Indonesia Market Guides
Indonesia as Southeast Asia’s Largest Economy
Home to a young population, Indonesia sees 57% of its citizens living in urban areas—set to rise to 71% (209 million) by 2030.
Close Indonesia–Singapore Economic Ties
Singapore ranks among Indonesia’s top investors and trade partners, backed by strong bilateral cooperation that supports business expansion.
Improved Investment Climate
Indonesia’s 2020 Omnibus Law and the Online Single Submission system have reduced investment barriers and simplifiedbusiness licensing.
Key Economic Highlights:
Population (2023): 281.2 million – a young, dynamic workforce
GDP (2023): US$1.37 trillion – a robust regional economy
GDP Per Capita (2023): US$4,876.3 – growing consumer purchasing power
GDP Growth (2023): 5.0% – steady economic momentum
Total Bilateral Trade in Goods with Singapore (2024): S$74.16 billion – strong cross-border collaboration
Global Competitiveness Index (2024): 27th – improving business environment