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The data has been collected by the World Bank's International Comparison Program since the 1970s and has been available for almost all World Bank member states and some other territories since 1990. The Global price level, as reported by the World Bank, is a way to compare the cost of living between different countries.
Indonesia regained its investment grade rating from Fitch Rating in late 2011, and from Moody's Rating in early 2012, after losing it in the 1997 crisis, during which Indonesia spent more than Rp. 450 trillion ($50 billion) to bail out lenders from banks.
Normalizing the data, by dividing the budget balance by GDP, enables easy comparisons across countries and indicates whether a national government saves or borrows money. Countries with high budget deficits (relative to their GDPs) generally have more difficulty raising funds to finance expenditures, than those with lower deficits." [12]
In Indonesia, I spent $109.96 a day, which might seem high for a country that has a reputation for affordability, though I spent five days on its island of Sumatra on orangutan trekking tours.
Countries by total wealth, 2022 (2023 publication) National net wealth, also known as national net worth, is the total sum of the value of a country's assets minus its liabilities.
At the time, a Big Mac in Iceland cost 650 krona ($5.29), and the 20% price increase that would have been needed to stay in business would have increased that cost to 780 krona ($6.36). [ 31 ] [ 32 ] Fish and lamb are produced in Iceland, while beef is often imported (but also exported).
The Statistics Indonesia (Badan Pusat Statistik) derives GRP for a province as the sum of the GRP Nominal originating in all the industries in the province at current prices market. [ 1 ] List of Indonesian administrative divisions by GRP Nominal, with 14,308 IDR = US$1 term of Nominal while 4,833.87 IDR = US$1 term of PPP.
This led to a more than doubling in the price of consumer fuels, resulting in double-digit inflation. The situation eventually stabilised, but the economy continued to struggle with inflation at 17% in 2005. Economic growth accelerated to 5.1% in 2004 and reached 5.6% in 2005. For 2006, Indonesia's economic outlook was more positive.
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