Indonesia is the largest of the ASEAN economies with an impressive political and economic track record over the past 10 years. Its economy is expected to grow five to six per cent in 2014 and 2015.
Consumption expenditure is the main driver of economic growth in Indonesia. Consumer confidence remains strong, driving solid sales performances for motor vehicles, electronic goods, FMCG and food.
The strength of consumer confidence has positive implications in demand for services, including education, healthcare, financial and business services, recreation and leisure.
Australia has a strong position as an agribusiness supplier to Indonesia and has leading market positions in the provision of grains and meat. Australia’s capabilities in the development of infrastructure and resources are highly relevant to the growth challenges facing Indonesia.
More information on doing business in Indonesia
Why ASEAN and why now?
Why ASEAN and why now? Insights for Australian Business. A joint Austrade-DFAT publication examining Australia’s trade relationship with the Association of Southeast Asian Nations (ASEAN), the opportunities and challenges for Australian business engaging with the region and the future of the Australia-ASEAN trade relationship.
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