Why choose Indonesia as our initial market
Southeast Asia’s biggest potential market
Indonesia is a founding member of the ASEAN; it is the fourth most populated country in the world and the most robust economy in Southeast Asia. IMF projects Indonesia to be the sixth largest economy in the world, with a GDP growth of 5.3 percent to $1.32 trillion in 2022. Indonesia consists of tens of thousands of islands, with cultural diversity, an outstanding number of natural resources and steady economic growth; Indonesia has become one of the most attractive countries for FDI. The future is optimistic for Indonesia, as low inflation rates provide a comparative advantage for economic development and capital markets.
Youth Bulge and potential demand
Indonesia is the most populated ASEAN country, with a total population exceeding 270 million in 2021; about half is under 30 years old, while the working-age population remains at a healthy 70% (140 million people). According to an OECD case study in 2017, Indonesia is the least affected by aging among the ASEAN countries