Indonesia could become a one trillion dollar economy in 2012


Wednesday, May 11, 2011 07:12:26

 

From NextBigFuture.com

The Indonesian economy will produce a nominal GDP of Rp 7,400 trill... This is roughly an increase of 15 percent from 2010.

If by year end the rupiah is around Rp 8,000 per US dollar, then the average rate of exchange of the US currency will be around Rp 8,400 to Rp 8,500. Therefore, an average exchange rate of Rp 8,500 is certainly a conservative assumption.

Indonesia's economy will expand further next year. If the rate of growth continues, we will see Indonesia’s nominal GDP rise again in 2012 to a level of around Rp 8,500 trillion, an increase of 15 percent. With the strengthening rupiah against the US dollar, Indonesia’s GDP may translate to a level of over $1 trillion in 2012.

Wikipedia list of countries by future nominal GDP according to IMF ...Indonesia getting to $1 trillion in 2012 is one year ahead of the IMF projections.

The automotive industry, steel, tires, textiles and garments, shoes, personal care products, ice cream and many other items have enjoyed a rapid expansion. Unilever Indonesia, for example, experienced a massive capital investment not seen in many years. The company was able to double its sales in the last five years and has determined to repeat the feat in the next four to five years.

Indonesian pharmaceutical companies have continuously expanded in the last few years to catch up with the increased demand. Daihatsu expanded its capacity from 260,000 cars per year to 390,000 cars annually. Similar moves were also made by Nissan Indonesia, Hino and Mercedes-Benz. Similarly, the motorcycle industry has increased its capacity just to meet the rising demand.

As the car and motorcycle industries both have very high local content, supporting industries have to automatically expand as well. Toshiba Indonesia, for example, has expanded its LCD TV capacity from 360,000 units in 2009 to 1.4 million units in 2011.

In the service business, we have seen continuous expansion in banking and other financial industries, hotels, hospitals, retail and shopping malls, telecommunications services and the airline industry.

Bank BCA, for instance, has seen rapid growth in its transactions that eventually led to a massive buildup in deposits. The increase in transaction frequencies led the company to open more branches and invest in the enhancement of its IT infrastructure, etc. Their ATM expansion, for example, has helped to improve the level of convenience, even though long queues can sometimes still be seen.

At the same time, we are also witnessing the rise of Indonesian airlines such as Garuda, Lion Air, Batavia Air and Sriwijaya. These airlines had to catch up with the rapid rise in passengers by increasing their fleets. Garuda, the flagship carrier, increased its fleet last year with 23 brand new Boeing 737 aircraft. Early this year, new Boeing jets and an Airbus arrived to strengthen the fleet. The company expects to see the arrival of more brand new planes in the coming months.

The level of infrastructure plays a very crucial role in achieving a $1 trillion economy. If public transport, roads, railways and other infrastructure are not in place, what will result is not a country with a thriving economy but a country that will see traffic every hour of every day.

Underdeveloped infrastructure will in reality choke the country’s growth.

Views: 55

Comment

You need to be a member of 12160 Social Network to add comments!

Join 12160 Social Network

"Destroying the New World Order"

TOP CONTENT THIS WEEK

THANK YOU FOR SUPPORTING THE SITE!

mobile page

12160.info/m

12160 Administrators

 

Latest Activity

Doc Vega favorited tjdavis's blog post Smart Network About You Without You
1 hour ago
Doc Vega posted a blog post

If this Stolen Election is Allowed to Continue

 If you are inclined to believe these unimaginable Mid-Term election results, you are either a sad…See More
1 hour ago
Less Prone posted a video

Ronald Bernard - 6 - The first steps towards true peace

🇬🇧 spoken / 🇳🇱 ondertiteling / 🇪🇸 subtítulos / 🇩🇪 untertitel / 🇫🇮 tekstitys / 🇫🇷 Sous-titres / 🇵🇹 legendas / 🇮🇹 Sottotitoli / 🇬🇧 subtitles...
yesterday
cheeki kea commented on cheeki kea's photo
yesterday
cheeki kea posted photos
yesterday
cheeki kea commented on cheeki kea's photo
Thumbnail

Something for you

"President Trump arranged for this prioritised contingent to arrive in USA weeks ago but we all know…"
Sunday
tjdavis posted a video

We Live in Public | Official Trailer | Documentary

Winner of the Grand Jury Prize for best documentary at Sundance Film Festival and Certified Fresh on Rotten Tomatoes, We Live in Public is the fascinating do...
Sunday
tjdavis posted a blog post
Sunday
Sandy posted videos
Saturday
Sandy posted photos
Saturday
Sandy posted a photo
Friday
Doc Vega posted a blog post
Thursday
cheeki kea commented on cheeki kea's blog post What is Play doh Theory ?
Thursday
cheeki kea posted a blog post
Wednesday
Doc Vega posted blog posts
Nov 4
Snakedaddy favorited tjdavis's photo
Nov 3
Doc Vega commented on Doc Vega's blog post The Left's Halloween Fantasy
"tjdavis Thanks for your support! "
Nov 3
Doc Vega commented on Less Prone's video
Thumbnail

🔴 LIVE in English: COVID Shots Dutch Court Hearing vs Bill Gates, Pfizer et al. — Oct 22

"Ha, one thing that is hllarious is since Bill gates is a globalist he will submit to the court that…"
Nov 2
Doc Vega commented on Less Prone's video
Thumbnail

🔴 LIVE in English: COVID Shots Dutch Court Hearing vs Bill Gates, Pfizer et al. — Oct 22

"Less Prone! I couldn't agree more! We the people are not allow to be at the helm and the ones…"
Nov 2
Doc Vega posted blog posts
Nov 2

© 2026   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted