Economy of Indonesia
Indonesia economy shows the positive side of the country which is
always progressive. Indonesia is filled with abundant natural
resources which have made the 90% of the population to get engaged
The other major pillars
of Indonesia in terms of production are oil and natural gas which
contributes around 70% of the total export and 60% of the total
Government revenue. Indonesia is traditionally an agriculture
based country and its economy has always been dependent on it.
But in the recent past the change in the world prices of
commodities and the world economy has forced a change in the
traditional economy of Indonesia too. The country has undergone a
structural change in its economic policies and different sectors
have come up fast.
Industries like Tourism
have started providing a firm backbone to the infrastructure and
have been a major foreign currency earner for the country. Since
1976, Indonesian economy has had good growth and has developed its
own communication facilities system with satellites, expansion of
telephone and television to all its provinces.
Another major sector which was developed during this period in the
country was transportation which paved the way for the foods
transport to the different provinces of the country. The airports
along with the roads and the sea ports were developed fast to
provide better service to the growing traffic on the both domestic
and the international sectors.
Apart from the basic industries Indonesia is also a leading
producer of forestry products, rubber, coffee, tea, tin, nickel,
copper, palm products and fish. These are the major contributor to
the foreign exchange of the country.
The recent years have also seen some major steps taken to promote
non-oil products like handicrafts, textiles, precious metals, tea,
tobacco, cement, fertilizers and manufactured goods as well.