Indonesia: Country Context
As Southeast Asia's largest economy and the fourth most populous country globally, Indonesia has demonstrated remarkable resilience and growth since the Asian financial crisis in 1998. The country has evolved from a lower-middle-income into an emerging upper-middle-income economy, with GDP per capita steadily increasing from USD 823 in 2000 to USD 4,940 in 2023. This growth has been driven by strong domestic consumption, abundant natural resources, and strategic geographical positioning as a trade hub within ASEAN. As a member of the G20 and the world’s seventh-largest economy by purchasing power parity, Indonesia continues to strengthen its regional and global economic influence.
