Consulate General of Indonesia
1630 Alberni Street
Vancouver, BC V6G 1A6
phone: 604 682-8855 | email: cg.vancouver@mea.gov.in
itpcvancouver.org
Indonesia remains one of Asia’s resilient, mid-growth stories. Headline GDP growth is projected around the high-4s to ~5% as domestic demand, public investment and downstreaming in batteries/EV materials continue to anchor activity. Recent outlooks highlight steady medium-term growth, with policy attention on housing, infrastructure and attracting FDI via the sovereign wealth fund (INA).
Macro context: inflation has eased compared with earlier peaks, and authorities are managing FX/financial conditions while maintaining fiscal deficits below the 3% cap in budget planning. Parliament’s most recent budget framework targets 2026 growth of ~5.4% with a deficit near 2.7% of GDP, signalling continued consolidation alongside social and industrial programs.
Industrial policy: the Ministry of Investment (BKPM) reports record investment realization in 2024 (IDR 1,714T, +20.8% y/y), consistent with the push for value-added processing and supply-chain localization.
- Scale + demand: 270M+ consumers, rising middle class, and diversified sectors (manufacturing, services, digital). Official stats show Q1-2025 growth of ~4.9% y/y.
- Downstreaming & critical minerals: active build-out of EV/battery value chains and related infrastructure.
- Project pipeline: ongoing priority infrastructure and PPP opportunities curated by KPPIP; procurement plans visible via SIRUP/OpenTender.
- Clear entry paths: one-stop licensing through the OSS system; global investor onboarding via IIPC offices
Canada perspective: Opportunities in battery/EV materials and equipment, grid/renewables, ports/logistics tech, ag-inputs and food processing, tourism services, and digital/BPO. Use local partners and consult BKPM/IIPC early on project structuring.
Other Resources
Indonesian Economic Information
- World Bank — Indonesia Overview (growth, reforms)
- BPS — Statistics Indonesia (official data and press releases)
Want to Invest in Indonesia?
- Ministry of Investment/BKPM
- Online Single Submission (OSS) licensing portal
- Indonesia Investment Promotion Centre (IIPC)
Current Public Projects in Indonesia
- KPPIP – Priority infrastructure project list and agency info
- GI Hub Pipeline – Indonesia priority project pipeline
- Procurement planning (SIRUP) – access via Open Contracting guidance
Other Resources
