According to the 2017 World Bank’s ease of doing business index, Indonesia ranked 91 among 190 countries, rising 15 places compared to 2016.
In the World Bank’s latest report on Indonesia’s economy, World Bank (Indonesia) chief economist pointed out that the country’s economy is improving. The report shows improvement in spending, investment, and exports. Growth in 2017 and 2018 have reached 5.1% and 5.3% respectively.
Before 1 January 2018, International rating bodies adjusted Indonesia’s sovereign debt rating to BBB, which means “stable”.
The market also predicts that Indonesia will receive as much as 62 billion USD worth of investment, further stimulating the economy.
All data and statistics show a great future for Indonesia. With conditions so conducive for foreign investments plus the excellent leadership of Monspace Indonesia, the local office has expanded from a small space in 2016 to its new location now in the premium business district in 2018. It now has its own building, allowing more talents to join the family, and expand in the Indonesian market.