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Indonesia

Southeast Asia · Jakarta · IDR (Indonesian Rupiah)

GDP
$1.47T
nominal, USD
GDP growth
5.0%
real, annual
Inflation
2.2%
annual
Market cap
$700.00B
total listed, USD

Economy & industry overview

Indonesia is the largest economy in Southeast Asia and the world's 17th-largest by nominal GDP, underpinned by a population of roughly 288 million people. The economy is driven by natural resources including coal, palm oil, and nickel, alongside a large and growing domestic consumer market. Key industries include banking and financial services, telecommunications, petrochemicals, agriculture, manufacturing, and digital technology. The country has attracted significant foreign direct investment in its downstream nickel and battery-materials sector, positioning itself in global electric vehicle supply chains. Macroeconomic conditions have been broadly stable, with inflation near 2% and unemployment below 5%.

Key sectors

Banking & Financial ServicesTelecommunicationsPalm Oil & AgricultureCoal & MiningPetrochemicalsConsumer Goods & RetailDigital Technology & E-CommerceNickel & Battery MaterialsTourismManufacturing & Automotive
Learn everything about Indonesia →

Macro

GDP nominal, USD$1.47T
GDP growth real, annual5.0%
Inflation annual2.2%
Population people287.9M
GDP per capita USD$5,362
Market cap total listed, USD$700.00B
Market cap / GDP72.0%
Unemployment4.9%
Listed companies956
ExchangeIndonesia Stock Exchange (Bursa Efek Indonesia) (IDX)

Data year: 2025. Sources: IMF World Economic Outlook (April 2026), World Bank World Development Indicators, BPS-Statistics Indonesia (Badan Pusat Statistik), Indonesia Stock Exchange (IDX) official statistics, CEIC Data – Indonesia Market Capitalization, OECD Economic Outlook Volume 2024 Issue 2, Wikipedia – Indonesia Stock Exchange, Worldometer – Indonesia GDP, FRED / World Bank – Indonesia Inflation CPI.

Latest news

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Largest listed companies

The biggest companies on the main local exchange, by market capitalisation.

# 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 offering IDX market access (e.g., Interactive Brokers, Saxo Bank) or through local licensed securities firms regulated by the Financial Services Authority (OJK). Direct IDX accounts require a local custodian and sub-registry account. US-based investors commonly gain exposure via the iShares MSCI Indonesia ETF (EIDO) or through ADR/OTC instruments. Capital gains on equities for non-residents are generally subject to a final withholding tax; dividends are subject to a 20% withholding tax for non-residents (reducible under applicable tax treaties). Repatriation of funds is generally permitted subject to standard documentation.

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-stay residence visa (5-year, renewable to 10-year); not a path to permanent residency or citizenship

Indonesia introduced a Second Home Visa programme in 2022 under Government Regulation No. 37/2021, allowing foreign nationals to obtain a long-stay visa/residence permit for up to 5 years (renewable to 10 years) by demonstrating proof of funds held in an Indonesian bank account (minimum IDR 2 billion, approximately USD 130,000) or by purchasing property meeting the minimum price threshold set by the government. The programme is administered by the Directorate General of Immigration and does not confer permanent residency or citizenship.

Minimum investment: $130.00K

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

Foreign-investor access

Foreign nationals can reside in Indonesia under the Second Home Visa (E33G) introduced in 2022, which requires proof of sufficient funds or qualifying property purchase. Bali and Jakarta are the most popular destinations for expatriates. Indonesia applies restrictions on foreign ownership of land (freehold title is reserved for Indonesian citizens); foreigners may hold property via Hak Pakai (right-of-use) title or through long-term lease arrangements. A tax identification number (NPWP) is required for most financial and administrative activities.

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
Bank Central AsiaPBCRYBBCABCA trades OTC in the US under the ticker PBCRY. It provides USD-denominated exposure to Indonesia's largest private bank by market capitalisation, though trading volumes on the OTC market are significantly lower than on the IDX primary listing.
Bank MandiriPPERYBMRIBank Mandiri trades OTC in the US under the ticker PPERY. As with most Indonesian OTC ADRs, liquidity is limited and bid-ask spreads can be wide; the IDX-listed shares remain the primary and more liquid venue.
Bank Rakyat IndonesiaBKRKYBBRIBRI trades OTC in the US market under the ticker BKRKY as an unlisted ADR. Liquidity is lower than on the IDX, but it provides USD-denominated exposure to Indonesia's largest state-owned bank by customer base and one of the world's leading microfinance institutions.
Indosat Ooredoo HutchisonISATISATIndosat's ADR trades over-the-counter (OTC) in the United States under the ticker ISAT. Liquidity is limited relative to the IDX primary listing. The OTC ADR provides exposure to Indonesia's second-largest mobile telecommunications operator.
Telkom IndonesiaTLKTLKMTelkom Indonesia trades as an American Depositary Receipt (ADR) on the New York Stock Exchange (NYSE) under the ticker TLK. Each ADR represents 100 ordinary shares. It is one of the very few Indonesian companies with a primary US exchange listing, providing direct USD-denominated access to Indonesia's dominant state-owned telecom operator.
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