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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, [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).
Logo of the RCEP. The Regional Comprehensive Economic Partnership (RCEP / ˈ ɑː r s ɛ p / AR-sep) is a free trade agreement among the Asia-Pacific countries of Australia, Brunei, Cambodia, China, Indonesia, Japan, South Korea, Laos, Malaysia, Myanmar, New Zealand, the Philippines, Singapore, Thailand, and Vietnam. [2]
In Indonesia, state-owned enterprises (Indonesian: Badan Usaha Milik Negara (BUMN)) play an important role in the national economy. Their roles includes contributor for national economy growth , providing goods or services which are not covered by private company , employment provider, providing support guidance to small and medium businesses ...
The Ministry of National Development Planning/National Development Planning Agency (Indonesian: Kementerian Perencanaan Pembangunan Nasional/Badan Perencanaan Pembangunan Nasional) (abbreviated PPN/Bappenas) is a ministry of the Republic of Indonesia that has the task to oversee government affairs in the field of national development planning to assist the President in organizing state ...
This includes regional, national, and global economies. [ 2 ] [ 3 ] Macroeconomists study topics such as output / GDP (gross domestic product) and national income , unemployment (including unemployment rates ), price indices and inflation , consumption , saving , investment , energy , international trade , and international finance .
The corporate name was amended to 'PT. Bank Negara Indonesia (Persero) Tbk', to show its status as a public company. [9] Bank Negara Indonesia branch at Central Park Jakarta. The government's banking recapitalization program, launched after the economic crisis, provided Bank Negara Indonesia with additional capital of IDR 61.2 trillion. [9]
Governors and representative members are elected by popular vote for five-year terms. Provinces were formerly also known as Daerah Tingkat I (Level I Regions). Indonesia is divided into 38 provinces. [4] Nine provinces have special status: Jakarta Special Region: Jakarta is the largest city of Indonesia.