Economy

ECONOMY OF INDONESIA

In the 1990’s, Indonesia’s economy experienced a set-back as a consequence of the economy crisis that hit most Asian countries. However, the economy is now relatively stable.

Indonesia has abundant natural resources outside Java including crude oil, natural gas, tin, copper and gold. Despite being the second largest exporter of natural gas, Indonesia recently has become a net importer of crude oil. The agriculture products of Indonesia include rice, tea, coffee, spices and rubber.

The major trade partners of Indonesia are Japan, the United States of America and neighboring countries namely Malaysia, Singapore and Australia. Although Indonesia is rich in natural and human resources, the country is still facing crucial issues of poverty that mainly is caused by the wide-spread corruption in the government.

The Central Bank is Bank Indonesia.