onsulate(s) general: Surabaya

Flag description: two equal horizontal bands of red (top) and white;
similar to the flag of Monaco, which is shorter; also similar to the
flag of Poland, which is white (top) and red

Economy

Economy - overview: Indonesia's sound macroeconomic management,
combined with an emphasis on rapid deregulation and encouragement of
private investment resulted in real GDP growth in 1991-96 averaging
about 7%. This was impressive, but not sufficient to cut
underemployment while absorbing the 2.3 million workers annually
entering the labor force. Foreign investment has boosted manufacturing
output and exports in recent years. The economy's growth is driven by
continuing expansion of nonoil exports. Plantation crops - rubber and
palm oil - and textiles and plywood are being encouraged for both
export and job generation. Industrial output is based on diverse
natural resources, including crude oil, natural gas, timber, metals,
and coal. Japan remains Indonesia's most important customer and
supplier of aid. Growth in 1996 was led by industry, transport, and
tourism. Strong growth should continue in 1997 assuming no sharp rise
in political uncertainty.

GDP: purchasing power parity - $779.7 billion (1996 est.)

GDP - real growth rate: 7% (1996 est.)

GDP - per capita: purchasing power parity - $3,770 (1996 est.)

GDP - composition by sector:
agriculture : 17%
industry: 42%
services: 41% (1995 est.)

Inflation rate - consumer price index: 7% (1996 est.)

Labor force:
total: 67 million
by occupation: agriculture 55%, manufacturing 10%, construction 4%,
transport and communications 3%, other 28% (1985 est.)

Unemployment rate: 3% official rate; underemployment 40% (1994 est.)

Budget:
revenues: $41.5 billion
expenditures: $41.5 billion, including capital expenditures of $16
billion (FY97/98 est.)

Industries: petroleum and natural gas, textiles, mining, cement,
chemical fertilizers, plywood, food, rubber; tourism

Industrial production growth rate: 13.9% (1995 est.)

Electricity - capacity: 16.27 million kW (1994)

Electricity - production: 58.31 billion kWh (1994)

Electricity - consumption per capita: 276 kWh (1995 est.)

Agriculture - products: rice, cassava (tapioca), peanuts, rubber,
cocoa, coffee, palm oil, copra, other tropical products; poultry,
beef, pork, eggs

Exports:
total value: $49.8 billion (f.o.b., 1996)
commodities: manufactures 51.9%, fuels 26.4%, foodstuffs 12