comprising 53% of its total GDP for 2023.
By Miko Huang
The fifth-largest emerging market ((EM)), the largest economy in the Southeast Asia, the fourth-largest population in the world, the largest producer of nickel, the global EV hub… all are synonyms for Indonesia....
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For further details see:
Indonesia: A Hidden Gem?