Asian Development Bank and Indonesia: Fact Sheet

Abstract

Updated yearly, this ADB Fact Sheet provides social and economic indicators on Indonesia as well as concise information on ADB's operations in the country and contact information. Indonesia has experienced strong economic expansion since recovering from the 1997 Asian financial crisis. Economic growth accelerated to a 10-year high of 6.3% in 2007 and a respectable 4.5% in 2009, making the country one of the best performers within the global recession. At the end of December 2009, international reserves rose to an all-time high of $66.1 billion, or 7.1 months of merchandise imports. Confidence in the country’s reserves was further bolstered by substantial currency swap agreements in the total amount of more than $30 billion. The overall fiscal deficit for 2009 was 1.6% of gross domestic product (GDP) and included a substantial fiscal stimulus. Indonesia’s debt-to-GDP ratio has continuously declined from 57% in 2004 to 28% by the end of 2009.