International organization participation:
APEC, APT, ARF, AsDB, ASEAN, BIS, CP, EAS, FAO, G-15, G-77, IAEA,
IBRD, ICAO, ICC, ICFTU, ICRM, IDA, IDB, IFAD, IFC, IFRCS, IHO, ILO,
IMF, IMO, Interpol, IOC, IOM (observer), IPU, ISO, ITU, MIGA, MONUC,
NAM, OIC, OPCW, OPEC, PIF (partner), UN, UNCTAD, UNESCO, UNIDO,
UNMIL, UNOMIG, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WToO, WTO
Diplomatic representation in the US: chief of mission: Ambassador SUDJADNAN Parnohadiningrat chancery: 2020 Massachusetts Avenue NW, Washington, DC 20036 telephone: [1] (202) 775-5200 FAX: [1] (202) 775-5365 consulate(s) general: Chicago, Houston, Los Angeles, New York, San Francisco
Diplomatic representation from the US: chief of mission: Ambassador B. Lynn PASCOE embassy: Jalan 1 Medan Merdeka Selatan 4-5, Jakarta 10110 mailing address: Unit 8129, Box 1, FPO AP 96520 telephone: [62] (21) 3435-9000 FAX: [62] (21) 3435-9922 consulate(s) general: Surabaya consulate(s): Medan; Denpasar (consular agency)
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 struggled to overcome the
Asian financial crisis, and still grapples with 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 because of declining production and lack of new exploration
investment. In late December 2004, the Indian Ocean tsunami took
131,000 lives with another 37,000 missing, left some 570,000
displaced persons, and caused an estimated $4.5 billion in damages
and losses. The cost of subsidizing domestic fuel placed increasing
strain on the budget in 2005, and combined with indecisive monetary
policy, contributed to a run on the currency in August 2005,
prompting the government to enact a 126% average fuel price hike in
October. The resulting inflation and interest rate hikes dampened
growth prospects in 2006. However, in October 2006, Jakarta paid off
its outstanding IMF debt, incurred during the 1997-98 Asian
financial crisis, four years ahead of schedule. Keys to future
growth remain internal reform, building up the confidence of
international and domestic investors, and strong global economic
growth.
GDP (purchasing power parity):
$869.7 billion (2005 est.)
GDP (official exchange rate):
$270 billion (2005 est.)
GDP - real growth rate:
5.6% (2005 est.)
GDP - per capita (PPP):
$3,600 (2005 est.)