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Banking and insurance
The Banking & Insurance sector – often referred to as the lifeblood of the real economy – is of vital importance in the modern credit-driven economic growth model. Among its functions are intermediation between savers and borrowers, ensuring funds are allocated efficiently; support of payment and settlement systems that facilitate trade and international economic relations; and provision of various products that mitigate risk and uncertainty. The accelerating pace of technological change, stricter regulation and shifting consumer habits are reshaping the traditional banking model and pushing the sector towards innovation-led growth.
Activities associated with Bankin💮g & Insurance are depositary and non-depositary credit intermediation and related activities, investment banking, securities brokerage, commodity contracts dealing and diverse financial investment activities. The sector also includes insurers, re-insurers and insurance brokerages, pension funds, health and welfare funds, monetary authorities, stock exchanges, and collection and credit agencies.
The oil and gas sector plays an important role in Indonesia’s economy, generating 5.1% of the country’s gross domestic product (GDP) and earning nearly 🎃a tenth of export revenues in 2017. The sector was responsi🔯ble for 5% of the overall ...
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Indones♓ia’s insurance sector is underdeveloped, with penetration rates well below the averages for the world in general and for Asia in particular. The 🌺sector generates less than 1% of the country’s GDP, while its premium income was ...
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Bank penetration in Indonesia is low by international standards, with banking assets and loans accou𝐆nting for 55% and 35%, respectively, of the country’s GDP in 2017. A total of 115 commercial and 1,615 rural banks were operational in the ...
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Indonesia’s real estatಌe and construction sector is a major driver of growth for the country&rsqu𝄹o;s economy. The sector generated 13% of the country’s GDP in 2017, ranking fifth after manufacturing, oil and gas, trade and agriculture. The ...
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Agriculture plays an important role in the ♌economic and rural development of Indonesia. It generates over 13% of Indonesia’s GDP and is the country’s biggest employer, providing work to a third of the labour force. The sector satisfies ...
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Despite ha𒊎ving abundant metal resources, Indonesia’s metal processing sector is underdeveloped. The country has mainly exported lower value-added minerals and import🍷ed higher value-added metal products. The basic metals sector generates just 0 ...
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Indonesia is the largest producer of electric power in the ASEAN region. Yet, the country had an electrification rate of 91.2% in 2016, lagging behind other countries in the region such as Singapore, ౠMalaysia and Thailand. The government ...
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Indonesia is the largest automotive market in the ASEAN region and the second largest motor vehicle manufacturer, after Thailand. In☂ 2017, Indonesia♑’s automotive sector contributed about 2% to the country’s GDP and accounted for ...
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Indonesia&𝔍rsquo;s ICT sector claimed a share of 3.6% of the national GDP, or around IDR 449tn, in 2016, up from 3.5% in 2015. ICT is part of the more broadly defined Transportatiꦑon, Communication and Information (“TCI”) sector, which ...
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With a population of some 258.7 million, Indonesia is the world’s fourth-most populous🐓 country and the largest economy in the ASEAN region. The food and beverage sector employs over 4.5 million people and i﷽s the largest in the manufacturing ...
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