With a population of 275 million in Indonesia, the growth rate of the population is growing and the structure is young, with the population aged 65 and above accounting for less than 7%. The working age approximately accounts for 67% of the population, and the level of people’s education has gradually improved. Overall, the rising demographic dividend has made it relatively easy for local manufacturing companies to recruit workers. The country is also moving towards industrialization, coupled with its unique natural resources, which are dividends and advantages for investors. It can be said that Indonesia’s labor resources are very rich.
There are many ethnic groups in Indonesia, with more than 100 ethnic groups, diverse religions, and high penetration rates of English and Chinese. It is not difficult to recruit ordinary workers. “In the current environment, many companies have closed down, and the demand for employment is high. The turnover rate of workers is within 10%, because young employees need to have better development opportunities and may change careers or choose other companies.” Labor costs account for 10%–20% of the total cost, which is low as a whole. The average worker’s monthly salary is between 160 and 200 U.S. dollars.
Indonesia is also the country with the largest Muslim population in the world. Both China and the United States want to win her over. This is also an advantage for her international trade.
Indonesia is a member of Southeast Asia. At present, the entire Southeast Asia has excellent endowments from the perspective of the comprehensive investment environment.
- With a population of more than 275 million, the number of middle classes is growing, and the market potential is huge；
- Rapid economic growth, social progress, and overall political stability；
- The level of regional economic integration continues to improve, and consumption and trade in the region are growing rapidly;
- It has good resources and industrial endowments, and labor prices are low, from low–cost manufacturing to the field of biotechnology.；
- The demand for infrastructure and digital economic growth is huge, and investment in the banking, manufacturing, transportation and communications sectors is increasing.
The number of middle–class people is growing and the market potential is huge; Indonesia has the highest proportion of GDP in Southeast Asia, accounting for about 38%, and the proportion of transportation, warehousing and communications industries is showing a gradual expansion trend.
