Indonesia is one of the fastest-growing countries in the world. A report by PWC states that Indonesia will become the fourth largest country by GDP in the world by 2050. This is evident in the past few years as the country’s GDP has consistently been growing at more than 5% annually (vs. 3% global average). The country is already the biggest economy in Southeast Asia with more than USD 1 trillion in GDP.
In August 2019, President Joko Widodo has announced that Indonesia is moving its capital city from Jakarta to East Kalimantan. Indonesia’s new capital is going to be located somewhere in the municipalities of Kutai Kartanegara and Penajam Paser Utara in East Kalimantan (Borneo Island).