Economic overview of Indonesia
Indonesian GDP for 2005 was US $287 billion, with a per capita GDP of US $4,458, ranking Indonesia 110th in the world. The largest accounting for the 2005 GDP was the service sector followed by the industry and then agriculture. The countries largest employer however is agriculture, employing 44.3% of the 95 million-strong workforce, followed by the services sector (36.9%) and industry (18.8%). Other major industries include petroleum and natural gas, mining, textiles and clothing. Palm oil, coffee, tea, spices, rice and rubber are the major agricultural products.
The main export markets of Indonesia are Japan, the United States, and Singapore. The major suppliers of imports to Indonesia are Japan, China and Singapore. Indonesia has also extensive natural resources including crude oil, natural gas, gold, tin and copper and the major imports include machinery and equipment, chemicals, fuels, and foodstuffs.
The country is still working on rebuilding its economy after the devastation of the 2004 Tsunami and from the May 2006 earthquake in Java causing over $3 billion in damage and losses. Also the cost of subsidizing domestic fuel placed increasing strain on the budget of 2005. a three policy package was introduced by economic reformers in 2006 to improve the investment climate, infrastructure, and the financial sector, but translating them into reality has not been easy.
The key to positive future growth remain in the internal reformation of the country with building up the confidence of international and domestic investors, and strong global economic growth. Disastrously in 2006 and early 2008 Indonesia suffered a major earthquake near Yogyakarta, an industrial accident in Sidoarjo, East Java that caused a 'mud volcano', a tsunami in South Java, and major flooding in Jakarta, all of which caused additional damages in the billions of dollars.
GDP (purchasing power parity): $935 billion (2006 est.)
GDP (official exchange rate): $264.4 billion (2006 est.)
GDP - real growth rate: 5.4% (2006 est.)
GDP - per capita (PPP): $3,800 (2006 est.)
GDP - composition by sector: agriculture: 13.1%
services: 41% (2006 est.)
Labor force: 108.2 million (2006 est.)
Investment (gross fixed): 20.3% of GDP (2006 est.)
Public debt: 43.8% of GDP (2006 est.)
Industrial production growth rate: 2.6% (2006 est.)
Exports: $102.3 billion f.o.b. (2006 est.)
Imports: $77.73 billion f.o.b. (2006 est.)
Reserves of foreign exchange and gold: $43.04 billion (2006 est.)
Debt - external: $130.4 billion (2006 est.)
Fiscal year: calendar year (2006 est.)
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