Evaluating the market in Indonesia

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Country Risk Quarterly

Read the Country Risk Quarterly interactive guide for valuable insights on rapidly changing global markets, new opportunities and the latest political and economic risks that could affect your business.

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Global Export Forecast

Read the Global Export Forecast for expert insights from the EDC Economics team on the current trends influencing global trade and Canadian exporting.

Read the latest Government of Canada travel advisory for this market.

Business environment in Indonesia

Indonesia is a member of the G20, the largest economy in Southeast Asia, and has been growing at 5%+ for the past 10 years. With more than 270 million people, the country is Canada’s largest trading partner and top investment destination in the region. Indonesia’s growing middle class provides ample opportunities for Canadian exporters and investors, including cleantech and renewables, infrastructure and agriculture and agri-food, as the government rebalances its commodity-reliant economy.

Despite challenges, the business environment continues to improve as outlined in the World Bank’s Ease of Doing Business Index, and the growing presence of multinational companies in its economy.

Yet, challenges remain. Certain sectors of the economy remain dominated by large state-owned enterprises (SOEs) and private conglomerates. Also, regulation governing sensitive activities, like forestry, can be weakly enforced in some jurisdictions. There’s also an ongoing trend for a decentralization of powers to regional governments, which has resulted in some jurisdictions being more efficiently governed than others. The economy continues to be dominated by the island of Java, home to 60% of the population.
  • Aerospace
  • Oil & Gas
  • Power
  • Satellite
  • Telecom

Here’s a helpful tip for doing business in Indonesia

Business relationships are based on trust in Indonesia. Make personal contact with potential partners and customers when traveling here. 



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Date modified: 2024-02-05