← Emerging Markets
Indonesia
ID

Indonesia

Southeast Asia · Jakarta · IDR (Indonesian Rupiah)

GDP
$1.40T
nominal, USD
GDP growth
5.0%
real, annual
Inflation
2.3%
annual
Market cap
$700.00B
total listed, USD

Economy & industry overview

Indonesia is the largest economy in Southeast Asia and one of the world's major emerging markets, with a nominal GDP of approximately 1.40 trillion USD in 2024. The economy is driven by domestic consumption, natural resource exports including coal, palm oil, and liquefied natural gas, as well as a growing manufacturing and services sector. Financial services, telecommunications, and commodities form the backbone of the listed equity market. The country has a young and large population of approximately 280 million people, supporting robust consumer demand and a growing middle class. Real GDP growth was 5.03 percent in 2024, reflecting consistent performance in line with recent years, though below the government target.

Key sectors

Banking · FinancialsEnergy · Coal and OilTelecommunications · InfrastructureBasic Materials · Mining and MetalsConsumer Staples · Food and BeverageIndustrials · ConglomeratesUtilities · Renewable EnergyTechnology · Data Centers and IT ServicesHealthcarePalm Oil · Agribusiness
Learn everything about Indonesia →

Macro

GDP nominal, USD$1.40T
GDP growth real, annual5.0%
Inflation annual2.3%
Population people277.5M
GDP per capita USD$4,958
Market cap total listed, USD$700.00B
Market cap / GDP50.1%
Unemployment4.9%
Listed companies940
ExchangeIndonesia Stock Exchange (Bursa Efek Indonesia) (IDX)

Primary data year: 2024. Sources: World Bank, IMF World Economic Outlook, BPS-Statistics Indonesia, OECD Economic Survey Indonesia 2024, Indonesia Stock Exchange (IDX), MSCI, iShares / BlackRock, UNCTAD Investment Policy Monitor, Trading Economics, Worldometers. Individual figures may cover different reference periods — for example a fiscal year, or an estimate for the current year — and the overview above states these where known.

Latest news

Links open the publisher's website in a new tab.

Largest listed companies

The biggest companies on the main local exchange, by market capitalisation. Where a foreign company holds a secondary listing here, it is shown after the domestic companies.

# Company Sector Market capUSD US listing

US-traded ETFs

Funds listed in the US that give exposure to this market, the simplest route for many US investors.

ETF Scope Expense ratioannual % Exposure% of fund

Local exchange & access

ExchangeIndonesia Stock Exchange (Bursa Efek Indonesia)
CodeIDX
Websitewww.idx.co.id
CurrencyIDR

Local broker access

Foreign investors can access Indonesian equities through international brokers that offer access to the Indonesia Stock Exchange, including global platforms such as Interactive Brokers. Domestic brokerage accounts at IDX-member firms require compliance with Indonesian financial regulations and OJK (Otoritas Jasa Keuangan) requirements. US-based investors may prefer exposure through US-listed ETFs such as EIDO rather than direct IDX accounts. Capital gains on shares sold on the IDX are subject to a final withholding tax, and dividend withholding rates apply to foreign investors under applicable tax treaties. Investors should verify current regulatory requirements with a qualified adviser.

Global brokers with foreign-market access

Listed for convenience only. Not a recommendation. Available markets, fees and onboarding rules differ by broker and by your country of residence.

Relocation & residency

Investment visa / residency programme

Grants Long-term residency (5 or 10 years, renewable)

true

Minimum investment: $350.00K

Need help applying? Specialist investment-migration advisers such as Henley & Partners.

Foreign-investor access

Indonesia officially launched its Golden Visa programme in July 2024, following a pilot in 2023. Individual investors can qualify with a minimum deposit in a local bank of 350,000 USD for a five-year visa or 700,000 USD for a ten-year visa. Corporate applicants must invest at least 50 million USD. Holders receive multi-entry privileges, longer stay periods, the right to own assets in Indonesia, and access to fast-track citizenship application. The programme targets foreign investors, global talents, global figures, second-home owners, and former Indonesian citizens and their descendants. Prospective relocators should consult Indonesian immigration authorities for the most current regulations.

US-listed ADRs & cross-listings

Companies from this country whose shares also trade in the US, investable in a normal US brokerage account.

CompanyUS tickerLocal tickerNote
Telkom IndonesiaTLKTLKMTelkom Indonesia trades on the New York Stock Exchange as an American Depositary Receipt under the ticker TLK. It is the only major Indonesian company with a US-listed ADR on a major exchange. Each ADR represents 100 ordinary shares listed on the IDX.
Theme