Investors around the world who are looking for new opportunities and emerging markets should be interested in hearing that Indonesia is growing financially and becoming a very attractive place for doing business. Home to 242 million people , Indonesia is the world’s fourth most populated country, and is showing growing financial stability; according to the Boston Consulting Group’s report which was released on March 6th of this year.
According to the report, “Indonesia is at the early stages of a period of strong economic growth, creating a wave of new middle class and affluent consumers that will grow in both size and purchasing power through 2020″ . The growth in size is estimated to be from 74 million to 141 million, making about 58% of the population middle class and above; a huge increase from now in 2013. On top of this data, according to a survey of Boston Consulting Group, 31% of the people in Indonesia feel financially secure; compared with China (14%), India (19%), Russia (15%) and Brazil (13%).
In addition to financial growth, Indonesia has enjoyed a relatively stable political climate in the recent years. The country being 86% Muslim, Indonesia has a political system that is secular and supports a constitutional democracy. A 2005 peace agreement and elections in 2006 led to a major cooling of the military tension that the country had experienced prior to the agreement.
Using unique data mining algorithms, Viral Technology examined the social media mentions related to investment in Indonesia over the past six months. The accompanying graph shows a stable upward sloping trend line, with recent, growing spikes. Another interesting graph shows Indonesia’s oil consumption. According to the U.S. Energy Information Administration, around 2004 Indonesia became an oil importer, showing yet another sign of the growing financial power of the country.
Viral Technologies tracks and measures unique leading indicators that foreshadow and forecast economic growth/decline on a National and Global level.