Information about Asia and the Pacific Asia y el Pacífico
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Indonesia

Author(s):
International Monetary Fund
Published Date:
October 2000
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Table 1.Indonesia: Developments in Gross Domestic Product by Sector of Origin and by Expenditure, 1994–99 1/
199419951996199719981999
(Annual percentage change; in constant 1993 prices)
GDP7.58.27.84.7−13.00.3
Oil/gas GDP3.3−1.44.9−1.6−0.5−1.7
Non-oil/gas GDP8.09.28.25.2−14.10.5
Gross national product8.77.87.94.1−16.52.0
Gross domestic product by sector of origin:
Agriculture0.64.43.11.0−0.72.1
Mining and quarrying5.66.76.32.1−2.8−1.7
Manufacturing 2/12.410.911.65.3−11.42.6
Utilities12.515.913.612.42.68.2
Construction14.912.912.87.4−36.5−1.6
Trade, hotels, and restaurants7.67.98.25.8−18.0−0.4
Transport and communications8.38.58.77.0−15.1−0.7
Banks and finance10.213.64.35.7−34.0−11.8
Dwellings and real estate4.05.55.85.0−19.9−6.0
Other services2.84.64.64.3−5.81.2
By expenditure
Domestic demand10.011.87.66.8−17.3−2.5
Consumption7.111.18.97.0−7.23.4
Private7.812.69.77.8−6.33.7
Public2.31.32.70.1−15.40.7
Investment16.713.14.96.3−44.8−13.6
Fixed capital investment13.814.014.58.6−33.0−20.0
Stocks 3/40.76.9−63.0−43.1−263.520.9
Net export−72.5−452.0−0.796.8−112.4488.6
Exports of goods and nonfactor services9.97.77.67.811.2−31.6
Imports of goods and nonfactor services20.320.96.914.7−5.3−40.7
(Percentage contribution to GDP growth)
Domestic demand9.711.77.86.9−18.0−2.5
Consumption4.87.56.24.9−5.22.6
Private4.67.45.94.9−4.02.5
Public0.20.10.20.0−1.10.1
Investment16.04.21.72.1−14.8−2.9
Fixed capital investment3.63.94.32.7−10.7−5.0
Stocks 3/1.30.3−2.6−0.6−2.0−0.3
Net export−2.2−3.50.0−2.24.83.0
Exports of goods and nonfactor services2.72.12.12.13.1−11.3
Imports of goods and nonfactor services−4.85.62.04.3−1.7−14.3
Source: Data provided by the Indonesian authorities.

Reflects revised national accounts statistics based on 1993 prices and 1990 Input-Output Tables.

Excludes oil refining and gas processing.

Residual.

Source: Data provided by the Indonesian authorities.

Reflects revised national accounts statistics based on 1993 prices and 1990 Input-Output Tables.

Excludes oil refining and gas processing.

Residual.

Table 2.Indonesia: Gross Domestic Product by Sector of Origin at Current Market Prices, 1994–99 1/
199419951996199719981999
(In billions of rupiah)
Agriculture66,07177,89788,792101,009173,913218,044
Farm food crops34,94142,20047,62252,18991,001113,185
Nonfood crops10,58712,66714,43516,44734,81842,093
Livestock7,1028,0799,52411,68815,95823,628
Forestry6,8977,3908,1709,80711,87013,507
Fishery6,5447,5619,04110,87820,26625,631
Mining and quarrying33,50740,19546,08855,562133,353112,638
Oil/gas mining23,07025,41028,11834,03779,42371,049
Other10,43714,78517,97021,52553,93041,589
Manufacturing89,241109,689136,426168,179238,064284,804
Oil/gas processing refining10,43911,39914,19415,62232,33933,499
Other 2/78,80298,290122,232152,557205,725251,305
Utilities4,5775,6556,8937,83511,23513,369
Construction28,01734,45242,02546,67961,75673,418
Trade, hotels, and restaurants63,85975,64087,13799,582167,244183,627
Transport and communications27,35330,79534,92638,53151,93766,077
Transport23,19125,47729,24731,49841,83751,831
Communications4,1625,3185,6807,03310,10014,246
Banks and finance17,81820,85221,85325,20531,82630,840
Dwellings and real estate11,23911,89913,64817,71523,14024,258
Other services40,53947,44154,77967,40297,144112,367
Government22,75526,55529,75332,12840,64156,745
Other 3/17,78420,88625,02635,27456,50355,622
GDP382,220454,515532,568627,696989,6111,119,442
Oil/gas 4/33,50936,80942,31349,659111,762104,548
Non-oil/gas348,711417,706490,255578,037877,8491,014,894
(Share of GDP in current prices)
Agriculture17.317.116.716.117.619.5
Mining and quarrying8.88.88.78.913.510.1
Manufacturing23.324.125.626.824.125.4
Utilities1.21.21.31.21.11.2
Construction7.37.67.97.46.26.6
Trade, hotels, and restaurants16.716.616.415.916.916.4
Transport and communications7.26.86.66.15.25.9
Banks and finance4.74.64,14.03.22.8
Dwellings and real estate2.92.62.62.82.32.2
Services10.610.410.310.79.810.0
Source: Data provided by the Indonesian authorities.

Reflects revised national accounts statistics based on 1993 prices and 1990 Input-Output Tables.

Includes textiles, consumer goods, steel, fertilizers, and chemicals.

Includes business services.

Comprises oil and natural gas mining, oil refining, and gas processing.

Source: Data provided by the Indonesian authorities.

Reflects revised national accounts statistics based on 1993 prices and 1990 Input-Output Tables.

Includes textiles, consumer goods, steel, fertilizers, and chemicals.

Includes business services.

Comprises oil and natural gas mining, oil refining, and gas processing.

Table 3.Indonesia: Gross Domestic Product by Sector of Origin at Constant 1993 Prices, 1994–99 1/(In billions of rupiah)
199419951996199719981999
Agriculture59,29261,88563,82864,46864,02965,362
Farm food crops31,40832,95233,64732,68833,18633,769
Nonfood crops9,4729,91210,35510,49711,23511,464
Livestock6,4516,7897,1337,4836,4606,869
Forestry6,3016,3046,4447,1906,6316,125
Fishery5,6605,9286,2496,6106,5177,135
Mining and quarrying33,26235,50237,73938,53937,47336,832
Oil/gas mining23,72023,72024,06323,92023,34022,146
Other9,54211,78213,67714,61914,13314,686
Manufacturing82,64991,637102,260107,63095,32097,786
Oil/gas processing refining10,2699,78210,86410,65011,04211,666
Other2/72,38081,85591,39696,98084,27886,120
Utilities3,7034,2924,8775,4805,6236,085
Construction25,85829,19832,92435,34622,46022,094
Trade, hotels, and restaurants59,50464,23169,47573,52460,25759,998
Transport and communications25,18927,32929,70131,78326,97526,782
Transport21,40022,93224,44525,60920,50419,801
Communications3,7894,3975,2576,1746,4716,981
Banks and finance15,94518,10918,88719,95613,17311,614
Dwellings and real estate10,08710,64311,26611,8269,4768,906
Other services39,15540,96742,84144,69742,10642,594
Government22,75223,04623,33823,61721,88822,251
Other 3/16,40317,92119,50321,08020,21820,343
GDP354,641383,793414,021433,246376,892378,052
Oil/gas 4/33,98933,50335,15034,57034,38233,812
Non-oil/gas320,652350,290378,871398,676342,510344,240
Source; Data provided by the Indonesian authorities.

Reflects revised national accounts statistics based on 1993 prices and 1990 Input-Output Tables.

Includes textiles, consumer goods, steel, fertilizers, and chemicals.

Includes business services.

Comprises oil and natural gas mining, oil refining, and gas processing.

Source; Data provided by the Indonesian authorities.

Reflects revised national accounts statistics based on 1993 prices and 1990 Input-Output Tables.

Includes textiles, consumer goods, steel, fertilizers, and chemicals.

Includes business services.

Comprises oil and natural gas mining, oil refining, and gas processing.

Table 4.Indonesia: Expenditureon Gross Domestic Product, 1994–99 1/
199419951996199719981999
(In constant 1993 prices)
Domestic demand351,930393,335423,269451,885374,587364,475
Consumption238,505265,096288,698308,817286,447296,195
Private208,062234,245257,016277,116259,619269,181
Public30,44330,85131,68131,70126,82827,014
Investment113,425128,239134,572143,06888,14068,280
Fixed capital98,589112,386128,699139,72693,60574,887
Change in stocks14,83615,8535,8733,342−5,465−6,607
Net export2,711−9,543−9,471−18,6382,30613,578
Exports of goods and nonfiictor services97,002104,492112,391121,158134,70792,124
Imports of goods and nonfactor services94,291114,035121,863139,796132,40178,546
Gross domestic product354,641383,792413,798433,247376,893378,053
Gross national product344,911371,868401,311417,783348,927355,906
(In current prices)
Domestic demand377,841460,578535,847629,424896,4251,030,536
Consumption259,133315,460372,394430,123698,955884,312
Private228,119279,876332,094387,171644,539811,681
Public31,01435,58440,29942,95254,41672,631
Investment118,708145,118163,453199,301197,470146,224
Fixed capital105,381129,218157,653177,686243,043237,664
Change in stocks13,32715,9005,80021,615−45,573−91,440
Net export4,379−6,064−3,279−1,72993,18788,906
Exports of goods and nonfactor services101,332119,593137,533174,871506,245390,560
Imports of goods and nonfactor services96,953125,657140,812176,600413,058301,654
Gross domestic product382,220454,514532,568627,695989,6121,119,442
Gross national product371,971441,148518,296609,340935,7181,040,545
(Share of GDP in current prices)
Domestic demand98.9101.3100.6100.390.692.1
Consumption67.869.469.968.570.679.0
Private59.761.662.461.765.172.5
Public8.17.87.66.85.56.5
Investment31.131.930.731.820.013.1
Fixed capital27.628.429.628.324.621.2
Change in stocks3.53.51.13.4−4.6−8.2
Net export1.1−1.3−0.6−0.39.47.9
Exports of goods and nonfactor services26.526.325.827.951.234.9
Imports of goods and nonfactor services25.427.626.428.141.726.9
Gross domestic product100.0100.0100.0100.0100.0100.0
Source: Data provided by the Indonesian authorities.

Reflects revised national accounts statistics based on 1993 prices and 1990 Input-Output Tables.

Source: Data provided by the Indonesian authorities.

Reflects revised national accounts statistics based on 1993 prices and 1990 Input-Output Tables.

Table 5.Indonesia: Agricultural Production, 1994–99
199419951996199719981999
(In thousands of metric tons; unless otherwise noted)
Farm food crops
Rice30,31732,33433,21732,09532,00431,918
Corn6,8698,2469,3078,77110,0599,182
Cassava15,72915,44117,00215,13414,72815,741
Sweet potatoes1,8452,1712,0181,8471,9281,630
Peanuts (shelled)632760738688691643
Soybeans (shelled)1,5651,6801,5171,3571,3061,310
Nonfood and estate crops
Rubber1,4991,5731,5741,5531,5481,564
Palm oil4,0084,4804,8985,3805,0065,659
Palm kernels7979421,0841,2291,1751,245
Coffee450458459429396404
Tea139155169154157160
Sugar2,4542,0602,0942,1921,4922,454
Copra2,6492,7042,7612,7042,7092,718
Tobacco130140151210137138
Pepper546052475052
Nutmeg1919191918
Cloves789060595958
Fisheries4,8805,2355,5374,5814,8374,970
Saltwater3,9804,2644(5203,4823,8373,950
Freshwater9009711,0171,0991,0001,020
Forestry (’000 cubic meters)24,02724,85026,06929,52015,97511,184
Meat and dairy
Meat1,4931,5071,6321,5591,2281,322
Eggs689736780761530546
Milk (millions of liters)427433441424375384
(Area cultivated, in thousands of hectares)
Rice10,07210,70710,05511,14411,76611,865
Corn3,1093,6523,7383,3613,7963,439
Cassava1,3571,3241,4141,2401,2071,345
Sweet potatoes197229212194198168
Peanuts643739697625652612
Soybeans1,4071,4771,2741,1211,0971,139
(Yield in metric tons/hectare)
Rice3.013.023.322.882.722.69
Corn2.212.262.492.612.652.67
Cassava11.5911.6612.0212.2012.2011.70
Sweet potatoes9.369.499.539.509.709.70
Peanuts (shelled)0.981.031.071.101.061.05
Soybeans (shelled)1.111.141.191.211.191.15
Source: Data provided by the Indonesian authorities.
Source: Data provided by the Indonesian authorities.
Table 6.Indonesia: Indices of Non-Oil/Gas Manufacturing Production, 1994–99 1/(1993=100)
199419951996199719981999
Total117.6130.5139.1157.4136.4161.9
Consumer goods
Kretek cigarettes117.2120.5109.7109.772.3120.0
White cigarettesU8.0119.8152.5141.1181.9170.5
Milk and butter132.3156.6228.1262.992.274.5
Cloth105.5124.0135.4152.6144.2151.5
Yam100.9114.7127.5126.9117.2120.0
Batik141.8140.5190.7236.9149.294.2
Knitwear155.1135.5137.8108.594.2103.5
Footwear95.688.096.187.050.158.1
Radios and television sets109.5110.0139.9171.2107.5138.4
Batteries104.5115.6104.5191.9142.953.3
Cooking oil117.6148.4192.2210.4175.5118.5
Intermediate goods
Group A
Fertilizer108.698.289.482.086.786.6
Basic chemicals108.6144.9131.3139.6187.6160.1
Paper100.7115.6146.0166.591.284.8
Plastics104.487.579.566.867.789.5
Rubber98.9106.3114.2110.2118.6126.3
Group B
Cement134.4165.8177.8196.7137.5158.6
Structural metal products171.7310.2212,9108.4160.7248.8
Iron and basic steel110.586.576.180.079.3101.2
Paint101.693.8104.1118.5111.892.6
Glass118.6144.6136.6157.1150.4100.3
Plywood104.5103.490.087.378.968.2
Other wood100.0104.068.058.362.156.7
Electrical goods111.3117.7106.3132.2131.4
Transportation equipment
Motor vehicles153.8131.0138.9253.972.343.8
Motorcycles72.977.287.394.334.131.3
Tires89.892.397.396.277.0106.3
Source: Data provided by the Indonesian authorities.

Covering large- and medium-sized industries, accounting for about 80 percent of total manufacturing production, of which about 70 percent is shown in the table.

Source: Data provided by the Indonesian authorities.

Covering large- and medium-sized industries, accounting for about 80 percent of total manufacturing production, of which about 70 percent is shown in the table.

Table 7.Indonesia: Production, Domestic Use, and Exports of Petroleum, 1994–99(In millions of barrels; unless otherwise noted)
199419951996199719981999
Production585.4586.2548.6543,8568.2547.4
Pertamina23.520.837,639.045.846.2
Contract-of-work companies0.00.00.00.00.00.0
Production-sharing companies564.9565.4511.0504.8522.3501.2
Total production by commodity588.4586.2548.6543.8568.2547.4
Crude523.6524.5485.5484.4511.5493.0
Condensates 1/64.861.763.159.456.754.4
Average production per day 2/1.61.61.51.51.61.5
Crude1.41.41.31.31.41.4
Condensates0.20.20.20.20.20.1
Domestic consumption of fuel257.0269.0293.0316.6303.1319.5
Percentage change3.34.78.98.140.55.0
As percent of total production43.745.953.458.253.458.4
Domestic refining303.2336.1341.6338.6343.6348.0
Total exports415.6367.8361.0375.2340.3336.2
Crude and condensates324.0297.0283.7287.9280.4279.7
Refined products 3/91.670.877.387.360.056.5
Memorandum items:
Average domestic prices in rupiah per liter
Gasoline700.0700.0700.0700.01,000.01,000.0
Diesel380.0380.0380.0380.0550.0550.0
Kerosene280.0280.0280.0280.0280.0280.0
Average domestic prices in U.S. dollars per gallon
Gasoline1.21.21.10.60.50.5
Diesel0.70.60.60.30.30.3
Kerosene0.50.50.50.20.10.1
Source: Data provided by the Indonesian authorities.

Natural gas condensates.

Million barrels per day.

Includes liquified petroleum gas.

Source: Data provided by the Indonesian authorities.

Natural gas condensates.

Million barrels per day.

Includes liquified petroleum gas.

Table 8.Indonesia: Production and Use of Natural Gas, 1994–98 1/ (In billions of cubic feet; unless otherwise noted)
19941995199619971998
Production2,9422,9993,1643,1662,979
Percentage change112606
Pertamina/Lemigas242287327340337
Contract of work00000
Production sharing2,6362,6702,8212,8262,641
Use2,7552,8352,9882,9602,803
Percent of production93.694.594.493.594.0
Own use594658701612490
Fuel114140151158152
Gas lift129157159158175
Gas injection351361391296162
Sale430509557568529
Pusri fertilizer plants197208222226221
PGN Cirebon city gas11111
Cilamaya2/820000
Small industry150300334341307
Delivered1,7311,6681,7311,7791,784
Refineries3534374049
LNG exports1,6641,5931,6611,7141,718
LPG/LEX plant3241332517
Flared182164176188176
Percent of production65666
Source: Data provided by the Indonesian authorities.

Components may not add to totals owing to rounding.

Mainly for industrial use (fertilizer, steel, and cement industries); also includes some home distribution in Jakarta and Bogor.

Source: Data provided by the Indonesian authorities.

Components may not add to totals owing to rounding.

Mainly for industrial use (fertilizer, steel, and cement industries); also includes some home distribution in Jakarta and Bogor.

Table 9.Indonesia: Indicators of Oil Exploration and Development Activity, 1994–99
199419951996199719981999 1/
BudgetActualBudgetActualBudgetActualBudgetActualBudgetActualBudgetActual
(Seismic activity (km))
Total44,4278,25481,12498,445180,71388,550345,943393,934313,781313,09700
Pertamina01,30501,7958007885764861,51450800
Contracts of work000000000000
Production-sharing contracts44,4276,94981,12496,650179,91387,762345,367393,448312,267312,58900
Onshore7,9703,04119,7549,22339,19921,94043,04626,59088,07527,55500
Offshore36,4573,90861,37087,427140,71465,822302,321366,858224,192285,03400
(Exploration wells drilled)
Total1271601098016410018410220613413681
Pertamina079891515141414400
Contracts of work000000000000
Production-sharing contracts1277110171149851708819213013681
Onshore583436285141703481619960
Off chore69376543984410054111693721
(Petroleum company expenditures; in millions of U.S. dollars) 2/
Total4,1363,3573,7353,0583,8223,4763,8894,4955,1504,5074,1293,715
Exploration and development2,3001,6861,2649251,3191,0971,6041,6382,4422,2651,2321,027
Production1,4191,3012,0861,7492,1231,9841,9522,4342,0631,6422,4612,249
Administrative417370385384380395343423645600436439
Source: Data provided by the Indonesian authorities.

Preliminary figures from BPPKA-Pertamina.

Excludes Pertamina. Spending on exploration and production facilities by production-sharing contractors is technically indirect foreign investment, since Pertamina assumes title to all equipment when it enters Indonesia; the contractor, however, possesses contractual rights to beneficial use.

Source: Data provided by the Indonesian authorities.

Preliminary figures from BPPKA-Pertamina.

Excludes Pertamina. Spending on exploration and production facilities by production-sharing contractors is technically indirect foreign investment, since Pertamina assumes title to all equipment when it enters Indonesia; the contractor, however, possesses contractual rights to beneficial use.

Table 10.Indonesia: Non-Oil/Gas Mining Production, 1995–99
19951996199719981999
(In thousands of metric tons)
Tin38.451.055.254.047.8
Copper1,516.61,758.91,817.82,640.02,645.1
Nickel ore2,513.43,426.92,829.93,223.23,235.0
Bauxite899.0842.0808.71,055.51,116.3
Coal41,422.050,332.054,608.460,320.964,602.0
Iron sand concentrate348.4425.1487.3560.5562.3
Gold62.883.689.9124.0129.0
Silver265.2255.4279.1348.9292.3
(Percentage change)
Tin25.532.88.2−2.2−11.5
Copper42.316.03.345.20.2
Nickel ore8.736.3−17.413.90.4
Bauxite−33.0−6.3−4.030.55.8
Coal33.621.58.510.57.1
Iron sand concentrate4.022.014.615.00.3
Gold47.833.17.537.94.0
Silver147.9−3.79.325,0−16.2
Source: Data provided by the Indonesian authorities.
Source: Data provided by the Indonesian authorities.
Table 11.Indonesia: Domestic Rice Prices, 1994–2000(In rupiah per kilogram)
Support Price
Market Price 1/Market Intervention Price 2/Paddy 3/RiceGovernment Purchase Price 4/
1994
March626600380560700
June,636630380560700
September707630380560700
December715630380560700
1995
March733650400657708
June738670400657788
September818700400657788
December833700400657788
1996
March856725450738788
June855750450738868
September910825450738868
December918825450738868
1997
March1,013850525856868
June1,033975525856998
September1,089925525856998
December1,211925525856998
1998
March1,475925600971998
June1,9881,6007001,1251,924
September3,0101,7501,0001,6601,924
December2,7732,1005/1,450 5/2,390 5/1,924
1999
January2,8022,1001,4502,3901,924
February2,7582,1001,4502,3901,924
March2,7682,1001,4502,3901,924
April2,7352,2751,4502,3902,645
May2,7932,2751,4502,3902,645
June2,7872,2751,4502,3902,645
July2,7082,2751,4502,3902,645
August2,5262,2751,4502,3902,645
September2,5702,2751,4502,3902,645
October2,5302,2751,4502,3902,645
November2,4632,2751,4502,3902,645
December2,4222,2751,4502,3902,645
2000
January2,4222,2751,4502,3902,645
Febuary2,5122,2751,4502,3902,645
March2,4322,2751,4502,3902,645
April2,4452,2751,4502,3902,645
Sources: Data provided by the Indonesian authorities; and BULOG.

Monthly national average retail price for medium-quality rice.

Price at which BULOG sells rice in the open market The price shown here is for medium-quality rice in Java.

Paddy prices paid by cooperatives to farmers and rice prices paid by BULOG to cooperatives, Prices are adjusted when it is needed.

Price that the government pays BULOG for its rice deliveries to civil servants and military.

Average across regions.

Sources: Data provided by the Indonesian authorities; and BULOG.

Monthly national average retail price for medium-quality rice.

Price at which BULOG sells rice in the open market The price shown here is for medium-quality rice in Java.

Paddy prices paid by cooperatives to farmers and rice prices paid by BULOG to cooperatives, Prices are adjusted when it is needed.

Price that the government pays BULOG for its rice deliveries to civil servants and military.

Average across regions.

Table 12.Indonesia: BULOG Rice Program, 1994/95–1999/2000(In thousands of metric tons)
1994/951995/961996/971997/981998/991999/2000 1/
Beginning stock7586502,3702,3981,1632,310
Domestic procurement9631,0731,8251,3838362,190
Imports 2/1,8003,0283341,7145,2601,280
Total availability3,5214,7514,5295,4957,2595,780
Distribution2,8712,3652,1354,3284,8904,764
Government1,6761,6851,6951,6911,7281,746
State enterprises857777767242
Market operations1,0365913482,5101,956267
Special market operations 3/00001,0252,536
Exports5300000
Other21121551109173
Losses plus statistical discrepancies016235842
End stock6502,3702,3921,1642,311974
Memorandum item:
Rice production 4/30,31732,33432,21732,09532,00431,918
Source: Data provided by the Indonesian authorities.

Estimated.

Includes repayment of loans in kind.

Targeted rice subsidy program distributions.

On a calendar-year basis.

Source: Data provided by the Indonesian authorities.

Estimated.

Includes repayment of loans in kind.

Targeted rice subsidy program distributions.

On a calendar-year basis.

Table 13.Indonesia: Approvals of Domestic Investment Projects by Economic Sector, 1994–99 1/(In billions of rupiah)
199419951996199719981999
Number of ProjectsIntended Capital OutlayNumber or ProjectsIntended Capital OutlayNumber of ProjectsIntended Capital OutlayNumber of ProjectsIntended Capital OutlayNumber of ProjectsIntended Capital OutlayNumber of ProjectsIntended Capital Outlay
Agriculture867,40110610,09715816,07214614,808475,315292,408
Mining and quarrying61121420513460712641164174
Manufacturing40531,92236043,14231459,21830479,33514744,90712646,745
Food524,045725,1605313,7485313,049326,7122812,728
Textiles575,518347,177283,366446,831271,138252,561
Wood and wood products281,171252,010211,12915762181,972191,229
Paper and paper products303,749306,0332912,7642611,842.912,754720,244
Pharmaceuticals622852812575720124014
Chemicals1105,150878,7417713,3356822,4252815,459252,467
Nonmetallic minerals418,547369,089387,9653511,639103,469170
Basic metals181,66492,380154,461128,02221,78616,354
Metal products601,784552,138492,376454,68417960171,071
Other366713321719453337
Construction1173120848281,5502087791,9926395
Services31513,12327615,36129723,41624124,7281178,518723,827
Hotels934,342583,793535,019472,588221,150231,380
Housing283,336184,659508,688313,960129006996
Transportation1583,1201563,9651193,0661004,649453,36119225
Trade3371531113294512816291
Other services332,322372,791646,5115413,486263,02618935
Total82353,28977669,653810100,716718119,87432460,84823753,549
Source: Data provided by the Indonesian authorities.

Includes new projects and extensions of existing projects, but excludes investment in petroleum, banking, insurance, and leasing sectors.

Source: Data provided by the Indonesian authorities.

Includes new projects and extensions of existing projects, but excludes investment in petroleum, banking, insurance, and leasing sectors.

Table 14.Indonesia: Approvals of Foreign Investment Projects by Economic Sector, 1994–99(In millions of U.S. dollars)
199419951996199719981999
Agriculture7301,3841,521464998491
Mining and quarrying1,697214
Manufacturing18,74026,89316,07223,0178,3896,878
Food1,2351,332691573342681
Textile396471515373217240
Wood and wood products682631017071113
Paper and paper products5,1202,5412,9075,353411,412
Pharmaceuticals137433762
Chemicals7,74319,3687,36212,3396,1733,266
Nonmetallic minerals6322897901,457237110
Basic metals2,082292651357394501
Metal products1,4232,2582,9382,332891543
Other4042741271710
Construction77206297307198153
Services4,17911,43210,34510,0433,9793,303
Hotels3449991,717463451229
Electricity, gas, plus water2,3973,5493,8091,8401,7952,310
Other1,4386,8844,8197,7401,733764
Total23,72639,91529,93233,83213,56410,839
Source: Data provided by the Indonesian authorities.
Source: Data provided by the Indonesian authorities.
Table 15.Indonesia: Approvals of Foreign Investment Projects by Country of Origin, 1994–99(In millions of U.S. dollars)
199419951996199719981999
Europe3,5868,9515,23511,7405,312731
Netherlands1663601,33032041249
Belgium940171210
United Kingdom2,9576,3223,3915,4744,745507
Germany1131,3451654,4687187
France3749871457823
Switzerland7145160743542
Other242372789332913
North and Central America1,0282,7967541,113700144
United States9772,7716421,018568137
Canada392136683
Panama6442894
Other634124
Asia14,1349,23518,37115,1704,6746,486
Hongkong SAR6,0421,7631,10625154977
Japan1,5273,7927,6555,4211,331644
Malaysia4228771,3932,2891,060186
Philippines363130635
Singapore1,6641,4693,1312,2991,267731
Thailand12351,6111938
Taiwan Province of China2,4885675353,4191651,489
Korea1,8496751,2311,410202263
Other94261,70661343,083
Australia and New Zealand533,712516188852,459
Other4,92515,2215,0565,6212,7931,019
Total23,72639,91529,93233,83213,56410,839
Source: Data provided by the Indonesian authorities.
Source: Data provided by the Indonesian authorities.
Table 17.Indonesia: Consumer Price Index, 1991-July 2000
FoodHousingClothingMiscellaneousTotal
(1988/89 = 100)
Weights34.727.811.326.2100.0
1991
March373.3405.4309.8364.2374.5
June386.0410.4318.9374.4384.0
September394.5424.7321.5404.7399.2
December403.0435.8324.2411.1407.3
1992
March413.5438.8327.6414.4412.9
June423.5444.9337.0417.7419.8
September423.6449.3340,7422.2422.3
December427.8456.0348.3425.2427.8
1993
March140.8149.4133.2147.8144.0
June136.6153.3136.6150.3144.7
September134.6159.6137.8152.5146.6
December136.8163.2138.9154.0148.8
1994
March149.0165.1143.6155.8154.4
June149.5167.8144.4156.9155.8
September154.4173.4145.6160.2160.2
December157.0178.6147.5161.7177.8
1995
March167.3180.8151.7163.5168.2
June170.9185.1153.3168.1172.1
September173.7187.2155.4170.9174.6
December179.1188.9157.4173.3177.8
(1996=100)
1996
March101.298.699.596.699.2
June99.099.5100.099.899.4
September99.0101.3100,4100.9100.2
December100.7102.0101.0101.9101.4
1997
March104.7103.3102.6103.9103.9
June104.6105.2102.9104.8104.6
September107.9107.6104.6108.2107.6
December115.6107.8110.6110.8111.8
1998
March156.3128.6161.4131.1142.2
June184.2139.2195.3151.0163.9
September237.5155.9225.2170.1196.2
December241.2159.0219.7171.7198.6
1999
January252.4160.6232.1172.4204.5
February257.4162.1234.2172.3207.1
March253.8162.9234.7175.0206.8
April243.7164.0233.6175.1205.3
May247.4164.9231.2175.9204.8
June245.6165.3228.3176.3204.1
July240.2166.1224.7176.6201.9
August234.4165.9226.6177.7200.1
September229.3166.1229.6178.6198.7
October228.2166.5232.2179.5198.8
November230.0165.9228.4179.7199.0
December236.6166.8233.2180.1202.5
2000
January241.1167.6237.5180.9205.1
February240.7168.3239.8180.9205.3
March237.3169.1240.1181.8204.3
April237.2171.0240.5184.2205.5
May237.1174.2242.6186.9207.2
June238.3174.9244.5187.9208.2
July242.0176.1248.5189.9210.9
Source: Data provided by the Indonesian authorities.
Source: Data provided by the Indonesian authorities.
Table 17a.Indonesia: Consumer Prices, January 1999-May 2000
19992000
Jan.Feb.Mar.Apr.MayJun.Jul.Aug.Sep.Oct 1/Nov.Dec.Jan.Feb.Mar.Apr.May
(Index 1996=100)
Total CPI204.54207.12206.75205.34204.76204.07201.93200.05198.68198.51199.00202.45205.12205.27204.34205.48207.21
Food252.46257.68254.15249.98247.78246.04240.59234.92229,89228.74230.38237.60241.77241.31237.85237.88237.74
Unprocessed food281.09287.60281.65275.09271.38268.25258.96248.54239.06237.22240.00249.54256.85256,00250.16246.16246.08
Processed food213.80216.87216.34215.52215.20215.16214.87218.33216.26216.13216.51219.20220.00220,17219.97225.20225.07
Nonfood175.09176.05177.62177.91178.32178.28178.17178.62179.50179.51178.89180.08181.33181.96l82.70184.64187.51
Housing160.62162.06162.92164.04164.91165.34166.06165.87166.12165.68165.93166.77167.56168.34169.05171.03174.18
Clothing232.11234.23234.71233.58231.18228.32224.69226.56229.63231.37228.38233.21237.47239.79240.09240.50242.55
Health214.07214.12215.80216.57217.60218.22219.48220.98220.00219.62219,97220.37220,87221.85222.43224.87225.76
Education and recreation161.40161.89162.05162.04162.59163.06163.87168.48169.52170.21170.42170.44170.43170−23171.83173.50174.91
Transportation and communications164.95164.29169.16169.07170.06170.23169.94169.68169.94171.40171.56172.20173.68173.45174.01176.83181.19
(Monthly percentage change)
Total CPI2.971.26−0.18−0.68−0.28−0.34−1.05−0.93−0.680.060.251.731.320.07−0.450.560.84
Food4.572.07−1.37−1.64−0.88−0.70−2.22−2.36−2.14−0.470.722.821.97−0.19−1.430.01−0.06
Unprocessed food6.792.32−2.07−2.33−1.35−1.15−3.46−4.02−3,81−0.761.173.982−93−0.33−2.28−1.60−0.03
Processed food1.051.44−0.24−0.38−0,15−0.02−0.130.210.43−0.060.181.240.360.08−0.092.41−0.09
Nonfood1.600.550.890.160.23−0.02−0.060.250.490.490.350.670.690.350.411.061.56
Housing1.000.900.530.690.530.260.44−0.110.150.190.150.510.470.470.421.171.84
Clothing5.640.910.20−0.48−1.03−1.24−1.590.831.361.14−1.292.111.830.980.130.170.85
Health0.720.020.780.360.480.280.580 68−0.440.020.160.180.230.440.261.100.40
Education and recreation−0,270.300.10−0.010.340.290.501.591830.380.120.01−0.01−0.120.940.970.81
Transportation and communications0.76−0.402.96−0.050.590.10−0.17−0.150.150.810.090.370.86−0.130.321.622.47
(Annual percent change)
Total CPI70.6653.3946 5037.9730.7324.5213.495.771.251.421.582.010.35−0.84−1.100,151.28
Food101.6175.2262.5350.0043.0333.3217.365.21−3.26−2.84−2.33−1.79−4.23−6.36−6.40−4,83−4.09
Nonfood110.9382.2768.9556.8147.9636.5917.563.42−8.415.405.115.184.344.193.654.515.99
(Year-to date percent change)
Total CPI2.974.274.083.373.082.731.660,710.020.020.272.011.321.390.931.502.35
Food27.0929.7227.9525.8524.7423.8621.1218.2615.73−5.26−4.58−1.791.971.780.320.330.27
Nonfood41.5144.7841.7938.4936.6235.0430.3725.1220.354.854.495.180.691.041.452.534.13
Source: Data provided by the Indonesian authorities.

Since October 1999, the CPI calculated in 43 cities (excluding Dili).

Source: Data provided by the Indonesian authorities.

Since October 1999, the CPI calculated in 43 cities (excluding Dili).

Table 18.Indonesia: Wholesale Price Index, 1996–2000
ExportsGeneral
AgricultureMiningManufacturingImportsIncluding Oil/GasExcluding Oil/GasIncluding Oil/GasExcluding Oil/Gas
(1983 = 100)
1996
March388269263240196311254277
June403296266243196308258281
September403300288245206304261281
December413307268245224303267283
1997
March429312270247207304266287
June436314271247195308264289
September459322277267237370286307
December457329295309369552341347
1998
January533334326457585876452447
February582352361512572925487482
March609357379553556962505522
April639369392541501845495518
May6793764125826091,006546580
June7163774316277891,292611610
July7763894696698101,328660660
August8174085066716921,191641664
September8884255396706271,086642679
October912438548839517858610858
November916453548622470796593847
December938471545841416788579844
1999
January981484551630476833607664
February1,006495556632482865613673
March1,012519558642512865625678
April1,013525561640561849638678
May1,016539562631543813632673
June1,015541563625514766623668
(1993 = 100) 1/
1999
January396200264288361396308311
February410204266281371409314317
March415207266283376409317318
April416211267293380401318316
May415214269290361378314313
June414215269288343358309309
July408219267280323329301301
August403217268287359354311307
September401217269297408386324315
October407218271289376350317308
November411220270285356328311303
December425222271289374342319309
2000
January438224272293388351325314
February443224272295401359329317
March440227271299413361332317
April446232273301413371334322
Source: Data provided by the Indonesian authorities.

Since July 1999, the wholesale price index calculated based on 1993 = 100.

Source: Data provided by the Indonesian authorities.

Since July 1999, the wholesale price index calculated based on 1993 = 100.

Table 19.Indonesia: Nominal Wages and Labor Force, 1995–99
19951996199719981999
MinimumMaximumMinimumMaximumMinimumMaximumMinimumMaximumMinimumMaximum
(Monthly wages in thousands of rupiah) 1/
Agriculture2721,9272721,9414144,2732852,8512983,182
Mining and quarrying5064,9065734,9069528,2366505,5897505,801
Manufacturing industry2383,4532413,4534396,0502954,0883104,100
Electricity, gas, and water supply3273,0474093,6214685,8623123,9084104,101
Construction2673,5523123,9086446,3804394,5704355,570
Trade and banks3684,9043995,8086279,3084296,2084296,205
Transportation4944,3994934,3999016,5985984,4016344,410
Services2812,7801122,7805524,4193913,2234013,535
Average of sector wages3443,6213793,8526246,3914254,3554594,614
Annual percent change13.29.510.16.464.665.6−31.9−31.98.05.9
Minimum wage (regional average) 2/112118130150174
Annual percent change19.55.410.215.215.4
(In millions)
Labor force 3/85.990.191.392.794.8
Employment83.985.787.087.788.8
Agriculture38.937.735.839.438.4
Mining and quarrying0.90.80.90.70.7
Manufacturing11.210.811.29.311.5
Trade12.716.117,216.817.5
Other20.219.321.920.820.7
Source: Data provided by the Indonesian authorities.

Figures are based on periodic surveys of primarily urban-based business establishments and include transportation, meal, and attendance allowances.

Calculated from minimum daily figure for 30 days per month. Increased by 9 percent to Rp 122,000 in 1996 and by 10 percent to Rp 135,000 in 1997.

Ages ten and over in 1995–97 and fifteen and over for 1998 and 1999.

Source: Data provided by the Indonesian authorities.

Figures are based on periodic surveys of primarily urban-based business establishments and include transportation, meal, and attendance allowances.

Calculated from minimum daily figure for 30 days per month. Increased by 9 percent to Rp 122,000 in 1996 and by 10 percent to Rp 135,000 in 1997.

Ages ten and over in 1995–97 and fifteen and over for 1998 and 1999.

Table 20.Indonesia: Domestic Sales and Prices of Oil Products, 1990/91–1999/2000
TotalAvigasAvturSuperPremiumKeroseneAutomotive DieselIndustrial DieselFuel Oil
(In millions of liters)
Domestic sales
1990/9133,0989748606,4177,91511,9171,7134,319
1991/9235,398979306,9318,18513,1601,7324,588
1992/9338,161885307,2648,56915,0431,7864,638
1993/9440,593895307,5988,74416,6011,8104,879
1994/9541,21081,65308,5828,98016,3251,7963,866
1995/9643,41481,82509,4069,39517,3581,5193,903
1996/9747,47381,974010,2439,84119,4931,4574,457
1997/9851,96782,007010,9459,98222,2171,4105,398
1998/9948,5866955011,0298,71313,1411,2935,756
1999/200051,441111,092011,6109,24114,3541,1735,760
(In billions of rupiah)
Domestic sales proceeds
1990/918,1233224242,6241,3612,657366864
1991/9210,352328903,4651,6373,593448917
1992/9313,652332504,6192,1855,1895641,011
1993/9416,302340005,3102,4486,3086621,171
1994/9517,000369406,0082,5146,203650928
1995/9616,415369705,9822,3965,989497851
1996/9717,954375406,5152,5096,725476972
1997/9819,579376706,9612,5457,6654611,177
1998/9923,6042356010,7572,95410,3636601,935
1999/200025,07110,6013,06510,2717191,833
(Rupiah per liter)
Average domestic price 1/
1990/91245300300400409172223182200
1991/92308364364500200273259200
1992/93308/363364/382364/382…500/636200/255300/345259/327200/218
1993/94363382382636255345327218
1994/95363382382636255345327218
1995/96363382382636255345327218
1996/97363382382636255345327218
1997/98363382382636255345327218
1998/99913255502455318
1999/2000913255502455318
Source: Data provided by the Indonesian authorities.

Prices do not include 10 percent value-added tax.

Source: Data provided by the Indonesian authorities.

Prices do not include 10 percent value-added tax.

Table 21.Indonesia: Summary of Central Government Operations, 1993/94–1999/2000 1/
1993/941994/951995/961996/971997/981998/991995/00

Prav. Actual
(In billions of Rupiah)
Taxrevenue49.168.557,979.564,741.077,477.0101.493.2143,701.8171,296.8
Oil/LNG12.503.413,537.416,054.720,137.130,559.041.400.058,481.7
Non-oil/LNG34,665.144,442.148,686.357,339.970,934–2102,301.8112,815.2
Nontax revenue 2/4,624.06,432.77,785.310,153.310,782.312,200.017,131,7
Total domestic revenue53,792.564,412.272,526.387,630.3112,275.5155,901.8188,428.5
Current expenditure30,552.834,008.238,771.447,676.573,921.1125.M0.0155,880.3
Personnel (central govt.)11,114.812,595.513,001.414,455.217,269.022,656.232,105.5
Subsidies1,454.91,501.8143.01,602.221,120.941,799.347,024.6
Interest on external debt6,157.46,144.67,088.37,730.611,262.924,650.020,615.0
Cuuent balance23,239.730,404.033,754.939,953.838,354.430,001.832,548.2
Development and net lending 3/27,280.328,598.727,043.632,268.844,651,055,252.049,020.0
Total including development and net lending57,833.162,606.968,818.079,9453118,572.1181,152.0204,900.3
Overall balance−4,040.61,805.36,711.37,685.0−6,296.0−25,250.2−16,471.8
Arrears (subsidies carried over)0.00.00.00.00.00.0−13,743.3
Financing (net)4,040,6−1,805.3−6,711.3−7,685.06,296.625,250.230,215.1
Domestic 4/4,173.0510.7−2,319.4−4,413.7−3,998,4−22,351.818,694.5
Bank5/1.173.0510.7−2,319.4−4,413.7−3,998.4−23,964.82,081.1
Recovery of bank assets0.00.00.00.00.00.012,886.1
Privatization proceeds0.00.00.00.00.01,633.03,727.2
Foreign(Bet)−132,4−2,316.0−4,391.9−3,271.310,295.047,602.0l1,520.6
Gross drawing10,752.59,837.89,008.811,900.129,498.578.333.831,803.3
Amortization−10,884.9−12,153.8−13,400.7−15,171.4−19,203.5−30,731.8−20,282.7
(In percent of ODP)
Overall balance−1.20.51.41.4−0.9−2.4−1.5
Current budget balance6.87.67.27.25.52.82.9
Total revenue snd pants15.816.115.418.816.014.816.7
Oil/LNG3.73.43.43.64.43.95.2
Non-oil/LNG10.811.1[0.310.310.19.710.0
Total expenditure incl. development end net lending17.015.614.014.417.017.218.1
Current expenditure9.08.58.28.610.612.013.8
Development and net lending8.07.15.75.86.45.24.3
Source: Data provided by the Indonesian authorities.

The fiscal year begins on April 1.

Including privatization proceeds until 1997/98.

Including statistical discrepancy.

Before 1998/99, domestic financing was considered as a residual between financing (net) and foreign flouncing.

Source from Bank Indonesia.

Source: Data provided by the Indonesian authorities.

The fiscal year begins on April 1.

Including privatization proceeds until 1997/98.

Including statistical discrepancy.

Before 1998/99, domestic financing was considered as a residual between financing (net) and foreign flouncing.

Source from Bank Indonesia.

Table 22.Indonesia: Central Government Revenue, 1993/94–1999/2000(In billions of rupiah)
1993/941994/951995/961996/971997/981998/991999/2000

Prov. Actual
(In billions of rupiah)
Tax revenue49,168.557,979.564,741,077,477.0101,493.2143,701.8171,296.8
Taxes on income and profits27,262.332,301.537,066.747,199.264,947.397,297.4118,164.4
Oil/LNG12 503.413,537.416,054.720,137.130,559.041,400.058,481.7
Non-oil14,758.918,764.121,012.027,062.134,388.355,897.459,682.7
Land and building tax 1/1,484.51,647.31,893.92,413.22,640.93,558.94,070.6
Taxes on goods and services (VAT)13,943.516,544.818,519.420,351.225,198.827,728.733,087.1
Excise Taxes2,625.83,153.33,592.74,262.85,101.27,730.310,3812
Taxes on international trade3,569.04,030.73,215.52,659.93,127.26,956.65,025.3
Import duties3,555.33,900.13,029.42,578.92,998.72,316.44,177.0
Export duties13.7130.6186.181.0128.54,640.2848.3
Other283.4301.9452.8590.7477.8429.9568.3
Nontax revenue4,624.06,432.77,785.310,153.310,782.312,200.017,131.7
Profit receipts1,712.9U22.11,603.92,649.92,340.73,428.35,430.4
Other2/2,911.15,110.66,181.47,503.48,441.68,771.711,701.3
Total revenue53,792.564,412.272,526.387,630.3112,275.5155,901.8188,428.5
Total non-oil/LNG revenue41,289.150,874.856,471.667,493.281,716.5114,501.8129,946.9
(Percent ofnon-oil/LNG to GDP)12.112.712.012.111.710.911.5
Total oil/LNG revenue12,503.413,537.416,054,720,137.130,559.041,400.058,481.7
(Percent of non-oil/LNG to GDP)3,73.43.43.64.43.95.2
Total revenue (in percent of GDP)15.816.115.415.816.014.816.7
Source: Ministry of Finance, Indonesia.

Includes duties on land and building transfers.

Including privatization proceeds until 1997/98.

Source: Ministry of Finance, Indonesia.

Includes duties on land and building transfers.

Including privatization proceeds until 1997/98.

Table 23.Indonesia: Details of Nontax Receipts, 1994/95–1999/2000(In billions of rupiah)
1994/951995/961996/971997/981998/991999/2000

Prov. Actual
Total (including oil operations surplus and privatization receipts)8,438.58,272.910,153,310,782.313,833.020,858.9
Total (excluding oil operation surplus and privatization receipts)6,432.77,785.310,153.310,782.312,200.017,131.7
Profit1,322.11,603.92,649.92,340.73,428.35,430.4
Bank Indonesia
Other state banks
Public enterprises
Remittances fern government banks44.039.5443.344.340.060.8
Fees691.2397.4362.7565.4736.81,301.2
Forest concession283.1149.5130.8280.2400.0811.9
Immigration (embassies abroad)13−024.430.942.182.1230.0
Education 1/282.849.957.968.484.78.0
Hospital6.67.210.49,812.054.3
Passport66.4106.299.1132.3130.0139.3
Censors5.47.4. 7.36.97.04.0
Service29.236.710.59.94,041.5
Marriage licenses4.716.115.815.817.012.2
Sales of goods15.424.119.616.330.850.1
Agricultural1.62.12.12.712.23.5
Discarded9.011.110.18.315.132.2
Houses4.810.97.45.33.514.4
Rental from government houses5.77,17.58.36.17.1
Licenses163.7203.9334.5531.3245.0196.6
Hires 2/13.06.04.84.03.434.9
Domestic oil operations surplus2,005.8487.60.00.00.00.0
Other4,177.65,503.46,331.07,272.07,709.610,050.6
Receipts from investment fund400.02,132.42,561.53,555.02,628.13,110.9
Self-financing receipts582.52,031.21,267.42,284.24,088.5
Other 3/3,777.62,788.51,735.32,449.62,797.32,851.2
Memorandum item:
Privatization receipts1,633.03,727.2
Asset recovery12,886.1
Source: Data provided by the Indonesian authorities.

Before 1995/1996 include self-financing of education.

Before 1995/1996 include self-financing of rental.

Before 1995/1996 include self-financing receipts.

Source: Data provided by the Indonesian authorities.

Before 1995/1996 include self-financing of education.

Before 1995/1996 include self-financing of rental.

Before 1995/1996 include self-financing receipts.

Table 24.Indonesia: Central Government Expenditure, 1993/94–1999/2000
1993/941994/951995/961996/971997/981998/991999/2000

Prov, Acutal
(In billions of rupiah)
Total expenditure and net lending57,833,162,606.965,815.079,945.3118,572.1181,152.0204,900.3
Current expenditure30,552.834,008.238,771.447,676.573,921.1125,900.0155,880.3
Personnel (central govt.)11,144.812,595.513,001.414,455.217,269.022,656.232,105.5
Of which: Pensions2,849.03,609.04,077.03,513.04,225.05,310.09,205.0
Material3,032.14,318.95,175.18,108.58,999.39,838.69,971.3
Armed forces972.81,278.01,594.13,496.91,825.42,671.92,117.8
Transfers to regions6,908.77,272.48,226.69,357.511,060.513,074.217,341.2
Interest on external debt6,157.46,144.67,088.37,730.611,262.924,650.020,615.0
Gross interest costs of bank restructur0.00.00.00.00.08,384.822,230.4
Subsidies1,454.91,501.8143.01,602.221,120.941,799.347,024.6
Petroleum1,279.9686.80.01,416.19,814.328,606.635,839.1
Food0,00.00.00.010,598.76,426.75,415.4
Other175.0815.0143.0186.111,306.613,192.711,185.5
Other882.1897.03,542.92,925.62,383.12,825.04,474.5
Development and net lending 1/27,280.328,598.727,043.632,268.844,651.055,252.049,020.0
(In percent GDP)
Total expenditure and net lending17.015.614.014.417.017.218.1
Current expenditure9.08.58.28.610.612.013.8
Development and net lending8.07.15.75.86.45.24.3
Source: Data provided by the Indonesian authorities.

Including statistical discrepancy.

Source: Data provided by the Indonesian authorities.

Including statistical discrepancy.

Table 25.Indonesia: Functional Classification of Development Expenditures and Net Lending, 1993/94–1999/2000 1/
1993/941994/951995/961996/971997/981998/991999/2000

Prov. Actual
(In billions of rupiah)
General public services564.9669.8741.3987.61,011,21,083.4924,5
Government apparatus486.0589.0624.0836.8857.9946.6701.0
Law and order78.980.8117.3150.8153.3136.8223,5
Education3,296.43376.83,562.04,404.05,145.07,072.97,742.7
Education, culture, and development of youth2,761.62,989.13,130.43,849.24,268.16,150.46,949.4
Science, technology, research and statistics534.8387.7431.6554.8876.9922.5793.3
Health, family planning, and welfare1,159.91,257.21,252.61,610.32,051.34,150.04,488.2
Housing and water supply 2/953.61,133.11,037.31,365.91,333.42,435.92,121.9
Other community and social services973.01,147.41,315.61,630.11,581.62,261.42,568.3
Manpower and transmigration896.2981.71,079.21,348.11,368.31,933.82,058.1
Religion76.8165.7236.4282.0213.3327.6510.2
Economic services15,061.815,274.513,013.414,389.217,564.023,506.016,038.1
Agriculture and irrigation 3/4/1,982.82,769.72,645.03,223.83,268.57,126.03,604.6
Industry and mining968.4631.4843.21,451.7827.7559.2518.1
Electricity3,983.44,340.93,073.62,933.84,448.95,829.33,799.4
Transportation and tourism7,23636,631.55,840.86,220.37,711.78,756.46,361.4
Information and communications335.7219.2130.6184.3308.4339.8112.0
Trade and cooperatives 5/6/7/555.2681.8480,2375.3998.8895.31,642.6
Regional, business and environment5,270.75,739.86,118.87,881.67,045.911,456.715,607.3
Regional development3,588.04,588.95,247.66,005.46,019.010,558.311,648.7
Investment through banking system821.0755.7432.21,309.4381.4256.73,171.1
Natural resources861.7395.2439.0566.8645.5641.7787.5
Adjustment0.00.12.60.18,918.63,285.7−471.0
Total (adjusted official data)2730328,598.727,043.632,268.844,651.055,252.049,020.0
(In percent of total)
General public services2.12.32.73.12.32.01.9
Education12.111.813.213.614.412.815.6
Health, family planning, and welfare4.34.44.65.05.77.59.1
Housing and other social services 7/3.84.54.75.14.35.35.3
Economic services55.253.448.144.649.245.232.4
Agriculture and irrigation 7/739.79.810.09.113.77.3
Industry and mining3.52.23.14.52.31.11.0
Electricity14.615.211.49.112.511.27.7
Transportation and tourism26.523.221.619.321.616.912.9
Information and communications1.20.80.50.60.90.70.2
Trade and cooperatives2.02.41.81.22.81.73.3
Manpower and transmigration3.33.44.04.23.83.74.2
Regional development13.216.019.419.616.820323.5
Other and unallocated6.24.13.35.82.91.78.0
Memorandum item:
Fertilizer subsidy175.0815.0143.0186.1707.62,125.2...
Defense and national security972.81,278.01,594.13,496.91,918.72,614.82,069.0
Bank restructuring cost10,000.023,498.1
Credit for low cost housing130.0616.3
Cooperative credit (Kkop)274.069.1
Loan for prhnary-level-cooperative’s members (KKP)145.0212.1
Farming loan (KUT)391.01,382.4
Credit for plantation223.0983.1
Source: Data provided by the Indonesian authorities.

Excludes defense, national security, and fertilizer subsidy.

For 1998/99 and 1999/2000, exclude credit for low-cost housing.

Excludes fertilizer subsidies.

For 1998/99 and 1999/2000, exclude farming loan and credit tor plantation.

Excludes bank restructuring cost

For 1998/99 and 1999/2000, exclude Cooperatives credit and loan for primary-level-cooperative’s members,

Includes water supply and religion.

Source: Data provided by the Indonesian authorities.

Excludes defense, national security, and fertilizer subsidy.

For 1998/99 and 1999/2000, exclude credit for low-cost housing.

Excludes fertilizer subsidies.

For 1998/99 and 1999/2000, exclude farming loan and credit tor plantation.

Excludes bank restructuring cost

For 1998/99 and 1999/2000, exclude Cooperatives credit and loan for primary-level-cooperative’s members,

Includes water supply and religion.

Table 26.Indonesia: Summary of Provincial Finances, 1995/96–1999/2000
1995/961996/971997/981998/991999/2000 Budget
(In billions of rupiah)
Own revenues4,8415,5085,9354,9844,793
Tax revenues3,6054,1234,4973,6053,564
Nontax revenues1,2361,3851,4381,3791,229
Total transfers5,5465,9886,3323,6085,190
Current transfers from central government4,1464,4584,6141,8422,270
Capital transfers from central government1,4001,5301,7181,7662,920
Total revenue and grants 1/10,38711,49612,2678,5929,983
Current expenditure6,7867,5298,1824,7295,903
Wages and salaries4,2274,5294,7461,9252,418
Expenditure on goods and services1,2762,4242,6612,2412,928
Pensions01140
Subsidies1,283642724553563
Development expenditure3,4804,3264,3802,7764,392
Capital expenditure3,0703,8003,8602,3914,181
Transfers to local government410526520385211
Total expenditure10,26611,85512,5627,50510,295
Overall balance121−359−2951,087−312
Source: Ministry of Finance.

Excluded previous year surplus.

Source: Ministry of Finance.

Excluded previous year surplus.

Table 27.Indonesia: Monetary Survey, 1994–99 1/
199419951996199719981999
Mar.Jurt.Dec.
(In billions of rupiah; end of period)
Broadmoney174,512222,638288,631355,643570,525603,326615,411646,205
Narrow money45,37452,67764,08978,343100,489105,705105,964124,633
Currency18,63420,80722,48728,42441,39444,68243,53058,353
Demand deposits26,74031,87041,60249,91959,09561,02362,43466,280
Quasi money129,138169,961224,542277,300470,036497,621509,447521,572
Rupiah time and savings deposits98,372130,891174,968186,311355,409368,745401,037408,580
Savings deposits40,25947,14661,41567,83368,55979,05688,963122,690
Time deposits58,11383,745113,553118,478286,850289,689312,074285,890
Foreign currency deposits30,76639,07049,57490,989114,627128,876108,410112,992
Foreign assets (net)25,27232,62750,64167,985142,197186,989112,077129,096
Bank Indonesia 2/37,28242,48359,56591,609123,863153,292103,477109,262
Deposit money banks−12,010−9,856−8,924−23,62418,33433,6978,60019,834
Net domestic assets149,240190,011237,990287,658428,328416,337503,334517,109
Net domestic credit191,751233,088286,740407,301524,235497,593477,541649,833
Claims on public sector−9,308−15,345−15,693−27,836−3,498128,042212,538416,119
Government (net) 3/−18,828−26,300−29,056−45,543−28,030130,357190,363397,257
Public enterprises9,52010,95513,36317,70724,53224,68522,17518,862
Claims on private sector201,059248,433302,433435,137527,733369,551265,003233,714
Other assets (net)−42,511−43,077−48,750−119,643−95,907−81,25625,793−132,724
Memorandum item:
Rupiah broad money143,746183,568239,057264,654455,898474,450507,001533,213
(Annual percentage change)
Net domestic assets28.627.325.320.948.923.658.320.7
Net domestic credit20.721.623.042.028.70.6−25.924.0
Claims on private sector 4/22.223.621.743.921.3−26.8−61.3−55.7
Broadmoney19.727.629.623.260.434.19.113.3
Narrow money23.216.121.722.228.37.6−3.124.0
Quasi money18.531.632.123.569.541.512.011.0
Source: Bank Indonesia.

All foreign currency items valued at current exchange rate.

SDR liabilities of Bank Indonesia valued at Rp 3,322 per U.S. doliar between December 1997 March 1998, Rp 10,732.8 per U.S. dollar from June to December 1998.

Includes bonds issued as part of bank recapitalization program and standby borrowings from commercial banks.

Unadjusted for transfers of nonperforming loans to IBRA.

Source: Bank Indonesia.

All foreign currency items valued at current exchange rate.

SDR liabilities of Bank Indonesia valued at Rp 3,322 per U.S. doliar between December 1997 March 1998, Rp 10,732.8 per U.S. dollar from June to December 1998.

Includes bonds issued as part of bank recapitalization program and standby borrowings from commercial banks.

Unadjusted for transfers of nonperforming loans to IBRA.

Table 28.Indonesia: Balance Sheet of Bank Indonesia: Summary Format, 1994-March 2000 1/
1994199519961997199819992000
Mar.Jun.Sep.Dec.Mar.
(In billions of rupiah; end of period)
Base money22,15625,85234,77646,69075,12178,74977,35181,258101,79088,920
Statutory reserve shortfall604
Currency in circulation20,85523,70826,31233,69848,50652,66051,14354,07172,56959,785
Commercial banks’positive balance9591,8048,03412,01226,19125,33425,46826,21928,08827,693
Private sector demand deposit3423404303764247557409681,1331,442
Net foreign assets2/37,28242,48359,56591,609123,862153,292103,477145,868109,261133,781
Net domestic assets 3/−15,126−16,631−24,789−44,919−48,741−74,543−26,126−64,610−7,47144,861
Domestic credit−7,415−7,066−15,41829,231104,202110,32193,31292,069111,026100,844
Net claims on government 4/−10.631−17,557−18,994−33,280−29,019−42,196−45,663−35,967−14,939754
Liquidity support extended to banks7,01510,7898,27162,929173,540192,441190,390188,698188,177187,753
Liquidity credit 5/10,65310,42313,52715,11217,45320,10525,49623,76623,52118,620
Other claims6011,0249809771,0611,0151,2221,1921,1221,135
Net position ofmonetary instruments−15,053−11,745−19,202−16,507−58,83361,044−78,133−85,620−86,855−107,418
Other assets (net)−7,711−9,565−9,371−74,150−152,943−184,864−119,438−156,679−118,497−145,705
(Annual percentage change)
Base money25.816.734.534.360.927.57.915.635.512.9
Currency in circulation27.713.711.028.143.916.8−3.28.449.613.5
Liquidity support extended to banks120.653.8−23.3660.8175.865.213.67.28.4−2.4
Liquidity credit−3.6−2.229.811.715.5−23.331.634.434.8−7.4
Net position of monetary instruments−35.8−22.063.5−14.0256.4102.58.527.147.676.0
Memorandum items:
Rupiah exchange rate IDR/USS2,2002,3082,3834,6508,0258,6856,7268,3867,1007,590
Statutory reserve requirements2,6173,4817,08612,61621,71722,34824,10825,24225,66626,177
NFA (in millions of U.S. dollars)16,94618,40724,99619,70115,43517,65015,38517,39415,38917,626
Source: Data provided by the Indonesian authorities.

All foreign currency items valued at current exchange rate.

SDR liabilities of Bank Indonesia valued at Rp 3,322 per U.S. dollar between December 1997 - March 1998; Rp 10,732.8 per U.S. dollar from June to December 1998.

Defined as base money less net foreign assets.

Excludes bonds issued for liquidity support to banks and interbank settlement guarantee bonds.

Includes domestic letters of credit.

Source: Data provided by the Indonesian authorities.

All foreign currency items valued at current exchange rate.

SDR liabilities of Bank Indonesia valued at Rp 3,322 per U.S. dollar between December 1997 - March 1998; Rp 10,732.8 per U.S. dollar from June to December 1998.

Defined as base money less net foreign assets.

Excludes bonds issued for liquidity support to banks and interbank settlement guarantee bonds.

Includes domestic letters of credit.

Table 29.Indonesia: Balance Sheet of Bank Indonesia: Program Format, March 1998 March 2000 1/
199819992000
Mar.Jun.Sep.Dec.Mar.Jun.Sep.Dec.Mar.
(In billions of rupiah; end of period)
Base money61,78771.70570.30375,12178.74977,35181,258101,79088,920
Statutory reserve shortfall2,3741,397
Currency in circulation45,09552,83549,87748,50652,66051,14354,07172,56959,785
Currency38,19644,92442,72541,39444,68243,53046,42458,35351,197
Cash in vault6,8997,9117,1527,1127,9787,6137,64714,2168,588
Commercial banks’ positive balance13,27016,53919,78826,19125,33425,46826,21928,08827,693
Private sector demand deposit1.0489346384247557409681,1331,442
Net international reserves 2/98,850108,140105,28498,390110,803114,898112,063114,471129,556
Net domestic assets 3/−37,063−36,435−34,981−23,269−32,054−37,547−30,805−12,681−40,636
Net claims on government 4/−25.025−32,072−29,025−33,669−46,896−51,968−38,678−19,389−2,655
Liquidity support extended to banks116,456163,111172,980173,469183,266180,734179,090178,569178,145
Liquidity credits/claims 5/27,17020,41318,69318,51421,12026,71824,95823,52118,620
Net position of monetary instruments−30,151−72,020−67,370−58,833−61,044−78,133−85,620−86,855−107,418
Certificate of Bank Indonesia (SB1) (net) 6/−30,151−70,779−67,370−58,833−61,044−78,133−85,620−86,855−107,418
Auction17,24648,03448,72642,64149,34363,88973,19763,04987,870
Net other items−125,513−115,867−130,259−122,750−128,500−114,898−110,555−108,527−127,328
(Annual percentage change)
Base money32.316.1−2.06.927.57.915.635.512.9
Net international reserves−25.19.4−2.60.120.113.814.016.316.9
Memorandum items:
Rupiah exchange rate IDR/USS8,32514,90010,7008,0258,6856,7268,3867,1007,590
Statutory reserve requirements15,64417,93618,91921,71722,34824,10825,24225,66626,177
NIR (in millions U.S. dollar)13,18014,41914,03814,05615,82916,41416,00916,35318,508
Assets16,52218,73720,54123,59925,81726,89726,91127,30529,729
Liabilities3,34243186,5039,5449,98810,48310,90210,95211,221
Source: Data provided by the Indonesian authorities.

Foreign currency components valued at 7,500 Rp/S until September 1998, and at 7,000 Rp/$ thereafter.

SDR liabilities of Bank Indonesia valued at Rp 3,322 per U.S. dollar between December 1997 - Marc h 1998; Rp 10,732.8 per U.S. dollar from June to December 1998.

Defined as base money less net international reserves.

Excludes bonds issued for liquidity support to banks and interbank settlement guarantee bonds.

Includes domestic letters of credit.

Includes rupiah intervention.

Source: Data provided by the Indonesian authorities.

Foreign currency components valued at 7,500 Rp/S until September 1998, and at 7,000 Rp/$ thereafter.

SDR liabilities of Bank Indonesia valued at Rp 3,322 per U.S. dollar between December 1997 - Marc h 1998; Rp 10,732.8 per U.S. dollar from June to December 1998.

Defined as base money less net international reserves.

Excludes bonds issued for liquidity support to banks and interbank settlement guarantee bonds.

Includes domestic letters of credit.

Includes rupiah intervention.

Table 30.Indonesia: Bank Indonesia Liquidity Support to Commercial Banks 1997–2000(In billions of rupish; end of period)
Extended LendingDebit Balance PositionDiscount FacilitiesPurchase of Bank Guaranteed Commercial PaperOther
Subordinated LoanEmergency LoanBridging LoanOverdraftFacility Covering OverdraftFacility IFacility IINew SchemeSBPUSpecial SBPUTrade Arrears 1/Govemmeht Bonds 2/Total Liquidity Support
1997
Jun.7,9593512,675….1,16712,152
Jul.7,9543511,3941,16710,866
Aug.7,9543515,19398014,478
Sep.7,8969653,6641623,46198017,128
Oct.8,5854758,8508504,3541,95725,071
Nov.9,0654752,19810,7008,4044,3545,07940,275
Dec.9,4224751,70615,3436787475,07929,47962,929
1998
Jan.9,3834741,70637,5847475,29129,47784,662
Feb.9,3834751,70648,3857475,85629,47796,029
Mar,9,291350.5,65365,3653671537,07228,205116,456
Apr.9,2913505,63276,9112926,01728,195126,688
May9,2413505,58879,65321,8663,47728,106148,281
Jun.9,2263505,58878,48833,7503,25427,9219,007167,584
Jul.9,2393505,58879,50135,8013,08727,54315,989177,098
Aug.9,2533505,58833,70850,47035,8011,91927,79213,339178,221
Sep.9,2533505,58834,09950,32035,79678527,78112,852176,824
Oct.9,2534495,5886,61672,21935,2201,68027,5629,283167,870
Nov.8,7394495,5887,31372,206,.,35,2201,16127,5029,106167,284
Dec.8,9154495,33516,85954,57330,6101,01823,90311,78120,000173,443
1999
Jan.8,7174365,33517,74849,08228,5311,01822,72713,33520,000166,929
Feb.8,7174216,4706643,276162,712182.260
Mar.8,6284217,6596643,294162,712(83,378
Apr.8,6284215347,2422,394162,712181,931
May8,6284215347,2422,163162,712181,700
Jun.8,5224215347,2421,302162,712180,733
Jul.8,6094217367,2421,301162,712181,021
Aug.8,6094217367,242251162,712179,971
Sep.8,0294217367,242162,712179,140
Oct.8,6064217367,242162,712179,717
Nov.8,5564217367,242162,712179,667
Dec.7,2374211,0007,242162,712178,612
2000
Mar.6,7594211,0007,242162,712178,134
Source: Data provided by the Indonesian authorities.

Includes external arrears in rupiah.

Government bonds issued for liquid support.

Source: Data provided by the Indonesian authorities.

Includes external arrears in rupiah.

Government bonds issued for liquid support.

Table 31.Indonesia: Bank Indonesia Liquidity Credit, 1994/95–2000 1/(In billions of rupiah)
1994/951995/961996/971997/981998/991999/20002000
Jun.Sep.Dec.Mar.
BULOG1,3873,0583,58615,1555,5678,1814,6884,2510
Credit for rural banks10012012511484
Program credit7,3496,9227,1738,18413,43316,21318,45318,72018,166
Cooperative5929281,3571,8236,5379,32511,44711,57911,131
KUT2/1081842693084,1316,0758,1077,8107,475
Kkop3/1953210395358863774826623
KKPA4/2897129851,4202,0482,3872,5662,9433,033
Plantation/estate2,9743,4073,4043,6693,7773,7123,6903,6483,584
PIR.PIR Trans9391,0631,0601,023935895871790755
PSN1,8722,0791,9442,0372,0561,9891,9721,9851,933
PIR Trans Pasca Konversi163265400609786828847873896
Low-cost housing 5/1,1381,3551,8392,4042,9132,9732,9733,0563,057
Small business credit (KPKM)519177301271
Passive credit 6/2,6451,232573288201184166136123
Selective credit00212316329325279174
PKM (micro credit project)21288989310091
Pawnbroker150150150900
Others7881828983
Grand Total8,7369,98010,76123,35119,41624,84323,59123,36418,424
Total excluding BULOG7,3496,9227,1758,19613,84916,66218,90319,11318,424
State banks7,4078,1968,53817,72914,15315,75014,55813,7159,183
Local development banks21863348308969501528573518
Private national banks6741,2901,2734,7123,7118,0197,9438,5288,185
Foreign banks and joint banks437431602602583573562548538
Source: Bank Indonesia.

Bank Indonesia liquidity credit (KLBl) are credit schemes provided by Bank Indonesia to finance government programs through commercial banks. Excludes domestic letters of credit.

Credit for farming activity (KUT) is credit aimed to increase farmers’ production and earning.

Credit for cooperatives (KKop is credit aimed to encourage cooperative development, especially for the procurement and distribution offood and post-harvest financing.

Credit for member of primary cooperatives (KKPA) is credit to fulfill cooperative members’ need of working capital and investment fund for all sectors of economy.

Credit for low-cost housing (KPRS/RSS) is credit to fulfill the housing need for low income households.

Passive Credit Liquidity is credit extended by Bank Indonesia prior to Pakjan 90. The scheme has expired, there are only repayments left.

Source: Bank Indonesia.

Bank Indonesia liquidity credit (KLBl) are credit schemes provided by Bank Indonesia to finance government programs through commercial banks. Excludes domestic letters of credit.

Credit for farming activity (KUT) is credit aimed to increase farmers’ production and earning.

Credit for cooperatives (KKop is credit aimed to encourage cooperative development, especially for the procurement and distribution offood and post-harvest financing.

Credit for member of primary cooperatives (KKPA) is credit to fulfill cooperative members’ need of working capital and investment fund for all sectors of economy.

Credit for low-cost housing (KPRS/RSS) is credit to fulfill the housing need for low income households.

Passive Credit Liquidity is credit extended by Bank Indonesia prior to Pakjan 90. The scheme has expired, there are only repayments left.

Table 32.Indonesia: Bank Indonesia Monetary Instruments Outstanding, 1993–2000(In billions of rupiah; end of period)
Open Market Operations
SBI 1/Rupiah Intervention 2/SBPU Repo 3/SBI Repo Facility 4/Net Position of MonetaIy Instruments 5/
199323,43423,434
199415,05315,053
199511,85111,851
199618,57764919,226
1997
March21,41116041621,155
June17,32849717,825
September18,0709581,20517,823
December12,6253,5171,62491016,856
1998
March24,0496,13232129,860
June56,08714,6901,2412071,998
September57,26810,02267,290
December49,7159,24358,958
1999
January47,4579,63557,092
February53,7626,82460,586
March51,7889,22861,016
April64,7639,44974,212
May61,12012,90974,029
June65,67212,44878,120
July74,36815,04489,412
August70,54216,3482086,910
September73,20212,41985,621
October72,71512,75085,465
November71,43916,83188,270
December63,04923,80686,855
2000
January82,06620,477,..102,543
February88,70017,953106,653
March87,87019,019529107,418
April94,38017,512458112,350
May94,37614,679495109,055
Source: Data provided by the Indonesian authorities.

Since My 1998, SBI’s are sold only through auction.

Open market operations used to manage short-term banking system liquidity and interest rate conditions, introduced in December 1997.

Sale and Repurchase Agreement of bank-guaranteed commercial paper (SBPU).

Standing facility to provide overnight liquidity to SBI auction participants.

Sum of columns I through 3 less column 4.

Source: Data provided by the Indonesian authorities.

Since My 1998, SBI’s are sold only through auction.

Open market operations used to manage short-term banking system liquidity and interest rate conditions, introduced in December 1997.

Sale and Repurchase Agreement of bank-guaranteed commercial paper (SBPU).

Standing facility to provide overnight liquidity to SBI auction participants.

Sum of columns I through 3 less column 4.

Table 33.Indonesia: Bank Indonesia Certificates (SBIs) Outstanding by Holder, 1995–2000(In billions of rupiah; end of period)
DomesticForeign 1/Total
State BanksState BanksRegional Development BanksForeign and Joint VentureNonbank PublicState EnterpriseSub Total
19952,1302,634239281556,51211,85111,851
19963,1428,15461762156,44318,57718,577
19971,0912,194211,520183.4478,2914,33412,625
1998
March9982,6512311,2908715,0499,00024,049
June10,57911,1646019,5502,95744,31011,77756,087
September5,64522,03688813,2634,94346,77510,49357,268
December9,11019,3335513,51065742,6657,05049,715
1999
January6,89618,72615514,80858541,1706,28747,457
February7,53922,21530618,64380549,5084,25453,762
March4,96223,53837618,7691,49049,1352,65351,788
April10,05426,7371,35120,9432,95462,0392,72464,763
May6,53129,19937920,5102,74059,3591,76161,120
June6,27932,95716321,9872,49463.8801,79265,672
July11,99638,63415122,16861773,56680274368
August12,10536,16934421,48643870,54270.542
September9,08036,89373723,7232,76973,20273,202
October5,62639,38052523,5983,58672,71572,715
November3.87038,84773424,3113,67771,43971,439
December1,93531,84663326,0632,57263,04963,049
2000
January4,82145,03032927,9393,94782,06682,066
February11,16644,23828129,5123,50388,70088,700
March10,05643,68012032,4731,54187,87087,870
April12,34949,26715230,7621,85094,38094,380
May 2/11,68250,98727630,6402,29595,88095,880
Source: Data provided by the Indonesian authorities.

Includes holdings of foreign monetary authorities.

As of May l9, 2000.

Source: Data provided by the Indonesian authorities.

Includes holdings of foreign monetary authorities.

As of May l9, 2000.

Table 34.Indonesia: Commercial Bank Credit by Group of Banks, 1993–2000 1/2/3/(In billions of rupiah; end of period)
19931994199519961997199819992000
Mar.Jun.Sep.Dec.Jan.Feb.Mar.
Total150,271188,880234,611292,921378,134487,426366,543251,262263,262225,133225,990228,745223,235
Rupiah121,129152,738188,876234,490261,534313,118231,423165340156,485140,527136,822136,492130,875
Foreign currency29,14236,14245,73558,431116,600174,308135,12085,922106,77784,60689,16892,25392,360
Statebanks71,54380,01093,480108,925153,266220,747154,377131,791135,539112,288111,452112,297102,364
Rupiah59,73868,08579,39493,051113,436160,113116,513105,09098,42084,03880,93680,58872,122
Foreign currency11,80511,92514,08615,87439.83060,63437,86426,70137,11928,25030,51631,70930,242
Local development banks3,5544,2015,2426,4577,5396,5706,9776,1346,4766,7936,8947,2217,344
Rupiah3,5424,1765,1976,4067,4596,4456,8416,0706,4096,7436,8367,1627,286
Foreign currency1225455180125136646750585958
Private national banks60,44186,303111,644149,955168,723193,361138,35864,16462,51556,01256,25057,40760,562
Rupiah51,53472,33094,269123,788128,016132,71095,70845,22941,39139,30438,95738,91841,552
Foreign currency8,90713,97317,37526,16740,70760,65142,65018,93521,12416,70817,29318,48919,010
Foreign banks14,73318,36624,24527,58448,60666,74866.83149,17358,73250,04051,39451,82052,965
Rupiah6,3158,14710,01611,24512,62313,85012,3618,95110,26510,44210,0939,8249,915
Foreign currency8,41810,21914,22916,33935,98352,89854,47040,22248,46739,59841,30141,99643,050
Composition (in percent)
Total100.0100.0100.0100.0100.0100.0100.0100.0100.0100.0100.0100.0100.0
Statebanks47.642.439.837.240.545.342.152.551.549.949.349.145.9
Local development banks2.42.22.22.22.01.31.92.42.53.03.13.23.3
Private national banks40.245.747.651.244.639.737.725.523.724.924.925.127.1
Foreign banks9.89.710.39.412.913.718.219.622.322.222.722.723.7
Source: Data provided by the Indonesian authorities.

Includes credit to central government to finance smallholder plantations; excludes special credit facility.

Foreign currency credit valued at current exchange rate.

Unadjusted for transfers of nonperforming loans to IBRA.

Source: Data provided by the Indonesian authorities.

Includes credit to central government to finance smallholder plantations; excludes special credit facility.

Foreign currency credit valued at current exchange rate.

Unadjusted for transfers of nonperforming loans to IBRA.

Table 35.Indonesia: Commercial Bank Credit by Sector, 1994–2000 1/
1994199519961997199819992000
Mar.Jun.Sep.Dec.Jan.Feb.Mar.
(In billions of rupiah; outstanding at end of period)
Total188,880234,611292,921378,134487,426366,543251,262263,262231,117232,036234,933223,235
Agriculture13,86015,52517,63026,00239,30829,81022,50924,51023,77723,83624,34524,677
Mining7999131,6935,3165,9095,5553,5894,3113,6974,8544,8974,970
Manufacturing60,21172,08878,850111,679171,668133,28391,274100,17684,25984,98986,74682,631
Trade44,37254,22470,58682,26496,36471,70553,65153,29643,28842,18943.09941,278
Of which: Exports14,91819,15520,05139,72360,32447,22434,44936,52229,77231,13731,72831,528
Service industries50,80666,58491,656113,569139,12496,98152,85253,51243,16142,92542.11941,550
Real estate9,79013,52120,35620,19924,06016,5348,1717,4235,9846,0466,1885,900
Other9,04211,75612,15019,10510,99312,67519,21620,03426,95127,19727,53922,229
(Annual percentage change)
Total25.724.224.929.128.9−23.1−59.9−50.9−52.6−54.0−53.0−39.1
Agriculture15.012.013.647.551.2−6.4−46.0−34.0−39.5−40.5−40.2−17.2
Mining2.814.385.4214.011.2−20.2−62.8−44.3−37.4−22.6−21.5−10.5
Manufacturing17.119.79 A41.653.7−15.6−61.5−49.8−50.9−53.1−51.5−38.0
Trade17.422.230.216.517.1−33.4−60.5−51.8−55.1−57.4−56.3−42.4
Of which: Exports13.628.44.798.151.9−24,4−67.5−53.9−50.6−48.4−52.5−33.2
Service industries41.831.137.723.922.5−27.3−67.9−63.1−69.0−70.0−70.2−57.2
Real estate75.538.150.6−0.819.1−23.1−69.8−70.8−75.1−75.7−74.7−64.3
Other32.830.03.457.2−42.5−27.881.994.9145.2186.5184.175.4
Source: Data provided by the Indonesian authorities.

Unadjusted for transfers of nonperformiiig loans to FBRA.

Source: Data provided by the Indonesian authorities.

Unadjusted for transfers of nonperformiiig loans to FBRA.

Table 36.Indonesia: Maturity Structure of Bank Deposits and Credit, 1993–2000 1/(In billions of rupiah; end of period)
19931994199519961997199819992000
MarJun.Sep.Dee.Jan.Feb.Mar.
Bank credits 2/133,478167,452205,326252,412279,781333,104251,310182,910177,134159,231156,042155,674149,123
Less than three months11,23512,00014,37117,06718,82736,26526,42918,63517,57717,99216,78416,73117,162
Three to six months5,6937,7168,7579,0708,77511,38811,2495,3464,9313,8653,4843,4803,221
Six months to one year57,66171,62587,587109,144119,422138,914102,05465,69461,40856,97254,64854,28448,783
One to three years12,14417,35022,28030.46630,64732,25723,69915,15815,86715,31115,39015,64515,276
Three years and more46,74558,76172,33186,665102,110114,28087,87978,07776,35165,09165,73665,53464,681
Bank deposits50,85462,38288,894119,165125,743303,016303,022325,746301,469301,431301,020304,216301,087
Less than three months8,79016,47622,30931,77856,524201,676234,921223,407207,669197,927200,235201,331186,389
Three to six months10,29413,37419,30224,08523,46945,01119,43145,35235,96437,09041,36743,09749,357
Six months to one year15,51815,65122,75231,62510,7053,7924,42210,17015,01921,74119,54621,01925,943
One to three years13,09911,80718,30423,25920,15317,97412,81716,52817,13912,33111,05311,58610,752
Unclassified3,1535,0746,2278,41814,89234,56331,43130,28925,67832,34228,81927,18328,646
Source: Data provided by the Indonesian authorities.

Includes state banks, private national banks, foreign banks, local development banks, commercial banks, and rural banks. Excludes nonbank financial institution and foreign currency credits and deposits.

Bank credits above one year are classified as investment credits.

Source: Data provided by the Indonesian authorities.

Includes state banks, private national banks, foreign banks, local development banks, commercial banks, and rural banks. Excludes nonbank financial institution and foreign currency credits and deposits.

Bank credits above one year are classified as investment credits.

Table 37.Indonesia: Rupiah Time Deposit Rates by Group of Banks, 1993–2000 1/(In percent per annum)
StatePrivate NationalForeign and Joint VentureAll Banks
1 month3 months1 month3 months1 month3 months1 month3 months
199311.312.814.815.811.311.413.414.5
19949.79.913.613.810.610.212.412.6
199514.413.917.417.414.514.716.716.8
199615.214.917.417.814.414.016.917.3
199719.420.724.020.317.314.923.020.3
1998
March42.925.446.330.423.818.844.527.3
June52.842.354.038.839.526.752.940.6
September61.048.263.247.449.734.761.847.4
December41.248.741.950.233.140.841.449.2
1999
January37.144.839.947.030.835.737.945.5
February37.337.438.940.230.333.638.038.2
March37.035.137.834.830.529.737.334.9
April33.534.435.533.929.529.434.434.1
May29.731.730.030.724.926.729.831.2
June24.127.523.927.519.223.223.929.4
July18.222.917.124.614.219.217.623.5
August13.219.113.119.211.014.313.119.1
September12.416.512.714.610.610.812.515.9
October12.713.712.512.910.29.812.513.4
November12.413.112.212.810.19.512.212.9
December12.513.212.112.79.59.212.213.0
2000
January12.413.111.612.59.18.811.912.9
February11.812.911.012.28.68.611.312.6
March11.212.710.611.98.48.710.812.4
Source: Data provided by the Indonesian authorities.

Deposit rates are weighted averages of book value of deposits at original maturity.

Source: Data provided by the Indonesian authorities.

Deposit rates are weighted averages of book value of deposits at original maturity.

Table 38.Indonesia: Rupiah Credit Rates by Group of Banks, 1993–2000 1/(In percent)
StatePrivate NationalForeign and Joint VentureAll Banks
Working CapitalTerm LendingWorking CapitalTerm LendingWorking CapitalTerm LendingWorking CapitalTerm Lending
199319.4016.3021.7020.5016.7020.4020.5017.10
199416.8014.3018.5018.1015.1018.2017.8015.00
199516.9014.5020.1019.8017.7018.9018.9015.80
199617.0015.1020.5019.9017.7019.5019.2016.40
1997
1998
March20.9216.9531.8929.3935.0431.6527.8020.36
June24.7718.3938.9337.30454736.8533.7922.70
September27.8920.5339.9440.6652.5336.8235.7224.88
December29.0322.3538.7040.3242.8935.5334.7526.23
1999
January29.0022.3138.5239.8341.7435.6334.6125.96
February28.9722.2438.6539.1141.5335.5634.6125.89
March28.2822.4936.4739.9640.8440.2533.1226.10
April28.6722 3835.6934.5739.6535.1831.7124.02
May28.0821,9333.9633.2135.5134.7230.4623.39
June27.0321.4532.4232.0629.4133.4928.8422.75
July25.3220.5928.6030.0523.7831.9726.2121.74
August24.3619.5625.2026.6120.7528.8024.2820.34
September23.5119.2123−2224.2419.8226.2823.0719.73
October23.4118.9122.6423.6319.3024.9622.7719.39
November22.2819.1420.9121.3119.0422.8821.5919.21
December21.6117.4819.5720.6118.2822.7020.6817.80
2000
January21.1417.3118.9420.2717.2418.4320.0817.43
February21.1217.2618.1118.7616.8417.3219.7517.14
March20.3616.4817.6218.2816.3716.8118.9316.46
Source: Data provided by the Indonesian authorities.

Credit rates are weighted averages of book value of loans at original maturity.

Source: Data provided by the Indonesian authorities.

Credit rates are weighted averages of book value of loans at original maturity.

Table 39.Indonesia: Foreign Exchange and Equity Markets, 1997–2000
Rupiah per USSTotal Volume in US$ millions 1/Jakarta Stock Exchange
End PeriodPeriod AverageHighLowSpotForward & SwapTotalValue of Transactions (billions of rupiahShare Price Index 1982=100
1997January2,3962,4592,4372,3964,2344,8969,13010,292691
February2,4062,4742,4782,4683,3634,0897,4538,834652
March2,4192,4842,4912,4794,1724,9809,1529,064662
April2,4332,4962,5022,4904,1164,7378,8538,621652
May2,4402,5062,5122,5024,0135,4029,4159,885696
June2,4502,5172,5222,5132,9266,1329,05812,088725
July2,5992,5272,5302,5233,3116,1829,49313,110721
August3,0352,7083,0352,5302,9484,3597,30812,549494
September3,2752,9903,1782,9092,9664,1267,09210,200547
October3,6703,5843,8103,3552,3593,7476,10510,170500
November3,6483,4413,6603,2302,0923,2115,3037,256402
December4,6504,8275,8503,6881,9483,0645,0129,312402
1998January10,3759,26213,6005,6501,0101,1212,13211,833486
February8,7508,90210,0507,0508078851,69214,682482
March8,3259,38510,8008,3258739711,84413,896541
April7,9707,9688,4257,5007041,1281,83210,277460
May10,5259,55412,2507,9253909691,3595,097421
June14,90013,17715,25011,1503527861,1385,667446
July13,00013,87614,70013,0003638021,1658,709482
August11,07512,11313,00011,0754337321,1645,733342
September10,70010,94911,55010,7004445611,0055,073276
October7,5508,56210,7257,1254344839175,905301
November7,3007,7128,6007,3004644509158,390386
December8,0257,6868,0687,400353485838339398
1999January8,8508,5769,4507,6003775118885,416412
February8,8008,7589,00083203826361,0193,288396
March8,6508,9109,5708,3254157391,1542,950394
April8,0188,6318,7907,9704416731,1148,766495
May8,1158,0048,2107,5005306541,18417,220585
June6,7057,3748,4906,4806177171,33521,034662
July6,8806,7707,0806,5005565441,10018,407598
August7,6757,4018,1506,7805318771,40711,591567
September8,3008,2418,9707,5506079651,57310,696548
October6,8257,5138,3506,6004618321,29219,057594
November7,3156,9907,4806,6004538101,26313,271584
December7,0507,1497,3556,8903787761,15416,184677
2000January7,4057,2447,4956,8504086561,06423,509636
February7,4107,4167,6907,1405597951,35416,579577
March7,5957,4607,6507,2504981,2201,71815,256583
April7,9437,7618,0607,5454897021,1916,734527
May 2/8,6408,3198,6408,6057389761,7148,461454
Source: Bank Indonesia.

Average daily volume;includes interbank and bank customer transactions; total volume is the sum of purchases and sales.

Foreign exchange volume figures until May 26,2000.

Source: Bank Indonesia.

Average daily volume;includes interbank and bank customer transactions; total volume is the sum of purchases and sales.

Foreign exchange volume figures until May 26,2000.

Table 40.Indonesia: Summary Balance of Payments, 1994/95–1999(In millions of U.S. dollars)
1994/951995/961996/971997/9819981999
Current account−3,329−6,767−8,069−1,6994,0975,783
Oil/gas sector3,7843,4734,5371,5191,6533,088
Non-oii/gas sector−7,113−10,240−12,606−3,2172,4442,695
Exports, f.o.b.42,08347,75452,03856,16250,37051,242
Oil6,3116,5297,5135,8544,1405,680
Gas4,1344,0875,2584,3843,2794,575
Non-oil/gas31,63837,13839.26745,92442,95140,987
Imports, f.o.b.37,87646,07150,85847,405−31,942−30,599
Oil3,7243,9994,8654,195−2,623−3,705
Gas290297298298−232−262
Non-oil/gas33,86241,77545,69542,911−29,087−26,632
Oil/gas sector payments (net)−2,647−2,847−3,071−4,226−2,911−3,200
Non-oil/gas services (net)−5,129−5,823−6,178−6,230−11,928−12,465
Official transfers240220250508805
Capital account 1/7,50612,84412,667−7,630−3,876−4,571
Long-term capital (net)2,9394,4435,7266,0319.6142,082
Official capital373−915−8204,1989,9705,352
Receipts6,4507,5025,2988,29313,7369,422
Amortization6,0778,417−6,118−4,095−3,765−4,070
Direct investment2,5665,3586,5461,833−356−3,270
Other private capital4,8917,1956,941−13,661−13,478−6,653
Commercial banks’ monetary movements601,27900
Errors and omissions−5,624−2,662−700−7752,1232,080
Overall balance−1,4473,4154,598−9,3282,3443,292
Bank Indonesia (increase)1,447−3,415−3,89810,103−2,344−332
Memorandum items:
Current account (in percent of GDP)−1.8−3.43,5−0.94.34.1
Gross foreign assets outstanding17.120.626.616.523,76227,054
(In months of imports)4.95.07.04.68.96.7
Source: Data provided by the Indonesian authorities.
Source: Data provided by the Indonesian authorities.
Table 41.Indonesia: Summary of Oil and Gas Current Account, 1994/95–1999/2000(In millions of U.S. dollars unless otherwise specified)
1994/951995/961996/971997/98199819991/
Oil/gas current account3,7843,4734,5371,5191,9884,876
Oil13691,1751,259−682801,714
Gas (LNG and LPG)2,4152,2983,2781,5871,7083,162
Total oil/gas exports, f.o.b.10,44510,61612,77210,2397,28612,224
Oil export value, f.o.b.6,3116,5297,5135,8554,1196,935
Crude5,2585,1855,9784,7293,5055,923
Products1,0631,3441,5351,1256141,112
Oil export volume mn. barrel)383357366351351337
Crude296290288278296280
Products876778735557
Oil export prices (US$/barrel)16.216.920.316.41220
Crude16.417.420.716.91221
Products15.415.419.815.51119
LNG export value, f.o.b.3,7473,6034,6863,9772,8984,916
LNG export volume (MMBTU mn.)13671264137013871,4011,498
LNG export price (US$/MMBTU)2.72.93.42.92.13.3
LPG export value, f.o.b.387484572407268373
LPG export volume (’000 MT)25302610250020941,8331,657
LPG export price (US$/000 MT)157.3185.4196.5194.4146225
Oil/gas sector payments−6,662−7,143−8,990−10,567−5,297−6,900
Pertamina−2,125−2,746−3,413−3,441−2,283−3,917
Non-oil imports−89−180−138−138−126−129
Oil imports (c and f)−1,867−2,315−3,122−3,168−2,000−3,649
Crude−1,019−1,103−1,358−1,124−1,121−1,636
Products−848−1,212−1,764−2,044−879−2,014
Services (net)−169−251−152−135−157−138
Factor income−1,500−2,052−2,307−2,774−1,592−1,634
Oil companies−607−1,104−1,236−1,593−805−548
Gas companies−893−948−1,071−1,181−787−1,087
Other payments and imports−3,037−2,856−3,270−4,352−1,422−1,349
Oil cost recovery−2,211−2,015−2,361−2,737−751−756
Gas imports−290−297−298−298−244−285
Gas cost recovery−536−544−611−1,317−428−309
Source: Data provided by the Indonesian authorities.

Preliminary figure.

Source: Data provided by the Indonesian authorities.

Preliminary figure.

Table 42.Indonesia: Non-Oil/Gas Exports, 1994/95–1999(In millions of U.S. dollars)
1994/951995/961996/971997/9819981999
Non-oil/gas exports31,71637,13839,26745,92442,94940,987
Agriculture 1/4,2485,4635,1005,4055,0914,179
Minerals2,7253,5973,7464,5864,7024,130
Manufactured goods 1/24,74328,07830,42135,93333,15632,678
Agriculture4,2485,4634,6725,4055,0914,179
Rubber1,3072,0121,3611,3611,006854
Palm oil 1/0000
Coffee946643602597602465
Tea10693115172169102
Tobacco608180140139108
Pepper8516091170195183
Animal products 2/1,5191,6911,6401,8971,7791,574
Tapioca657945192123
Other foodstuff 1/00
Copra cakes 1/00
Hides534337577274
Other1076617019921,108796
Minerals2,7253,5943,7464,5864,7024,130
Tin130270287265260242
Copper9071,4221,5061,4551,7921,441
Nickel368367327226165219
Aluminum236313317294202138
Other 3/1,0841,2221,30923462,2832,090
Manufactured goods24,74328,07830,42135,93333,15632,678
Wood products5,5945,4375,5055,5554,2454,526
Textiles5,8476,4026,0227,9517,0346,291
Footwear1,9632,2012,0702,1701,5831,519
Electrical appliances1,8542,8933,7163,2512,8133,365
Handicrafts1,0855915841,6252,089569
Metal products4969718941,3721,3871,078
Fertilizer202293302304160169
Cement3713125587143
Palm oil 1/1,0471,0281,0011,5788881,369
Other foodstuff 1/646710777809984981
Copra cakes 1/7978106805147
Other5,8937,4619,43211,18311,83512,621
Annual percentage increase16.717.15.717.0−2.4−4.6
(Percent of GDP)15.718.417.321.141.728.6
Sources: Data provided by the Indonesian authorities (Bank Indonesia); and Fund staff estimates.

Since 1994/95, several commodities such as palm oil, copra cakes, and other foodstuffs are recorded in manufactured goods (previously in agricultural products).

Mainly shrimp.

Mostly coal.

Sources: Data provided by the Indonesian authorities (Bank Indonesia); and Fund staff estimates.

Since 1994/95, several commodities such as palm oil, copra cakes, and other foodstuffs are recorded in manufactured goods (previously in agricultural products).

Mainly shrimp.

Mostly coal.

Table 43.Indonesia: Non-Oil/Gas Imports, 1994/95–1999(In millions of U.S. dollars)
1994/951995/961996/971997/9819981999
Non-oil/gas imports, c.i.f.33,86241,77545,69442,91132,13628,997
Imports by government1,4202,8731,9722,4041,8651,196
Rice4091,137106130806602
Wheat6258231,0821,319535195
Sugar133466290354245167
Other253446494601279234
Capital goods imports5,9067,1137,6486,0424,9633,176
Project aid3,8103,7133,4923,485499307
Public enterprises 1/3132092844299001,190
Foreign investment1,7833,1913,8722,1283,5641,679
General imports 2/26,53631,78936,07434,46525,30824,623
Of which:
Related to other private capital1,0151,7613,5751,8661,971918
Memorandum items:
Non-oil/gas imports
Annual percentage change20.423.49.4−6.1−30.2−9.8
In percent of GDP16.820.720.119.931.220,2
Source: Bank Indonesia.

Imports for certain Pertamina (national oil company) and Garuda (national airline) projects financed by foreign loans.

Private sector imports financed through general foreign exchange provided in the foreign exchange market or through private foreign borrowing; includes consumer goods, raw materials, and capital goods.

Source: Bank Indonesia.

Imports for certain Pertamina (national oil company) and Garuda (national airline) projects financed by foreign loans.

Private sector imports financed through general foreign exchange provided in the foreign exchange market or through private foreign borrowing; includes consumer goods, raw materials, and capital goods.

Table 44.Indonesia: Non-Oil/Gas Services Account,1993/94–1999(In millions of U.S. dollars)
1993/941994/951995/961996/971997/9819981999
Total services (net)−4,522−5,129−5,823−6,179−6,230−8,370−9,297
Receipts5,0696,1757,0838,0438,2836,8607,139
Payments−9,591−11304−12,906−14,220−14,313−15,230−16,436
Transportation (net) 1/−664−755−825−875−788−727−827
Travel (net)2,1742,8923,1493,8363,9672,1541,999
Receipts3,8114,8495,4006,2796,1404,2554,352
Payments−1,637−1,957−2,251−2,443−2,173−2,101−2,353
Investment income (net)−3,886−5,122−5,799−6,095−6,821−8,189−8,997
Interest receipts 2/8838469739521,4491,6471,678
Bank Indonesia5415585575131,2039901,040
Deposit money banks342288416439245687638
Interest payments−4,276−5,338−6,011−6,003−6,884−8,691−9,234
Official 3/−3,117−3,421−3,450−3,047−2,712−3,122−3,606
Private 4/−1,159−1,917−2,561−2,956−4,172−5,569−5,668
Profit transfers−493−630−761−1,044−1,385−1,145−1,401
Foreign companies−453−570−724−1,000−1,335−1,065−1,330
Resident banks−40−60−37−44−51−79−70
Workers’ remittance3754807108126959581,109
Government, n.i.e. (net) 5/−153−164−190−240−232−78−91
Other 6/−2,368−2,460−2,868−3,616−3,051−2,488−2,490
Source: Data provided by the Indonesian authorities.

Includes hire purchase, charter hire, repair, and dockings; excluding freight on imports.

Interest on foreign exchange holdings.

Interest payments on medium- and long-term debt of the central government and public enterprises, including those related to the oil set since 1998 included Bank Indonesia forex outflow.

Estimated interest payments based on recorded debt to batiks abroad only; coverage of private sector debt may not be complete.

Includes expenditures for embassies.

Comprises subscriptions, consulting fees, communications, film rentals, life insurance, advertisements, licenses, and patents.

Source: Data provided by the Indonesian authorities.

Includes hire purchase, charter hire, repair, and dockings; excluding freight on imports.

Interest on foreign exchange holdings.

Interest payments on medium- and long-term debt of the central government and public enterprises, including those related to the oil set since 1998 included Bank Indonesia forex outflow.

Estimated interest payments based on recorded debt to batiks abroad only; coverage of private sector debt may not be complete.

Includes expenditures for embassies.

Comprises subscriptions, consulting fees, communications, film rentals, life insurance, advertisements, licenses, and patents.

Table 45.Indonesia: Imports by Country of Origin (c.i.f.), 1994/95–1998 1/(In millions of U.S. dollars)
Country 2/1994/951995/961996/97199619971998
Europe
Belgium and Luxembourg316392283394338274
Czechoslovakia 3/34312135100.3
France8529947251,0061,017568
Germany2,5122,8902,0763,0012,6292,366
Italy7268258931,212918480
Netherlands722674337493566338
Spain179228270345370160
Sweden322376503719482235
Switzerland305358265370335228
United Kingdom and Republic of Ireland7201,0187951,1181,084920
Other1,1201,3771,123541584296
Total Europe7,8079,1627,2919,2348,3335.866
Share (in percent)23.022.224.721.520.021.5
North America
Canada3,8774,8973,4435,0605,4413,517
United States565789538786682504
Other7101,1218071,8061,1671,150
Total North America5,1516,8074,7887,6517,2905,172
Share (in percent)2.116.516.217.817.518.9
Africa478600401657508403
Share (in percent)111211
Asia
China1,4531,5271,0621,5981,518906
Myanmar59881933199
Hong Kong SAR242267184262325264
India351584564866697293
Japan7,8219,5495,6908,5048,2524,292
Korea2,2212,4201,6552,4112,3221,528
Malaysia580819570824865627
Pakistan4717885189129157
Philippines6780699012765
Singapore1,9422,5141,9362,8753,4112,543
Thailand5628007571,095867842
Taiwan Province of China1,5321,8071,1351,6641,590995
Other1,7931,8481,2212,0592,7641,473
Total Asia18,67022,48214,94722,46922,88613,993
Share (in percent)55.054.450.752.354.951.2
Australasia
Australia1,6772,0361,8832,5352,4271,761
New Zealand and Oceania176204175382235143
Total Australasia1,8542,2402,0582,9182,6621,903
Share (in percent)5.55.47767
Grand total33,96141,29129,48542,92941,68027,337
Source: Data provided by the Indonesian authorities.

Includes oil and gas imports.

Indonesian classification.

Data refer to the former Czechoslovakia.

Source: Data provided by the Indonesian authorities.

Includes oil and gas imports.

Indonesian classification.

Data refer to the former Czechoslovakia.

Table 46.Indonesia: External Debt-Service Payments, 1993/94–1999
1993/941994/951995/961996/971997/9819981999
(In millions of U.S. dollars)
Total debt-service payments13,31715,84618,04520,69132,98433,37833,490
Amortisation8,97210,29511,77914,40625,78724,71124,223
Public sector5,5035,8976,4207,8504,6743,7023,030
Government5,1325,5465,9396,1184,0953,2042,580
Public enterprises3713514811,732579498450
Private sector3,4244,3985,3596,55621,11321,00921,193
Banks3,6262,4812,8443,1473,734
Nonbanks1,7334,07518,26917,86217,459
Interest payments4,3905,5516,2666,2857,1978,6679,267
Public sector3,1173,4213,4503,0472,7122,9533,522
Government2,8433,0603,1332,7232,4672,7013,220
Public enterprises274361317324245252302
Private sector1,2732,1302,8163,2384,4855,7145,745
Banks8046846421,042895
Nonbanks2,0122,5543,8434,6724,850
Total exports of goods and services41,77248,63155,18060,45765,01157,63258,740
Exports of goods36,50442,16147,75452,03856,16250,37051,242
Services5,2686,4707,4268,4198,8497,2627,498
(In percent of exports of goods and services)
Debt-services payments31.932.632.734.250.757.957.0
Public sector debt20.619.217.918.011.411.511.2
Government19.117.716.414.610.110.29.9
Public enterprises1.51.51.43.41.31.31.3
Private sector11.213.414.816.239.446.445.9
Banks8.05.25.47.37.9
Nonbanks6.811.034.039.138.0
Total Interest payments10.511.411.410.411.115.015.8
Source: Bank Indonesia.
Source: Bank Indonesia.
Table 47.Indonesia: Medium- and Long-Term External Debt, 1993/94–1999(In millions of U.S. dollars; end of period)
1993/941994/951995/961996/971997/9819981999
Total (by debtor)83,299101,278118,955127,444138,018150,887148,097
Public sector60,21967,57863,51256,28158,00171,46380,725
Government55,03762,56958,61052,63554,15967,31575,720
Public enterprises5,1825,0094,9023,6463,8424,1535.005
Of which: Pertamina nonrecourse projects4,4604,3684,3043,1693,4773,7553,444
Private sector23,08033,70055,44371,16380,01779,41967,372
Bank1/8,2079,0178,9319,62212,82610,76910,836
Nonbank14,87324,68334,01247,23960,76063,36253,238
Domestic securities owned by nonresident12,50014,3026,4315,2883,298
Total (by creditor)83,299101,278118,955127.444138,018150,887148,097
Public sector60,21967,57863,51256,28158,00171,46880,725
Suppliers’ credits (government)8741,0171,015779700716692
Financial institutions15,55417,60716,47615,17015,50018,27519,737
Bonds999926426426400426
Multilateral institutions 2/17,63919,07419,32816,45118,48726,04830,294
Bilateral21,50325,31722,28320,22619,36622,27526,133
Nationalization909680604500
Pertamina nonrecourse projects4,46043684,3043,1693,4773,7553,444
Private sector23,08033,70055,44371,16380,01779,41967372
(In percent)
Memorandum items:
Outstanding debt/GDP53.158.151,948.898.7152.5103.8
Public sector debt/GDP38.438.731.024.342.974.956.6
Private debt/GDP14.719.320.924.555.877.647.2
Outstanding debt/exports of goods and nonfactor services199.4208.3192.9167.1212.3252.6252.1
Debt on concessional terms (government)47.143.939.732.527.433.337.4
Government debt denominated in U.S. dollar38.336.742.044.343.637.637.5
Government debt denominated in Japanese yen45.345.339.837.334.133.136.2
Source: Bank Indonesia.

Includes state banks.

1998 including IMF Loans US$9.1 billion and 1999 including IMF Lows USS10.3 billion.

Source: Bank Indonesia.

Includes state banks.

1998 including IMF Loans US$9.1 billion and 1999 including IMF Lows USS10.3 billion.

Table 48.Indonesia: Public Sector External Debt Transactions, 1993/94–1999(In millions of U.S. dollars)
1993/941994/951995/961996/971997/9819981999
Government sector
Outstanding debt at beginning of period 1/50,88755,03762,56958,61052,63553,86567,315
Net drawings1,063105−209−8204,1989,9715,352
Drawings 2/6,1955,6515,7305,2988,29313,1757,932
Amortizations3/5,1325,5465,9396,1184,0953,2042,580
Adjustment4/3,0877,427−3,750−5,155−2,6743,4793,053
Outstanding debt at end of period55,03762,56958,61052,63554,15967,31575,720
Public enterprises
Outstanding debt at beginning of period4,6105,1825,0095,1823,6463,9954,153
Net drawings57364−115−1,19219998745
Drawings 2/9444153665407785961,395
Amortization3713514811,732579498450
Adjustment 4/−1−2379−344−360106
Outstanding debt at end of period5,1825,0094,9033,6463,8424,1535,004
Public sector (total)
Outstanding debt at beginning of period55,49760,21967,57863,79256,28157,86071,468
Net drawings1,636169−324−2,0124,39710,0696,097
Drawings 2/7,1396,0666,0695,8389,07113,7719,127
Amortizations3/5,5035,8976,4207,8504,6743,7023,030
Adjustment4/3,0867,190−3.741−5,499−2,6773,5393,159
Outstanding debt at end of period60,21967,57863,51356,28158,00171,46880,724
Public sector debt service 3/6,6209,3189,87010,8977,3866,6556,552
Amortization 3/5,5035,8976,4207,8504,6743,7023,030
Interest3,1173,4213,4503,0472,7122,9533,522
Source: Bank Indonesia.

Excludes loans of amaturity of one year or less debt to IMF.

As recorded in debt records - excludes drawings made in connection with prepayments.

Includes prepayments.

Mainly reflects valuation adjustments owing to changes in exchange rates, and an adjustment for the estimated grant component of public sector drawings.

Source: Bank Indonesia.

Excludes loans of amaturity of one year or less debt to IMF.

As recorded in debt records - excludes drawings made in connection with prepayments.

Includes prepayments.

Mainly reflects valuation adjustments owing to changes in exchange rates, and an adjustment for the estimated grant component of public sector drawings.

Table 49.Indonesia: Net Foreign Assets of the Banking System, 1994/95–1999(In millions of U.S. dollars)
1994/951995/961996/971997/9819981999
Net international reserves of Bank Indonesia 1/13,32415,97519,87313,54414,05616,353
Assets 2/13,32415,97519,87316,54423,76227,054
Gold 3/1,0701,0701,070817805814
SDRs4/111464394238
Fund position2912912910
Foreign exchange11,96214,61318,51115,26322,56326,001
Liabilities 5/0003,0009,54410,952
Other official assets (net) 6/3,8154,5796,739000
Commercial banks (net)−4,844−5,121−5,530−2,6162,2202,794
Assets5,7226,4547,96411,78114,41216,931
Liabilities10,56611,57513,49314,39712,19214,137
Banking system (net)12,29515,43321,08210,92816,43818,896
Assets22,86127,00834,57628,32538,17443,985
Liabilities10,56611,57513,49317,39721,73625,089
Memorandum items:
Gold (millions of fine troy ounces)3,1013,1013,1013,1013,101
Gross foreign assets4.34.1
(In months of imports) 7/4.95.47.46.2
Swap liabilities98099020500
Foreign currency deposits15,24315,512
Source: Data provided by Bank Indonesia.

Based on GFA constant rate.

Since 1997/98 GFA concept replacing official reserves.

National valuation.

Including Fund position.

Includes use of Fund credit (under the compensatory financing facility), net forward position, and reserves against foreign currency deposits.

Largely represents official assets held as a contingency reserve.

In months of the following year’s non-oil/gas imports (since 1999 GFA in months of imports and official debt repayment).

Source: Data provided by Bank Indonesia.

Based on GFA constant rate.

Since 1997/98 GFA concept replacing official reserves.

National valuation.

Including Fund position.

Includes use of Fund credit (under the compensatory financing facility), net forward position, and reserves against foreign currency deposits.

Largely represents official assets held as a contingency reserve.

In months of the following year’s non-oil/gas imports (since 1999 GFA in months of imports and official debt repayment).

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