Bank Indonesia also highlight the modern historical aspects of the country which starts from the late nineteenth century. Indonesia remained under the rule of Dutch since the late nineteenth century which took political shape in the first half of the twentieth century.
This colonial rule was crushed by the Japanese imperialists during the Second World War and took control of the state. This colonial power collapsed with the fall of Japanese Empire in the World War 2.
The first President of Indonesia was Sukarno. He maintained his power until Major General Suharto took over the power through a bloody coup.
It is Suharto who brought in foreign investment in the country along with economic reformation and paved the path for high economic growth.
This economic growth got into the glitch during the period of East Asian Crisis in the years 1997 and 1998. It is the worst financially drained country of the region. The entire discontent accumulated on the policy “New Order” adopted by Suharto which ultimately made him to resign from the post of President on 21.05.1998.
Now, let us give an over view on the economic aspects of Indonesia. The sectoral categorization of the economy shows that the maximum contribution to the economic growth is being done by the service sector (more than forty five percent) followed by industrial sector (around 41 %). Agriculture has come up as a distant third in this field with its contribution restricted to a mere 14 %. This is a clear indication of a developing economy.
The main market of export for Indonesia is Japan followed by USA, China and Singapore. The countries from which Indonesia imports its required commodities are Japan, China and Singapore.
