Ludwig von Mises Institute

Indonesia

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Country summary

Capital

Jakarta

Borders

Timor-Leste 228 km, Malaysia 1,782 km, Papua New Guinea 820 km

Government type

republic

Population

240,271,522 (July 2010 est.)[1]

Population growth

1.136% (2010 est.)[1]

Life expectancy

70.76 years[1]

Unemployment

7.7% (2009 est.)[1]

Index of Economic Freedom

114[2]

Corruption Perceptions Index

111[3]

Doing Business ranking

122[4]


The Dutch began to colonize Indonesia in the early 17th century; Japan occupied the islands from 1942 to 1945. Indonesia declared its independence after Japan's surrender, but it required four years of intermittent negotiations, recurring hostilities, and UN mediation before the Netherlands agreed to transfer sovereignty in 1949. Indonesia's first free parliamentary election after decades of repressive rule took place in 1999. Indonesia is now the world's third-largest democracy, the world's largest archipelagic state, and home to the world's largest Muslim population. Current issues include: alleviating poverty, improving education, preventing terrorism, consolidating democracy after four decades of authoritarianism, implementing economic and financial reforms, stemming corruption, holding the military and police accountable for past human rights violations, addressing climate change, and controlling avian influenza. In 2005, Indonesia reached a historic peace agreement with armed separatists in Aceh, which led to democratic elections in Aceh in December 2006. Indonesia continues to face low intensity armed resistance by the separatist Free Papua Movement.[1]

Economical characteristics[edit]

  • Currency: Rupiah (ISO code: IDR)
  • Central bank discount rate: 10.83% (31 December 2008)[1]
  • Commercial banks lending rate: 13.6% (31 December 2008)[1]
  • Stock of money (M1): $41.71 billion (31 December 2008)[1]
  • Quasi money (with M1 makes M2): $131.1 billion (31 December 2008)[1]

Notable events:[edit]

Statistics[edit]

Statistic / Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
GDP (million USD)[7] 140 001 165 021 160 447 195 661 234 772 256 837 285 869 364 571 431 933 510 730
Govt. debt (% of GDP)[8] 45.208 32.224 29.717 28.762
Govt. revenue (% of GDP)[9] 18.060 18.699 17.444 17.323 18.366
Govt. expenses (% of GDP)[10] 16.329 15.713 16.258 16.854
Debt to revenue (years) 2.503 1.847 1.715 1.566

References[edit]

Note: statistical data was rounded. Different sources may use different methodologies for their estimates. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.

  1. ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 CIA - The World Factbook. "Indonesia", from The World Factbook. Referenced 2010-09-30.
  2. ↑ Heritage Foundation. "Indonesia", Economic Freedom Score. A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-09-30.
  3. ↑ Transparency International. "Indonesia", Corruption Perceptions Index 2009. A lower ranking is better; but please note that the numbers cannot be compared between countries or years due to different methodology. Referenced 2010-09-30.
  4. ↑ Doing Business. "Indonesia", Doing Business 2010 (part of The World Bank Group). A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-09-30.
  5. ↑ Carmen M. Reinhart and Kenneth S. Rogoff. "This Time is Different", Princeton University Press, ISBN 978-0-691-14216-6, p. 368. (The list does not claim to be complete.) Referenced 2011-07-20.
  6. ↑ Carmen M. Reinhart. "This Time is Different Chartbook: Country Histories on Debt, Default, and Financial Crises" (pdf), March 3, 2010, p. 62. (The list does not claim to be complete.) Referenced 2011-07-20.
  7. ↑ World Bank. "Indonesia: GDP", from World Bank Data. Referenced 2010-09-30.
  8. ↑ World Bank. "Indonesia: government debt", from World Bank Data. Referenced 2010-09-30.
  9. ↑ World Bank. "Indonesia: government revenue", from World Bank Data. Referenced 2010-09-30.
  10. ↑ World Bank. "Indonesia: government expenses", from World Bank Data. Referenced 2010-09-30.

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