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Indonesia Facts And Figures- FAQs
In 2023, a new visa program was started in Indonesia. It allows foreign nationals to invest in the local economy, buy real estate, and open a bank account in the country.
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| Information Type | Indonesia Data |
|---|---|
| Population | 283,487,931 (Dec. 2024 est.) |
| Gross Domestic Product (GDP) | US$1.40 trillion (2024 est.) |
| GDP Per Capita | US$4,980 (2024 est.) |
| Inflation Rate | 2.48% (2024 est.) |
| Currency | Rupiah (IDR) |
| Exchange Rate Versus U.S. Dollar | 15,945 Indonesian rupiah (IDR) per 1 US dollar (Dec. 2024) |
| 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 | 11,436,000 (2024) |
| 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 |
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.
Plus, Revealed Inside Your Free Book: 12 Top Places Where You Can Live The Good Life From As Little As $1000 A Month…
Revealed Inside Your Free Book:
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Start Your New Overseas Life Today
A world full of fun, adventure, and profit awaits! Sign up for our free daily e-letter, Overseas Opportunity Letter, and we’ll send you a FREE report on the 10 Best Places To Retire In Style Overseas Today 2024
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