- Last Updated on 07 May 2013
Burgeoning Domestic Market
Having the 4th largest population in the world, Indonesia has a large domestic market to offer, over 53% of which lives in urban areas and adopts a modern lifestyle. A growing and affluent middle class supports GDP growth with approximately 56.7% of GDP accounting for private consumption in 2010; while Consumer Confidence in Indonesia is at an all-time high, consistently reaching over 110 points until May 2011.
The service sector in Indonesia has also grown over 16% points from 1998 to 2009 and continued to grow at a pace of 6% in 2010 from the previous year.
These statistics fare well for many industries, including retail and consumer products, food processing, as well as the automotive industry. (bkpm.go.id)