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Indonesia Overview

Indonesia is the world’s third-largest democracy and has the largest economy in Southeast Asia. It is the world’s biggest producer and consumer of palm oil, providing about half of the world’s supply.

With nearly half of the population younger than 30, there is a growing demand for consumer goods, targeted education and training, and innovative knowledge-based services and technology.

Poverty and unemployment, inadequate infrastructure and unequal resource distribution are still part of its economic landscape. Despite this, the Indonesian economy’s annual growth rate is fluctuating around 5%, and is the second-fastest G20 economy, after China.

Global State of the Market Report

In 2020, the Advisory Board Centre mapped professionals currently serving on Advisory Boards. This assessment identified over 4,000 professionals on Advisory Boards in Indonesia.

Japan’s Advisory Board Landscape

Research has identified that the Advisory Board sector is emerging, and Advisors exist as a profession in Indonesia. As an emerging sector, advisory board professionals may have opportunities in key sectors including – industrial production, tourism and hospitality, and services – and are encouraged to stay open-minded to start-up and emerging industries.

Future Growth Opportunities

There is a growing opportunity for professionals to increase participation in Indonesia, by formalising Advisory Board structures and collaborating on a global scale. As this sector grows, it is important to note that best practice credentials will shift the market from informal to formal Advisory Boards over time.

Key Statistics

Population 270.6m Labour Force by occupation
GDP  1.119tn (USD) Agriculture 32%
Industry 21%
GDP by sector Services 47%
Agriculture 13.7%
Industry 41% Global ease of doing business rank 73rd
Services 45.4% Global ease of doing business score 69.6/100
Imports 223.44bn (USD)
Export 249.628bn (USD)

 

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