This update contains data on FDI trends for OECD and G20 countries up to Q3 2017. USD 788 billion in the first half of 2017 compared foreign investment in indonesia 2017 the second half of 2016.
International trade and FDI are the main defining features and key drivers of global value chains. For the first time ever, these statistical notes for OECD countries provide evidence on the role played by investment in global value chains. 58 countries, including all OECD and G20 countries, and covers 22 sectors. The new FDI statistics database covering FDI statistics from 2014 onwards went online in March 2015. Explaining the new features in BMD4: More information on how BMD4 impacts our compilation of FDI statistics. With 189 member countries, staff from more 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. The World Bank Group works in every major area of development.
We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. We face big challenges to help the world’s poorest people and ensure that everyone sees benefits from economic growth. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. JAKARTA, December 14, 2017 — The Indonesian economy continued to expand at a solid pace during the third quarter of 2017 helped by commodity tailwinds and stronger domestic and external demand, according to the World Bank’s December 2017 Indonesia Economic Quarterly. Real GDP growth increased from 5.
0 percent in the second quarter to 5. 1 percent in the third quarter of 2017. Investment growth rose to its highest level in more than four years and foreign direct investment recorded the largest net inflow in more than seven years. Export and import volumes registered double-digit growth for the first time since 2012. Chaves, World Bank Country Director in Indonesia.
There are also signs that private consumption has started to recover. Sales of consumer durables such as car and motorcycles rebounded, with the latter jumping double-digits in the third quarter after three years of consecutive contractions. Real GDP growth is projected at 5. 1 percent for 2017, accelerating to 5. 3 percent in 2018 driven by continued strong investment growth, further recovery in consumption, and an increase in government spending. Effective government spending is also crucial to economic development. More than half of total government spending across all levels of government in Indonesia is conducted by sub-national governments, with 38 percent managed by district governments and 15 percent by provinces.
Decentralization has increased opportunities for local solutions to local problems. Access to services has improved over the past 15 years of greater decentralization, but service delivery outcomes vary widely among local governments. The report, titled Decentralization that delivers, examines the wide-ranging performance of local governments and identifies mechanisms to help local governments perform better. The launch of the December 2017 Indonesia Economic Quarterly is part of Voyage to Indonesia, a series of events leading up to the 2018 IMF-World Bank Annual Meetings in Bali. The Australian Department of Foreign Affairs and Trade supports the publication of the report. The World Bank Group, All Rights Reserved.
After the jailing of Jakarta’s former governor, Chinese Indonesians are caught between age-old prejudice and fears of a rising China. JAKARTA — Nearly two decades after anti-Chinese riots tore through this part of Indonesia’s capital, one busy road still bears the scars. Amid the clamor of heat and traffic of Glodok, Jakarta’s Chinatown, a row of shop-houses lies abandoned, an octagonal feng shui tile still attached to a bricked-up window. A nearby three-story building stands in ruins: a former furniture store destroyed during the rioting. Iskandar, 60, a street-side portrait painter who stores uses the space to store his wares.