The economy of Indonesia is the biggest in Southeast Asia and is seen as one of the emerging market economies with greatest potential for future growth.

Indonesia is a member of G20, hosting the summit in 2022. Classified as a newly industrialised country, it is 7th largest in terms of GDP

Recent Macro

Recent Macro

  • GDP contracted in 2020, due to the Coronavirus pandemic, but 2021 has seen a positive start, and this is expected to improve further through the year

  • Indonesia ranked 73rd in the World Bank’s Ease of Doing Business Index

  • The Gross Domestic Product per capita in Indonesia was last recorded at US$ 4,135 in 2020

  • GDP per capita in Indonesia averaged US$ 2,137 from 1960 until 2019 (source: World Bank)
Key info

Key info


  • Currency of Indonesia is the Indonesian Rupiah (IDR) - often property prices are pegged to the US$


  • Moist tropical climate with high even temperatures all year round

  • Annual range from the low 20’s to low 30’s ℃ (mid 70’s to upper 80's ℉)

  • Main wet season is December - March and the dry season is May - October 


  • Non-residents are subject to withholding tax of 20% on gross income

  • Transfer tax is levied on the sale of property at a flat rate of 5%


  • Travel & Tourism in Indonesia grew by 2.7% in 2019 to an industry revenue of US$ 18bn. This fell dramatically in 2020 due to Coronavirus, but is expected to reach pre-pandemic levels entering 2022
  • Number of international tourist arrivals to Indonesia in 2019 reached 16.1m people, up 1.89% from 2018
  • Malaysian tourists benefit from the locality of Indonesia, and account for 18% of all international arrivals




  • The property market cooled in 2019, with relatively muted price increases of around 1.8%

  • Foreigners cannot currently own freehold properties or land in their own names

  • Foreigners can own properties through a leasehold structure and the normal maximum lease length is 80 years
  • Notary / legal fees for purchasing property are generally between 1-2% and paid by the buyer
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