60% of Indonesia's Consumption is Domestic
From the BBC:
However, analysts said that Indonesia has benefited from the fact that a huge part of its growth is driven by domestic consumption.
“Indonesia is one of the least exposed economies in the region, with a vast domestic market and a relatively small share of exports to gross domestic product, so it is insulated from volatility in the global economy,” said George Worthington of IFR.
Domestic consumption accounts for nearly 60% of Indonesia’s economy.
Businesses should take notice.
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