Indonesian Political, Business & Finance News

Archive: 18 July 2024

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Indonesia: A Rising Economic Powerhouse

Indonesia's economy has expanded tenfold over two decades and is projected to reach approximately $1.5 trillion GDP by end-2024, positioning it as Asia's third-largest economy by purchasing power parity. The country's strategic shift from exporting raw natural resources to domestic processing—most notably with nickel, increasing export values 30-fold—has spurred substantial job creation and economic stability. With a digital economy projected to exceed $130 billion by 2025, Indonesia is establis