An official at Indonesia's Finance Ministry announced today that Indonesia's gross domestic product (GDP) grew by 6.23% in 2012, thus failing to meet the government's revised target of 6.3-6.5%. Factors that contributed to Indonesia's lower than expected economic growth last year were weak exports due to poor international trade and non-optimal government spending. On the positive side, all sectors of the Indonesian economy experienced growth.
5 December 2019 (closed)
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Bagian Kolom Berita ini berisi artikel dengan analisis mendalam mengenai topik yang memiliki nilai berita tinggi di Indonesia dan dapat dianggap sebagai topik-topik yang mampu mempengaruhi iklim investasi di Indonesia. Sebagian besar berita yang diterbitkan di sini mencakup pokok permasalahan politik, ekonomi atau sosial. Dengan mengikuti artikel di bagian ini, Anda akan diberitahu mengenai apa yang terjadi di Indonesia dan - tidak kalah pentingnya - memahami mengapa hal itu terjadi.
Next year, Indonesia will have new parliamentary and presidential elections. Now already, these elections are highly relevant as political parties need to find ways to gain popular support and need to look for the right presidential candidates. Political parties or coalitions of political parties that receive at least 20 percent of the votes during the parliamentary election, are allowed to nominate a presidential candidate. Thereafter, a presidential election - in which a few candidates participate - will decide the next Indonesian president.
This year, Indonesia will have to face declining production numbers in its oil and gas sector. Gas output is assumed to decline by 14.77 percent compared to last year, while oil output will reach similar levels as in 2012, provided that there are no disruptions due to bad weather and leakages (a prerequisite that will be hard to meet).
Indonesian commercial banks have shown good performance in recent years as economic growth of over six percent fuels loan demand from the people and businesses. Domestic consumption and investment are the two main drivers of the country's gross domestic product (GDP) growth. Together, these two components account for almost 90 percent of GDP. As such, lenders are in a comfortable position.