Analysis of Global Power Market
Analysis of Global Power Market
Overview of Indonesia's Economy
Nominal GDP, Indonesia, 2016-2023E
US Dollar
Billion
CAGR
(16-18) (18-23E)
Nominal GDP
4.7%
8.0%
1,800
1,499.4
1,500
1,399.1
1,305.7
1,208.9
1,200
1,015.3 1,022.5
1,100.9
932.1
900
600
300
2016 2017 2018 2019E 2020E 2021E 2022E 2023E
Nominal GDP per Capita, Indonesia, 2016-2023E
US Dollar
CAGR
(16-18)
(18-23E)
6,000
Nominal GDP
per Capita
3.6%
6.8%
5,381.1
5,074.9
4,787.1
5,000
4,479.5
4,000 3,605.7
3,884.7 3,870.6
4,123.3
3,000
2,000
1,000
0
2016
2017
Highlights
Indonesia's nominal GDP increased from US
Dollar 932.1 billion in 2016 to US Dollar 1,022.5
billion in 2018, registering a CAGR of 4.7%, and
is expected to increase further to US Dollar
1,499.4 billion in 2023 at a CAGR of 8.0% from
2018 to 2023.
Indonesia's nominal GDP per capita increased
from US Dollar 3,605.7 in 2016 to US Dollar
3,870.6 in 2018, indicating a CAGR of 3.6%, and
is expected to increase to US Dollar 5,381.1 in
2023, with a CAGR of 6.8%.
➤Indonesia is the largest economy in Southeast
Asia. The government keeps upgrading power
and other infrastructures, improving political
environment, and taking other steps to improve
the regulatory environment in order to improve
Indonesia's business environment, attract foreign
direct investment and maintain a sustainable
economic growth.
➤ The Indonesia's GDP per capita is below the
world average. There is huge potential for
Indonesia's economy considering its increasing
economic openness.
2018 2019E 2020E 2021E 2022E 2023E
FROST
SULLIVAN
Source: IMF, Frost & Sullivan
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