Indonesia will become the sixth in 2024 economy of the world, predicted in International Monetary Fund.
Indonesia’s share of global GDP will rise to 2.61% next year. Confirmation of the correctness of the country’s chosen course was the steady economic growth of 5%, which Indonesia has regularly demonstrated in recent years.
At the same time, the authorities are taking care that the rapid expansion of the economy does not accelerate inflation in Indonesia; for this, the regulator limits the average price increase in the country to no more than 3%. All of these factors have a positive influence on the business climate in Indonesia, including Bali.
If 8 years ago the island was chosen exclusively for recreation, then in recent years more and more people come here to open a business, invest money in a startup or real estate. On average, investments in Bali will pay off in 5-6 years.
Some interesting facts about Indonesia
Indonesia is home to the largest gold mine in the world. The Grasberg mine in West Papua has the biggest gold reserve in the world, and the second biggest copper reserve. There has been competition for the title with other mines in South Africa and Papua New Guinea claiming to be the largest, but for now it is widely accepted that Grasberg is the largest. Employing over 19,000 people and covering 11,000 hectares of land, this mine is a monster of a site and one of huge importance to the country and the people of Indonesia.
This is one of our most random facts about Indonesia; it is one for the football lovers out there. The first team to qualify for the FIFA World Cup from Southeast Asia were called the Dutch East Indies. They were located in Indonesia and only had players that were of Dutch ancestry. They played France in the year 1938, and although the club is now known as the Indonesia national team, they have not been in a world cup since.
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You can find more detailed information about the country here.