Duration 16:24

Why Is Indonesia One Of The Fastest Growing Economies In The World | Economics Explained

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Published 27 Jul 2023

Thanks Morning Brew for my daily news briefing - sign up for free here: https://morningbrewdaily.com/economicsexplained Check out Part 2 on our Patreon - Indonesia's Banking Problem ➡️ https://www.patreon.com/EconomicsExplained Indonesia's economy has been growing rapidly, and thanks to a younger population it could be on track to become one of the biggest economies in the world. There are a few things holding Indonesia back, such as Jakarta sinking into the ocean, but with their natural resource wealth and access to the world's oceans, it could become a huge player in making the goods we all use every day. ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ The Economic Explained team uses Statista for conducting our research. Check out their YouTube channel: /channel/UCuj2Bne141HGmYFsbkfnbqw Enjoyed the video? Comment below! 💬 ⭑ Enjoyed? Hit the like button! 👍 Check out our second channel Economics Explained Essentials → /@ economicsexplainedessentia551 ✉️ Business Enquiries → hello@economicsexplained.com 🎧 Listen to EE on Spotify! 👉 https://open.spotify.com/show/5TFVUEJnYLOCmmfaDNHaM2 Also on Apple Podcasts or anywhere else you listen! Follow EE on social media: Twitter 🐦 → https://twitter.com/EconomicsEx Facebook → https://www.facebook.com/EconomicsEx Instagram → https://www.instagram.com/economicsexplained/ TikTok → https://www.tiktok.com/@ economicsexplained #EconomicsExplained #IndonesiaEconomy ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ECONOMICS EXPLAINED IS MADE POSSIBLE BY OUR PATREON COMMUNITY 👊🙏 Support EE by becoming a Patron today! 👉 https://www.patreon.com/EconomicsExplained The video you’re watching right now would not exist without the monthly support provided by our generous Patrons: UPPER CLASS Jeromy Johnson, Juan Benet UPPER MIDDLE CLASS Pineapples&bricks, Adrian Bellomo, Maximiliano Rios, Peter Wesselius, std__mpa, Bac Nguyen, Michael Ling, Stephanie Roth, Frank Soltero, David Poliakoff, Jay Eno, Ryan Foo, Grégoire Duchêne, Sophie G, Brett Jubinville, Anthony Roberts, jill hoffman, Nathan Ngumi, JKH, Post Apocalyptic In Missouri, Constanza de Svastich, Laor Glukhovsky, Kib Bibens-LeFebvre, Forodon, Paul Ashworth, Igor Stavchanskiy, Mcfeld, Wendover Productions, Andrew Harrison, Igor Bazarny. MIDDLE CLASS Brian, Vladimir Zotov, Stefano Panaro, Seth, Dragan Alexandru, Tenebrion, Jason, Alex Wong, Jamie Costello, Rick Van Velden, Leah Klearman, Bacongravy, Klaus Clemens, Ps0Fa, Abel, Eric Slimko, Adam, Empyre18, Brian Jackson, Istvan P, Johann Döpke, Leonid Sorokoumov, Thomas Davenport, Nicholas Luchetta, Kim Brand, Ted Marcy, Joshua White, John Issitt, Joe Ryan, Patrick Staight, Wees Kendall, Shane Guthrie, Andrew Baartz, Jim Kirker, Justin Smith, Karan Mehta, Alex, roGER, Elisabeth Stanfield, Ash, Marton Csikos, Randy Cleary, Arjan, Marton Szasz, Liubov Zvereva, Jeff York, Michael D. Hall, Long Phan, hunter dalton, Craig Mews, Kent Klatchuk, Stefan Penner, ZETTAwith3TEEES, Zac Woodrell, Roman~1, Chris Hawkins, Wesley Fite, Robert Nyborg, David McIlveen, Anthony, Arend Peter Castelein, Daniel Alberto Vázquez Rodríguez, Kamil Sicinski, Dodd Willingham, Leo Vassershteyn, How long can a profile name be... this long... Wow, this is longer than I would have expected. Good lord, the letters! Secunda!, Michael Kürbis, Hugh Harris, David W., Will, Kheng Lai Tan, Andrey Kalganov, David Taylor, Scott Greenwood, Jane Walerud, Simon Sturmer, Zachary Demko, Michael Wolff, Steffen Lindner, Siegfried Eggl, PM, Jack Annear, michael, Jonathan Krailler, Franklin, Trevor, Marcel Roquette, Daniel Hall, Connor Costello, John D Tyler, Petronio Coelho, Kevin MacIntyre, Travis Thompson, Matthew Eggleston, Andrew Vinnichenko, Zachary Kasow, AZbytes, Johannes, Reuben Field, Nigel Pauli, Jacob, AB3, Sridev, Matt McKee, Norrawed Setthiwong, Victor T., Pedro Brito, Michael Salt, John C, Rimvydas, George Dusu, John Downie, Shivan, Caleb Adjokatse, Donald Wedington, Demo sthenes, Brenton Milne, Hayden van Reyswoud.

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Comments - 2421
  • @
    @EconomicsExplained9 months ago Thanks Morning Brew for my daily news briefing - sign up for free here: 145
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    @KokBisa9 months ago Hey ee! A fan here and a neighbor from indonesia. Been waiting for ee to talk about indonesia for years. And now, my life is complete. 1846
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    @MugroofAmeen9 months ago We have a saying here, always dissapoints. It dissapoints the optimists and the pessimists too. " our country never quite achieved massive economic growth like china or south korea, but also at the same time, our country never fell apart like yugoslavia or congo did. ...Expand 3567
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    @mynamejeb87439 months ago The eu attempt to sue indonesia over its decision to stop raw nickle export and manufacturing value adding nickle based product alone is an indicator that . ...Expand 336
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    @OLDMANTEA9 months ago Indonesia has immense potential but needs to tackle its corruption problem. The common person pays an invisible tax because of this. 926
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    @RayG6669 months ago As an aussie who visited bali a lot, i was really surprised to see the growth of indonesia especially compared to 15 years ago when i visited jakarta for . ...Expand 987
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    @PsychoSavager2899 months ago I first learned about indonesia when i was 6 years old and wanted more than anything to visit, though i live on the opposite side of the world. I finally . ...Expand 821
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    @colinquekking90339 months ago As a singapore citizen, it' s heartening to see good talk on indonesia. Personally i also wish for indonesia to prosper and do well in her growth. Thks ee for the additional info in this vid. 97
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    @kimyeonahchannel9 months ago I' m surprised you didn' t mention how bad the asian financial crisis affected indonesia. I' m honestly still confused on how it' s still in . ...Expand 859
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    @argeldelacruz48249 months ago From the philippines happy to see indonesia prosper visited many places their quite impress in development. 68
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    @inuld6 months ago As a halfwho grew up in switzerland and have been to indonesia every couple years since 1991 for vacation and visit relatives, seeing how my second home is changing always shock me to see. Even when i think about how my relatives life conditions were back in early 20s or hearing stories from 70s/80s compared to how their life look like in the 2020s is just amazing and im happy to see the growth of middle class and also many new rich people. I hope condition will also further change for the poorer part of indonesians which still have hard life and struggles every day. Also how many new projects all over indonesia are popping up is insane! It feels like every time when i go there, something has changed again (not always but most times) for the better. I think this era is comparable to the economic growth in europe after ww2 or even further back duringwhen european countries and big cities like berlin, london or paris (which were growing cities but with lot of pollution and dirty rivers, slums and big inequality) completely transformed and changed their whole face into what we know them today. So how will indonesia will be in like 20, 50 or 100 years? Im excited to see and hopefully i can witness some of the next decades. Terus melaju untuk indonesia maju!. ...Expand 39
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    @banban84819 months ago I am an engineering student in indonesia, and it is unbelievable how much money the government spend to grow its manufacturing industry. They literally . ...Expand 37
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    @deanos3609 months ago 2 weeks in east jawa was all i needed to see the massive potential of this places industrial capacity! 169
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    @VincentJonathanYong9 months ago Hi ee! I' m indonesian, as well as an avid listener of your channel, and i wanted to take the time to thank you for the extensive research done on our . ...Expand 740
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    @cobe20439 months ago Indonesia is a very beautiful country, the people are friendly and there are lots of delicious food. I' m sure indonesia will be more advanced. 81
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    @I.LikeCars9 months ago Were currently visiting indonesia for the first time as this video came out. We love it here and hope they continue to do well. Its a very beautiful place and the people are very warm and welcoming. 287
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    @YaoiMastah9 months ago I' ve been visiting indonesia practically once every 4 years, since 19. And every time i' m astounished (literally blown back) by all the progress this is the stuff i' ve heard from my grandparents and parents about the rebuilding and economic boom of post-war europe. But on " asia speed"
    one thing that comes to mind is that most indonesians still believe they' re a poor and backwards country from the days of the asian financial crisis, and vow to roll up their sleeves to strive to never go back to those days again. I had a discussion with a truckdriver in a truckstop in east java for instance. He started the familiar apologising for such a poor country. I asked him how much he earned in a month. His eyes went wide when i told him he made twice as much as the average truckdriver in russia
    .
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    @XxguardianxX9 months ago Also, in the last president election, when 2 rivals decided to join together build the country rather continue the rivalry have built even more political . ...Expand 305
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    @japhy49 months ago I' m not indonesian but iv lived here for over 15 years and consider it my home. I am really glad that you did a video on it. It can sometimes be hard . ...Expand 404
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    @ssrbgangimaribotan6thofthe129 months ago To be honest, the stability score is a little undervalued in my opinion. The indonesian economy is one of the most resilient economies in asia in the recent . ...Expand 333
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    @KejriwalBhakt9 months ago I still believe indonesia needs to diversify its economy. It has rich reserves of natural resources and this economic high rise is abundantly fuelled by lets hope for the best!
    love from
    .
    ...Expand
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    @bstoner13009 months ago Ive been calling indonesia as the next big jump forward country for a while now. Glad to see it in the headlines! 281
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    @chapelknight9519 months ago Indonesia is so cool. I want to travel the islands and meet the locals someday. 39
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    @haydo19909 months ago I wish indo the best, lovely people with a lovely country. I think bahasa should be taught in australian schools. 80
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    @MatthewHarrold9 months ago My three eldest kids (26, 24, and 20) learned indonesian as a part of tasmanian primary school education in the early 20' s, possibly as a local initiative, . ...Expand 201
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    @NgomonginUang9 months ago Big fan of ee from indonesia! We are local channel talking about economics and finance. Been waiting for this video for too long. Thank you, you guys are one of our inspiration. 35
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    @editorizal9 months ago Indonesia is already big player in terms of geopolitics, but not quite good in geoeconomics. Because the economy still based on natural resources, so there but thanks to the current govt plan to make indonesia level up to aeconomy where natural resources will only be processed in the country.
    in 2045 indonesia has a vision to becoming a high-income country. I hope this vision will be in your next content. Thanks
    .
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    @user-yl7qm3hl8k9 months ago Indonesia is a happy nation. People can build their dream home, you don' t have to spend a lot of money to live because everything is affordable here. . ...Expand 165
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    @vrushalidhongade57258 months ago I grew up in jakarta and i have immense love for this country and its people. The country' s greatest asset are the people and i feel like empowering . ...Expand 17
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    @bennyanthro48919 months ago Fascinating content. So much potential throughout asean. Wife is from philippines and comes from a hard working family, so i can see what her people can . ...Expand 32
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    @TheBlackLionTv9 months ago Indonesia.
    that' s my country finally economic explain makes video about indonesia.
    thank you so much. Keep good working and have nice day there man.
    peace.
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    @magivkmeister61669 months ago I' ve been waiting for this one for quite a while. Indonesia has massive untapped potential. 40
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    @williamutomo9 months ago Greetings from indonesia. I think the very essence to stable growth is, the political stability in indonesia, which has been the best ever in a long time. . ...Expand 57
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    @eduardoquirino81319 months ago Indonesians are hard working, seriously brave when faced against enemies, friendly with most countries and have a huge population with lots of resources. 4
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    @zake649 months ago Indonesia also needs to address its health issues. Going along with the air quality issues in jakarta, i read a report recently that said something like 70% of the indonesian population smokes-and many heavy at that. 49
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    @willzhong22297 months ago As a chinese, i totally agree idonesia will be next miracle. 6
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    @blabbergasted43809 months ago Truly enjoyable & informative. Rooting for indonesia. God bless. 9
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    @yashrao52699 months ago Great work indonesia, best wishes from india. 4
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    @DeusRP9 months ago Been a regular viewer & huge fan of ee for quite a long time now really ecstatic to see a video covering the economics of indonesia, my beloved c id="hidden28"ountry! Thanks for putting a-lot of effort into all your videos, especially this one!. ...Expand 6
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    @taruuu75199 months ago Indonesia is kinda a miracle because how big and diverse it is. I live in java my whole life so there' s a time where i took things as granted. But . ...Expand 35
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    @mazmurelvictory57559 months ago The incumbent president has laid a lot of good economic foundations for the future growth of indonesia.
    and here i am hoping that indonesians will i' m looking forward to indonesia becoming at least an upper-middle income country by 2045, and i' m still around to witness it. ...Expand
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    @yokartik9 months ago The recent military cooperation between turkey and indonesia will not only make the security of the island country cheaper, but will also increase the possibilities of joint production between the two countries. 69
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    @aforadorable60069 months ago I indonesia. From the philippines.
    i asean.
    7
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    @hankhillsnrrwurethra9 months ago I' m waiting on my indonesian made-to-order boots right now. My 60th birthday gift to myself. About the last ' rest of my life' thing i plan . ...Expand 9
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    @tah41539 months ago I am a vietnamese and though our country' s economy vision and orientation is different from indo, my country always consider indonesia a target to . ...Expand 275
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    @katarzynakapusta25259 months ago Waiting impatiently for the poland episode! With the flag we' re almost done; thanks for the awesome content! 15
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    @kemvillarico188 months ago Love indonesia brothers from philippine . 3
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    @Zacx2469 months ago Would be great to see the channel also focus on small island developing states in the caribbean like barbados, jamaica, trinidad and tobago etc. 54
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    @YamikaniKalinde9 months ago I didn' t knoweconomy is that big. Impressed. 18
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    @leewn23199 months ago Indonesia will do very well if it could: 1) replan & redevelop its urban / residential & commercial infrastructure for connectivity, roads, p id="hidden34"ublic transports, sanitation, storm water drainage, and against climate change especially rising sea levels, 2) rid corruption (3) improve education systems (4) improve health care. 5) improve employment (6) set up a good sovereign fund protected against corruption. ...Expand 100
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    @salex3549 months ago I have been waiting for this video for so long, and im so excited for what the future holds. I intend to enter politics and this channel has been such a great resource, thank you! 10
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    @chavezchavo9 months ago My indonesian colleague did tell me that at least the brits left my country quite a usable infrastructure like the law system, government structures and . ...Expand 77
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    @theindoboi9 months ago As an indonesian who has subscribed to your channel for more than a year, i' m glad that you have talked abouteconomy. Indeed indonesia has a huge potential of becoming an advanced economy however there are setbacks that indonesia needs to tackle. As of today we are in good era where the current president of indonesia, president joko widodo, is trying to push development mainly through infrastructure (such as building toll roads, seaports, airports etc. And education. However, because there are some corruptions from some of the politicians, it madedevelopment become delayed. Indonesia has a long trip ahead in order to become an advanced country and i hope that this disease of corruption in our country will stop. ...Expand 64
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    @thebestevertherewas9 months ago I have faith in indonesia
    i' ve seen that they' re hardworking, skilled and determined and can take a large share of the manufacturing shift and they have much less red tape than india
    (i' m an indian i should know)
    .
    ...Expand
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    @AllyAlliue9 months ago You got to do a video on the unusual situation of south africa an industrialized nation with shortage of energy and a growing unemployment problem. 26
  • @
    @benedictusneuro97199 months ago I' m have been waiting for this episode to be a thing for more than 3 years and so glad its finally here. 6
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    @bpcgos9 months ago Indonesian people are actually pretty self reliance, we are living in small community village knew each other well. I remember the village where i grown . ...Expand 3
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    @kartikoagung52808 months ago Wow, this channel really does research. Overall explanation about indonesia is on point. The colonialism, the pros and cons ofgrowth, its potential, its government. This is the most objective video ive ever seen. ...Expand 2
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    @gtbkts9 months ago Thanks for the awesome content and great videos! 2
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    @UltimacraftedArmy9 months ago Never expected my country to be covered here, pleasant surprise though! 8
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    @adicohen93099 months ago This is awesome explanation
    so today indonesia economy is a keynesianemployee based economy
    hopefully we are transforming into manufacturing economy.
    3
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    @tomkelly88279 months ago Well, you know as a canadian, i would say that our indonesian dream is not about going there to get rich. Indonesia is the destination once you have gotten . ...Expand 52
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    @amanchaudhary1019 months ago Indonesia' s economic growth is truly impressive, and its youthful demographic advantage positions it as a potential global economic powerhouse. While . ...Expand 12
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    @Hiarin9 months ago Regular viewer of ee from indonesia here, finally you talk about my country, thank you.
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    @Owlr4ider9 months ago Fun fact, indonesia is the only truly functioning democracy in the entire islamic world. Egypt' s and turkey' s democracies are still backed by the . ...Expand 140
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    @ahmedelnokrashi83249 months ago Still waiting for one about egypt.
    love your videos btw.
    8
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    @hamrairais92479 months ago I' ve been waiting for this video about my country! Its finally here! Thank you!
  • @
    @yosefernesto98669 months ago Finally, thank you for making content about indonesia!
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    @LennefalkStudios4 months ago Hugely inspirational, will be interesting to follow the development coming decades! Considering moving there after 10 years in north asia in china, hong kong and korea. 2
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    @marulich63379 months ago In 2045 indonesia we will have its 100th birthday and is predicted to get a demographic bonus because more people are in their productive age.
    however, and that' s why at the end young people in indonesia, to have apathetic to our politics and politician if they' re still like this. ...Expand
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    @damiendehorn63509 months ago This is going to be a multipolar world, with us, china, india, indonesia, brazil, mexico, germany, japan, russia etc being the main players. The slow shift . ...Expand 135
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    @alvina11509 months ago Amazing, well researched, good narrative video, im an enthusiastic indonesian econ student and i approve to alot of the infos. 1
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    @nickmwihia4419 months ago Have you done bangladesh?
    i' m from kenya and would want to learn how the world views our country economically too.
    11
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    @josephsukatendel46419 months ago Thank you so much! Been waiting for this for ages.
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    @tytoalba47949 months ago Yes! Finally! I' ve watched lot of your videos and waited for so long to hear your opinion about my country! I didnt expect you would rate our growth . ...Expand 26
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    @celleawesome19969 months ago Hello,
    i really like your videos. One thing that i especially missed here was how the climate crisis affects economic growth.
    that would thank you:. ...Expand
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    @javiburgos899 months ago It would be interesting to cover the economy and relationship of puerto rico. 16
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    @niklassjvar16359 months ago Indonesia has been consistently growing only impeded by the incompetence of the leaders, current state of the country owes itself to better governance great video pointing out facts and projections instead of just stating positive results one sidedly like most out there.
    all the best for indonesians
    .
    ...Expand
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    @defiance19 months ago Dragging out the last word of every sentence is triggering my ocd haha but love the content provided, keep it up! ~ You got yourself a new sub. 1
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    @rafazeppeli87789 months ago As an indonesian it' s a miracle this country didn' t end up like yugoslavia. 8
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    @timmartino72694 months ago Hi. Thank so much for showing this a video brew. Have a nice day.
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    @rhonsliner75289 months ago As an indonesian that has studied oversees in my opinion on why indonesian education is still lower even though there has been a lot of support for the . ...Expand 20
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    @user-jh5eu2dr3r5 months ago As indonesian i aint going anywhere waiting patiently for my country progressing that i can actually see not just feeling. Seing my beloved motherland became better and better now is totatty worth it waiting. 2
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    @keepingitreal4379 months ago Finally a video about indonesia
    been waiting for years man.
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    @yamiRic9 months ago Thank you for covering indonesia. Next year, indonesia will face a massive challenge because it is the end of term of our very popular government. id="hidden53" massive growth over past 20 years are mostly because of the trust to our government (only executive. Our legislative is very corrupt) and next year, if the new government failed to manifest the same trust, all the smart indonesian will stay away from the system.
    but we really enjoy the growth and political stability over these past 2 decades under sby government and jokowi' s government
    . ...Expand 7
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    @tonuka62578 months ago Hey, new to the channel. Loved the video, great intro. Am i right in assuming your videos are meant to be taken as podcasts? The video is mostly random . ...Expand 1
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    @pencurihati79309 months ago Syukur alhamdulillah semoga indonesia terus maju jaya aman makmur sejahtera rakyatnya. 4
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    @Surat2Gw-ng4fw9 months ago Very fair, great scoring consideration.
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    @adenugakolade2359 months ago Really great video as usual. I would really like you to do one on nigeria. Considering it is the largest and most populated economy in africa, but it still . ...Expand 5