Indonesia is a large and populous country with a young population. Over half of the population is under the age of 30, and around two-thirds of the population is literate. Indonesia also has a relatively high level of income inequality, with the richest 20% of the population earning around eight times as much as the poorest 20%.
Indonesia’s population is large and young, with a median age of 29.4 years. The population is projected to grow to nearly 300 million by 2030. Indonesia’s workforce is relatively well-educated, with 72% of the population aged 15-64 having completed secondary education. However, there is a significant skills mismatch, with many workers employed in low-skilled jobs.
Education levels in Indonesia are rising rapidly. The literacy rate has increased from around 65% in 2000 to 95% in 2018. The government is investing heavily in education, and the number of university graduates is growing rapidly.
Indonesia’s middle class is also growing rapidly. In 2000, around 5% of the population was considered middle class. By 2014, this had increased to 42%. This growth is driven by rising incomes and education levels.
The biggest industries in Indonesia are agriculture, mining, manufacturing, and services. The country is a major producer of commodities such as palm oil, coal, and tin. Manufacturing is also important, and the country has a growing automotive industry. Services are the fastest-growing sector of the economy, driven by the expanding middle class.
Indonesia offers a number of opportunities for businesses and investors. The country’s population and middle class are both growing rapidly, and there is a large market for consumer goods and services. The country is also rich in natural resources, and has a growing manufacturing sector. Indonesia presents a number of risks as well, including political instability, corruption, and infrastructure constraints.
Indonesia’s economy is the largest in Southeast Asia and a member of the G20. The country’s large population and rapid economic growth make it an attractive market for many businesses. Additionally, Indonesia’s membership in the Association of Southeast Asian Nations (ASEAN) gives it preferential access to markets in other Southeast Asian countries.
