The Economy of Indonesia is the largest economy in Southeast Asia, is one of the emerging market economies of the world, and also the member of G-20 major economies. It has a market economy in which the government plays a significant role by owning more than 164 state-owned enterprises and administers prices on several basic goods, including fuel, rice, and electricity.

Asian economies from China to Vietnam are picking up speed after policy makers boosted spending and slashed borrowing costs to counter the global recession. Indonesia fared better than its neighbors during last year’s world slump because it relies less on exports, and consumer confidence has been buoyed by the most stable political climate. The country’s economy expanded 6.0 percent last year in 2010.

Private consumption is forecast to grow higher in the first quarter. Private consumption accounts for about 68 percent of Southeast Asia’s largest economy . Bank Indonesia’s statement.

Gross domestic product may increase by between 6.5 percent and 6.7 percent next year. The central bank earlier this week raised its estimate for 2011 growth to 6.5 percent from 6.0 percent.

The Jakarta benchmark stock index increased 87 percent last year and the rupiah gained 16 percent, the best performance by an Asian currency outside Japan, as foreign funds sought to take advantage of Indonesia’s strengthening economy. It is the best performance and result for the Stock Exchange Company in Asia Pacific at the present time.

Indonesia’s inflation rate may average between 4 percent and 6 percent this year compared with an average 2.78 percent in 2009, the central bank has said.

The bank cut its benchmark interest rate by 3 percentage points between December 2008 and August last year to shield the nation from the global recession. The policy rate has since been maintained at 6.5 percent.

Growth in Indonesia’s $514 billion economy has been supported by improved consumer confidence, which according to a central bank index rose in January to near the five-year high recorded in July 2009 when President Susilo Bambang Yudhoyono was elected to a second term.

President Susilo Bambang Yudhoyono seeks to expand Southeast Asia’s biggest economy by as much as 7.7 percent and create 10.7 million jobs by the end of his second term in 2014, he said in his annual state-of-the-nation address Aug. 16. Indonesia also aims to cut the poverty rate by about a third to between 8 percent and 10 percent over the next four years.

US Ambassador, Scot Marciel said "Indonesia can achieve economic growth of 8 percent that is driven by domestic as well as international investment, if regulatory clarity and infrastructure in the country are improved" Still he said, "Indonesia’s growing around 6 percent in 2010, "I think that could reach 8 percent sustainably, without tremendous difficulty, by addressing some of the infrastructure issues and opening up a little bit more."

Indonesia is huge market which have 230 million people and it’s one of the fourth highest populated country in the world. Therefore, to select Indonesia as a new target market by using Indonesian sales outsourcing provider should be considered by overseas company.

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