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    Indonesia Facts And Figures

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    Indonesia Facts And Figures

    Reviewed by Kathleen Peddicord

    Kathleen is the Live and Invest Overseas Founding Publisher. She has more than 30 years of hands-on experience traveling, living, and buying property around the world.


    Stone statues at an Indonesian temple
     
    Information Type Indonesia Data
    Population 273,523,615 (June 2020 est.)
    Gross Domestic Product (GDP) US$1.55 trillion (2020 est.)
    GDP Per Capita US$4,600 (2020 est.)
    Inflation Rate 2.87% (2020est.)
    Currency Rupiah (IDR)
    Exchange Rate Versus U.S. Dollar 14,060 Indonesian rupiah (IDR) per 1 US dollar (June 2020)
    Language Bahasa Indonesia (official, modified form of Malay), English, Dutch, local dialects (of which the most widely spoken is Javanese)
    Capital Jakarta
    Population of Capital City 10,770,487 (2020)
    Time Zone UTC+7 (12 hours ahead of Washington, DC during Standard Time)note: Indonesia is divided into three time zones
    Seasons tropical; hot, humid; more moderate in highlands
    International Dialing Code 62
    Electricity 127/230 V*, 50 Hz
    System of Government Presidential Republic
    Name and Party Affiliation of Current Leader President Joko Widodo (Since October 2014)
    Income Tax Rate for Residents 5%-30%
    Property Tax 0.5% of the value of the property, higher rates apply to certain high value housing and large estates.
    Capital Gains Tax 5%
    Inheritance Tax No
    Rental Income Tax No
    Transfer Tax Applies to financial transaction depending on the amount of the transaction
    Sales Tax 10%
    Restrictions on Foreign Ownership of Property It is against the law for foreigners to own freehold land. However, foreigners can also purchase condominiums, as long as they don’t own the land on which the condo stands.
    Local Chamber of Commerce
    American Chamber of Commerce
    Primary Exports Firstly, oil and gas, electrical appliances, plywood, textiles, rubber
    Residency and Visa Requirements An Indonesia visa is necessary for all U.S. citizens who plan to visit the country. Most importantly, Indonesia has several different visas categorized as Visit Visas. So, you can either apply for a visa to Indonesia yourself or you can contract a private travel document expediter.
    Special Benefits for Foreign Residents or Retirees No
    National Airline Garuda

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