At Fat Tiger Think Tank, we bridge research with real-world execution, ensuring businesses, governments, and policymakers have the data, analysis, and strategic frameworks they need to thrive in an evolving global economy.

Indonesia, Research Publications Fat Tiger Group Indonesia, Research Publications Fat Tiger Group

Estimating Indonesia’s State-Owned Enterprises’ Value-Added to the Indonesian Economy

State-owned enterprises (SOEs) play a relatively limited yet stable role in Indonesia’s economy, contributing 6–8% to nominal GDP between 2010 and 2022, with assets concentrated among a small number of large firms. In 2022, their contribution reached 6.1%, mainly driven by mining, financial services, and electricity, although their overall impact on growth remained modest.

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