Indonesia: A Country Too Big to Ignore
Indonesia is the 4th largest country in the world with no less than 260 million citizens populating 17,491 islands in 2020. The vast archipelago of Indonesia represents more than 40% of both the GDP and population of ASEAN. The consuming middle class is estimated to number around 80 million in five years, 60% of whom will be under 32 years old. Indonesian demographics mean that there are opportunities across all sectors. There are also many opportunities for investors and venture capitalists therefore making Indonesia a country too big to ignore.
The United Kingdom is one of the top 10 biggest investors in Indonesia, after Singapore, Japan, United States, South Korea, Netherlands and British Virgin Islands. These investors invest across sectors, from automotive, banking & finance, consulting, fast-moving consumer goods, healthcare, insurance, manufacturing, oil & gas and retail. Based on our Business Confidence Index survey in 2019, 60% respondents have a very positive outlook towards the business environment in Indonesia, and almost 60% have expanded, or if not already, will expand their businesses.
In 2019, our Executive Director, Chris Wren, had an exclusive interview session with the Vice Chairman of Indonesian Chamber of Commerce (KADIN), Anindya Bakrie, who is also the CEO of Bakrie & Brothers, one of Indonesia's very high profile business with diversified sectoral interests. In this video, Anindya shares more about KADIN's trade mission to the United Kingdom and his thoughts on how Indonesia and the United Kingdom can be more collaborative and do more together.
To ensure success, you will almost certainly need the resources to support your market access endeavours. Our Overseas Partner Delivery (OPD) Team can support you with research, partner identification, visit programme, trade mission and event management services for British businesses. This information is accurate at the time of publication.
For the most updated information, please contact us at businesscentre@britcham.or.id.
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