Indonesia is today a country with 255 million people spread across an archipelago of 17 500 islands. The rapidly increasing spending power, the tech-savvy population and Indonesia´s massive public investments create great business opportunities for Swedish companies within a wide range of industries. Since Ericsson first came to Indonesia in 1907, many other Swedish companies have followed. Today, around 80 companies with ties to Sweden are active in Indonesia – and many are exploring this exciting and important market. In addition, there are a large number of Indonesian companies and partners which also represent Swedish products and technologies.
Key country facts:
- 255 million inhabitants, #4 worldwide
- The Indonesian economy is expected to grow to become the 7th largest by 2030
- By 2030, 135 million will have joined the consuming class, more than any emerging nation except China and India.
- Private consumption accounts for about 60 percent of GDP, one of the main reasons why many foreign companies enter and expand their businesses in Indonesia.
- 50 percent of the population is below 30 years old
Business Sweden supports with several services on the Indonesian market such as market analyses, partner selection, and counselling and strategy development for entering the market. In order to facilitate establishment we also offer turn-key solutions such as office space, assistance with recruiting, accounting and administration.
Indonesian business culture is relationship oriented and the contact network is crucial to build trust and do business here. Business Sweden staff has far-reaching connections both within the public and private sector. In parallel, the Team Sweden brand and Swedish Embassy connections play an important role and open many doors in our daily work. The bureaucracy is one of the main challenges that Swedish companies face in Indonesia and many of the administrative processes are more time consuming than in other countries. With our experience on the market, we’re able to facilitate many of these thresholds.
Do not hesitate to contact us to talk about Indonesia as a potential market for your company and how Business Sweden can assist you to further investigate the market potential, entry strategies and/or how to develop existing business.