Indonesia

Country Overview    

Indonesia is the 15^th largest country in the world with its 1.9 million km2. In terms of Population it is 4^th with over 245 million people. It is a young, fast, smart country, the 16^th as GDP ( $ 1.121 trillion in 2011) still in phase of development, as confirmed by the low level of pro capita income (at $ 4.200) or by the low number of Internet Users (only 8 pct. of the population). Annual GDP rate was 4.6, 6.1 and 6.4 respectively for 2009, 2010 and 2011, while unemployment index is declining from 7.9 (2009) to 6.7 (2011). Last year the National Budget was in deficit (-1.2%), but Public Debt remains low, around 25% of GDP. Inflation is moderately high (5.7% in 2011) while Interest rate are high (Commercial bank prime lending rate at 12.2% at the end of 2011). Indonesia is a member of ASEAN economic association.

Automotive Industry            in this country, circulating vehicles are normally with only two wheels (52 million motorbikes were circulating at the end of 2009) and with low displacement. However, car industry is growing fast, at an average rate of 20 pct. during last 5 years achieving its all-time record volume year after year. The 2011 closed at 773.000 light passenger vehicles registered , confirming the country 2^nd place inside ASEAN region and the 20^th at global level.