IMD World Competitiveness Booklet 2023

Competitiveness Country Profiles

Indonesia Competitiveness Trends – Overall

OVERALL PERFORMANCE (64 countries)

BASIC FACTS

Rank

2019

2020

2021

2022

2023

Capital Land area (square km '000)

Jakarta

1.917 2022 14,850 2022

32

34

Exchange rate (per $)

37

40

44

Population - market size (millions) 275,77 2022 04 Gross Domestic Product (GDP) (US$ billions) 1.319,1 2022 15 GDP (PPP) per capita (US$) 14.590 2022 59 Real GDP growth (%) 5,3 2022 21 Consumer price inflation (%) 4,21 2022 10 Unemployment rate (%) 5,86 2022 41 Labor force (millions) 143,72 2022 04 Current account balance (% of GDP) 1,00 2022 26 Direct investment stocks inward ($bn) 259,3 2021 26 Direct investment flows inward (% of GDP) 1,79 2021 43

CHALLENGES IN 2023

• Overseeing government reformation persistently. • Accelerating economic development outside the mainland of Java. • Ameliorating digital infrastructure. • Committing to energy transition. • Promoting high-value knowledge workers.

PROVIDED BY: Lembaga Management, FEB, Universitas Indonesia (LM FEB UI), Jakarta and NuPMK Consulting, Jakarta

COMPETITIVENESS LANDSCAPE

Economic Performance Government Efficiency

Business Efficiency

Infrastructure

Domestic Economy

International Trade

International Investment Employment Prices

Public Finance Tax Policy

Institutional Framework Business Legislation

Societal Framework

Productivity & Efficiency Labor Market Finance

Management Practices Attitudes & Values

Basic Infrastructure

Technological Infrastructure Scientific Infrastructure

Health & Environment Education

1

9

12

15 12

21

26

28

34 31

31

35

39

46 44 42

49

49

58 57

PEER GROUPS RANKINGS ASIA - PACIFIC (14 countries)

POPULATIONS > 20 MILLION (27 countries)

2019

2020

2021

2022

2023

2019

2020

2021

2022

2023

10

11

11

11

13

12

14

14

16

17

81