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Corruption and bureaucracy are major obstacles to doing business in Indonesia.

29/09/2016 15:04 WIB

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World Economic Forum Survey Results: Main Challenges Faced by Indonesian Businesses

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Corruption and bureaucracy are major obstacles to doing business in Indonesia.

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World Economic Forum Survey Results: Main Challenges Faced by Indonesian Businesses

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Corruption is a major issue highlighted by businesspeople operating in Indonesia. Other problems identified in a World Economic Forum (WEF) survey include inefficient government bureaucracy, inadequate infrastructure, difficulties accessing finance, inflation, and unstable policies.

In the 2016-2017 Global Competitiveness Index (GCI) report, the WEF ranked Indonesia's competitiveness at 41st, down four places from its 37th ranking the previous year. Despite numerous reforms, four other countries—Malta, India, Kuwait, and Azerbaijan—outperformed Indonesia, resulting in the drop.

Indonesia's economic indicators highlighted by the WEF include its gross domestic product (GDP), ranked 10th; its macroeconomic pillar, ranked 30th; and innovation, ranked 32nd.

The financial sector showed improvement, rising seven places to 42nd. Lower rankings were recorded for health and education, labor, women's participation in trade unions, and technological readiness.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Corruption and bureaucracy are major obstacles to doing business in Indonesia.

Corruption and bureaucracy are major obstacles to doing business in Indonesia.

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Related Data

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Corruption and bureaucracy are major obstacles to doing business in Indonesia.

Corruption and bureaucracy are major obstacles to doing business in Indonesia.

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Related Data

Indonesia's Manufacturing Industry Competitiveness Ranks 5th in ASEAN

10 Countries with the Strongest Manufacturing Competitiveness

Indonesia Has a Shortage of Highly Skilled Workers

Robusta Coffee Productivity, State-Owned Plantations in Semarang Regency, Central Java, 2013-2014

Robusta Coffee Productivity, State-Owned Plantations in Kediri Regency, East Java, 2013-2014

Robusta Coffee Productivity, State-Owned Plantations in Malang Regency, East Java, 2013-2014

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