Bilateral Relations
Fact Sheet
As of August 2024
INDONESIA – FACTSHEET
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GENERAL |
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Capital |
Jakarta |
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Area |
1,904,569 sq.km |
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Weather
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Maximum temperature: 32 °C Minimum temperature: 24 °C |
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Population |
279,549,069 (May 2024) Source: Worldometers.info |
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Languages |
Bahasa Indonesia is the official language. However, there are several hundred local languages and dialects spoken. Javanese is one of the most widely spoken languages of the largest ethnic group. |
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Religions |
Muslims: 87.2% Christian (Protestants): 6.96% Catholic: 2.91% Hindu: 1.69% Buddhist: 0.72% Confucianism: 0.05% Others: 0.5% Source: BPS, Indonesia |
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Currency Exchange rate with US$ & INR |
1 US$ = IDR 16,170/- 1 INR = IDR 191.83/- (approximate average of market exchange rate of August 2024) |
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Political Structure
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Unitary Presidential Constitutional Republic. President and Vice President are elected for five-year terms (eligible for a second term) by direct vote. People's Consultative Assembly (MPR) is the bicameral legislative body consisting of members of the People's Representative Council (DPR) and the House of Regional Representatives (DPD). MPR has the role in inaugurating and impeaching the President and in amending the Constitution but does not formulate national policy. DPR (575 seats, members elected for five-year term) formulates and passes legislation at the national level. DPD (132 members; four from each of Indonesia's 30 provinces, two special regions, and one special capital city district) provides legislative inputs to DPR on issues affecting regions. |
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Head of State (President) |
H.E. Mr. Joko Widodo (since 20 October 2014; re-elected in April 2019) |
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Head of Government (Prime Minister) |
None: Each Minister leads his own work in Parliament. |
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Minister for Foreign Affairs |
H.E. Ms. Retno L.P. Marsudi (since 27 October 2014; reappointed in October 2019) |
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ECONOMIC INDICATORS |
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Economy |
Indonesia has grown economically stronger. During the global financial crisis of 2008, Indonesia outperformed its regional neighbours and joined China and India as the only G20 members posting growth. Indonesia is south-east Asia’s largest economy which accounts for one-third of the ASEAN economy. The government of Indonesia is focussed on reinvigorating the economy by announcing economic stimulus packages and tax incentives aimed at fiscal and non-fiscal measures. Indonesia will remain on a positive growth trajectory given the growing domestic demand, liberalization measures, improved investment climate, and the drive to bolster exports and investments. In the July 2024 edition of its World Economic Outlook, the IMF has forecasted that Indonesia’s economy will grow by 5% in 2024 and by 5.1% in 2025, Headline and core inflation would remain comfortably in the target range. |
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GDP at market price |
Rp 5,365 trillion (Q2 2024) Source: BPS Indonesia |
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GDP per capita |
US$ 4,919/ Rp 75 million (nominal 2023 est.) Source: BPS |
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GDP Growth Rate |
(+) 5.05% (est.) (2024 Q2)
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Total Trade Imports Exports |
US$ 43.93 Billion (July 2024) US$ 21.73 Billion (July 2024) US$ 22.20 Billion (July 2024) (Source: BPS Indonesia ) |
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Bilateral Trade Imports from India Exports to India |
US$ 22,674 Million (Jan-July 2024) US$ 10,338 Million (Jan-July 2024) US$ 12,336 Million (Jan-July 2024) |
#Source: Indonesian Ministry of Trade figures
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INDIA SPECIFIC INFORMATION |
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Indian Origin/ Permanent Resident |
Approximately 150,000 Persons of Indian Origin |
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Indian Expatriates |
Total: Approx. 15,000 NRIs (Most of them are professionally qualified and amongst them are Chartered Accountants, Software Professionals, Teachers, Engineers etc.) |
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Indian Organizations |
Indian Chamber of Commerce |
The Embassy of India in Jakarta, in partnership with IndCham held the relaunch ceremony of the Indian Chamber of Commerce in Indonesia 2nd August 2024, in the presence of the business community of India and Indonesia, represented by over 150 members of Indian and Indonesian companies (such as Sinarmas, APR, BioFarma, Indika Energy, Adani, Tata Power, TCS, Thermax, Artemis Hospital, TVS, Vistara, Air India, L&T etc.) several diaspora businesses, and professionals from startups, banks and global MNCs. |
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Indian Organizations |
CII Representative Office |
The CII opened its eleventh global office in Jakarta, Indonesia. It has been set up with the aim to facilitate Indian Industry in doing business with Indonesia, India’s second largest trading partner in the ASEAN Region. The objective of the office is to provide a single point contact for both Indonesian businesses and Indian industry to get information about, connect and engage with each other. |
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Indian Organizations |
Banks |
State Bank of India Bank of India |
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Indian Schools |
There is one school whose syllabus is based on ICSE(grade 6-10): Rama Global School, Purwakarta |
