About Indonesia's population and economic growth
Indonesia is the fourth most populous country in the world, with a current population of approximately 280 million people.
The average age is young at 29 years old, and the market is expected to grow economically in the future. This abundant young labor force is an important resource that supports the growth of various industries, including the restaurant industry, tourism, and manufacturing.
Additionally, the Indonesian government is promoting preferential treatment for foreign investors and is focusing on improving the business environment. This has led to the expansion of many foreign companies and expanded business opportunities in the Indonesian market.
・The average monthly income in Indonesia is approximately 30,000 yen, and the average annual income is approximately 400,000 yen.
・The population of Bali is 3.9 million.
GDP growth rate and stable economy
Indonesia's GDP growth rate for the first quarter of 2024 recorded an increase of 5.11% compared to the same period last year, and economic growth continues.
The background to achieving a growth rate that exceeds market expectations is infrastructure development, the development of the tourism industry, and expanding consumer demand.
Especially in the tourism industry, Bali is gaining popularity as a major tourist destination, with the number of tourists increasing by 110.9% compared to the same period last year in 2023.
Indonesia's tourism industry is expected to further develop, leading to the growth of related businesses such as the restaurant industry and accommodation industry.
Growth of the tourism industry
From January to November 2023, the number of people who visited Bali from all over the world was 10,409,411, an increase of 110.9% compared to the same period last year.
Bali is one of Indonesia's most touristic regions, with approximately 10.4 million tourists visiting each year.
Compared to other regions, Bali has a smaller percentage of Muslims, so there are fewer restrictions on food culture and there are many establishments that serve alcohol, which are major attractions for tourists.
Bali's popularity as a tourist destination is increasing year by year, and business development such as the restaurant industry and entertainment industry for tourists is accelerating.
In addition, one of Bali's charms is that it has many spiritual spots, world heritage sites, and scenic spots, and can offer a variety of sightseeing plans.
Capital relocation and infrastructure development
From the capital Jakarta to “Nusantara”
In Indonesia, the decision has been made to relocate from the capital Jakarta to Nusantara, and this relocation project is progressing.
With the relocation of the capital, new infrastructure development is expected to revitalize domestic urban development and further economic development.
In particular, progress in the development of transportation infrastructure and public facilities has improved the business environment, making the market easier for foreign companies to enter.
for foreign companies
business opportunity
Policies to support business entry
The Indonesian government provides various incentives for foreign investors and has extensive policies to support business entry.
Additionally, Indonesia has been a friendly country for over 60 years. It is also a strategic partner country with shared goals. Additionally, as there is a strong interest in Japanese culture and food, it is a market that Japanese companies can easily approach.
Business development is expected in a wide range of fields, including Japanese restaurants, tourism-related businesses, and manufacturing.
rich resources and
Future growth potential
Indonesia is attracting attention as a market with high growth potential in Asia
Indonesia has abundant resources such as oil and natural gas, and the energy industry that utilizes these resources is also an important industry.
Additionally, the domestic consumer market in Indonesia is expanding year by year, and consumer demand is only increasing as the population of the younger generation increases.
Against this background, Indonesia is attracting attention as a market with high growth potential in Asia.
With a rich young workforce and stable economic growth, Indonesia offers a wide range of business opportunities, including the restaurant industry, tourism, and manufacturing. It is an attractive market for foreign companies as well, with infrastructure improvements due to the relocation of the capital and preferential treatment for foreign investors.
Indonesia, which is expected to grow further in the future, has great potential as a new business base.