In December 2010, Goldman Sacks recognized Indonesia as a member of MIKT, along with Korea, Mexico, and Turkey, all of which have demonstrated outstanding development performance with a substantial size of GDP as well as population. Indonesia, like Korea, is now filling a more important role in the global economy as a member of the G20, N-11, and MIKT. In particular, since the global financial crisis of 2008, Indonesia has shown robust GDP growth of 6.1% in 2008, 4.5% in 2009, and 5.9% in 2010. The Indonesian Government has also estimated 6.5% growth for 2011. Due to this excellent performance, Indonesia has substantially decreased its government debt to GDP ratio from 47% in 2005 to 24% in 2011.
Several characteristics indicate Indonesia has vast growth potential. (The rest omitted)


Title |
Supporting Indonesia's development strategy in key policy areas
Similar Titles
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Sub Title | Public finance, credit infrastructure, and water resources management |
Material Type | Report |
Author(English) |
Kang, Kyeounghoon; Bae, Deukjong; Choi, Yonglak; Lee, Wookjae; Chun, Sungjun et al. |
Publisher |
Seoul : Korea Development Institute |
Date | 2012 |
Series Title; No | Knowledge Sharing Program |
ISBN | 978-89-8063-618-1; 978-89-8063-657-0 (set) |
Pages | 326 |
Subject Country | Indonesia(Asia and Pacific) |
Language | English |
File Type | Documents |
Original Format | |
Subject | Economy < Financial Policy Territorial Development < General |
Holding | Korea Development Institute |
Recipient Country | Indonesia(Asia and Pacific) |
Donor Country | South Korea(Asia and Pacific) |
Supervisor | Korea Development Institute |
Organizer | Korea Development Institute |
Sponsor | Ministry of Strategy and Finance |
License | ![]() |
Abstract