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The economy of Indonesia is a mixed economy with dirigiste characteristics, [31] [32] and it is one of the emerging market economies in the world and the largest in Southeast Asia. As an upper-middle income country and member of the G20 , Indonesia is classified as a newly industrialized country . [ 33 ]
The 1970s, 1980s and 1990s saw foreign investment and economic growth; large construction booms brought major changes to Indonesian cities, including the replacement of the early twentieth styles with late modern and postmodern styles. [24] The urban construction booms have continued in the 21st century and are shaping skylines in Indonesian ...
Despite a slowing global economy, Indonesia's economic growth accelerated to a ten-year high of 6.3% in 2007. This growth rate was sufficient to reduce poverty from 17.8% to 16.6% based on the government's poverty line and reversed the recent trend towards jobless growth, with unemployment falling to 8.46% in February 2008.
Indonesia has a GDP per capita at $4,980, suggesting that the majority of the population may struggle to easily afford the latest iPhone. (In comparison, GDP per capita in China, one of Apple’s ...
Indonesia, [c] officially the Republic of Indonesia, [d] is a country in Southeast Asia and Oceania, between the Indian and Pacific oceans. Comprising over 17,000 islands, including Sumatra, Java, Sulawesi, and parts of Borneo and New Guinea, Indonesia is the world's largest archipelagic state and the 14th-largest country by area, at 1,904,569 square kilometres (735,358 square miles).
The colonial architecture of Indonesia refers to the buildings that were created across Indonesia during the Dutch colonial period, during that time, this region was known as the Dutch East Indies. These types of colonial era structures are more prevalent in Java and Sumatra, as those islands were considered more economically significant during ...
A traditional Batak Toba house in North Sumatra. With few exceptions, the peoples of the Indonesian archipelago share a common Austronesian ancestry (originating in Taiwan, c. 6,000 years ago [4]) or Sundaland, a sunken area in Southeast Asia, and the traditional homes of Indonesia share a number of characteristics, such as timber construction and varied and elaborate roof structures. [4]
In this vision, the government set a target for Indonesia in 2045 to become the fifth largest economy in the world with a GDP of US$7.3 trillion and per capita income reaching US$25,000. [ 3 ] President Joko Widodo reiterated the vision once again during his second term inauguration speech in Parliamentary Complex on 20 October 2019. [ 5 ]