Flag description:
two equal horizontal bands of red (top) and white; similar to the
flag of Monaco, which is shorter; also similar to the flag of
Poland, which is white (top) and red
Economy Indonesia
Economy - overview:
Indonesia, a vast polyglot nation, has restored financial stability
and pursued sober fiscal policies since the Asian financial crisis,
but many economic development problems remain, including high
unemployment, a fragile banking sector, endemic corruption,
inadequate infrastructure, a poor investment climate, and unequal
resource distribution among regions. Indonesia became a net oil
importer in 2004 due to declining production and lack of new
exploration investment. As a result, Jakarta is not reaping the
benefits of high world oil prices, and the cost of subsidizing
domestic fuel prices has placed an increasing strain on the budget.
Keys to future growth remain internal reform, building up the
confidence of international and domestic investors, and strong
global economic growth. In late December 2004, a major tsunami took
nearly 127,000 lives, left more than 93,000 missing and nearly
441,000 displaced, and destroyed $4.5 to $5.0 billion worth of
property.
GDP (purchasing power parity):
$827.4 billion (2004 est.)
GDP - real growth rate:
4.9% (2004 est.)
GDP - per capita:
purchasing power parity - $3,500 (2004 est.)
GDP - composition by sector: agriculture: 14.6% industry: 45% services: 40.4% (2004 est.)
Labor force:
111.5 million (2004 est.)
Labor force - by occupation:
agriculture 45%, industry 16%, services 39% (1999 est.)
Unemployment rate:
9.2% (2004 est.)