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Indonesia

Southeast Asia · Jakarta · IDR (Indonesian Rupiah)

GDP
$1.40T
nominal, USD
GDP growth
5.0%
real, annual
Inflation
2.2%
annual
Market cap
$724.00B
total listed, USD

Economy & industry overview

Indonesia is the largest economy in Southeast Asia and the 17th largest globally by nominal GDP, with a diversified base spanning commodities, manufacturing, financial services, and a rapidly growing digital economy. The country is a major producer and exporter of palm oil, coal, nickel, and natural gas, while domestic consumption — supported by a population of approximately 277 million — is a primary growth driver. Banking, telecommunications, and consumer-goods sectors are well-represented on the Indonesia Stock Exchange (IDX). The government has pursued infrastructure investment and downstream industrialisation policies, particularly in the nickel and electric-vehicle battery supply chain. Economic growth has remained consistently near 5 percent annually, underpinned by relatively low inflation and a stable macroeconomic policy framework.

Key sectors

Banking & Financial ServicesPalm Oil & AgribusinessCoal & MiningOil & GasTelecommunicationsConsumer Goods & RetailPetrochemicalsNickel & Battery MaterialsRenewable EnergyTechnology & E-Commerce
📘 Learn everything about Indonesia →

Macro

GDP nominal, USD$1.40T
GDP growth real, annual5.0%
Inflation annual2.2%
Population people277.5M
GDP per capita USD$4,368
Market cap total listed, USD$724.00B
Market cap / GDP51.8%
Unemployment4.9%
Listed companies925
ExchangeIndonesia Stock Exchange (IDX)

Data year: 2024. Sources: World Bank World Development Indicators, IMF World Economic Outlook (October 2024), BPS-Statistics Indonesia (Badan Pusat Statistik), Indonesia Stock Exchange (IDX) — idx.co.id, OECD Economic Outlook Vol. 2024 Issue 2, FRED / St. Louis Fed, Trading Economics, StatisticsTimes.com, Databoks / Katadata.

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.

Ticker ETF Issuer Scope Expense ratioannual % Exposure% of fund

Local exchange & access

ExchangeIndonesia Stock Exchange
CodeIDX
Websitewww.idx.co.id
CurrencyIDR

Local broker access

Foreign investors may trade on the IDX through local licensed securities firms or international brokers with IDX access. A local custodian account and Single Investor Identification (SID) number are required. Settlement is T+2. The Financial Services Authority (OJK — Otoritas Jasa Keuangan) is the primary regulator. Some sectoral foreign ownership limits apply (e.g., banking caps). US-based investors may alternatively access Indonesian equities via US-listed ETFs (EIDO, IDX) or ADRs/OTC cross-listings.

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 or 10 years, renewable) — not permanent residency or citizenship

Indonesia introduced a Second Home Visa (Visa Rumah Kedua) in 2022, allowing foreign nationals to reside in Indonesia for 5 or 10 years (renewable) upon placing a minimum of IDR 2 billion (approximately USD 130,000) in an Indonesian state-owned bank or purchasing qualifying Indonesian assets of equivalent or greater value. The programme is administered by the Directorate General of Immigration under the Ministry of Law and Human Rights.

Minimum investment: $130.00K

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

Foreign-investor access

Foreign nationals may apply for Indonesia's Second Home Visa with a qualifying bank deposit or asset purchase. Indonesia does not generally permit foreigners to own freehold land; property access is typically via leasehold or right-of-use (Hak Pakai) titles. A KITAS (Temporary Stay Permit) is required for medium- to long-term residence. The capital is in the process of being relocated from Jakarta to Nusantara (East Kalimantan).

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 MandiriPPERYBMRITrades on the US OTC markets as an ADR. Bank Mandiri is Indonesia's largest bank by total assets and is majority state-owned.
Bank Rakyat IndonesiaBKRKFBBRITrades on the US OTC markets (Pink Sheets) as an American Depositary Receipt. Provides US investors with direct exposure to Indonesia's largest state-owned bank by market cap.
Medco Energi InternasionalMEYYYMEDCTrades on the US OTC markets. Medco Energi is one of Indonesia's largest independent oil and gas exploration and production companies, with assets across Southeast Asia and the Middle East.
Telkom IndonesiaTLKTLKMListed on the New York Stock Exchange (NYSE) as an American Depositary Share (ADS); one of the few Indonesian companies with a primary US exchange listing. Each ADS represents 100 ordinary shares.
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