Indonesia Compared to Brazil, Russia, India and China

Hope for Indonesia to enter the country group with the world's new economic powers growing stronger. The reason, Indonesia has various requirements as a potential economic power. 

The group states with a new economic power is often alluded to BRIC, an acronym popularized by Goldman Sachs Group, to refer to the four countries, Brazil, Russia, India and China. 

According to Goldman Sachs, gross domestic product (GDP) four candidate countries the new world economic power by 2027 is expected to reach U.S. $ 30.2 trillion or exceed the GDP of seven industrialized nations (G-7) in 2027. In fact, the BRIC will become the most dominant economic power in 2050. 

However, the number of people assessing Indonesia worthy entry in the BRIC group. Morgan Stanley economist, Chetan Ahya stresses need to be added I (Indonesia) in BRIC to become BRICI. 

"Indonesia still lags behind the BRIC countries in terms of highly educated workers, an important point in moving the economy," he said as quoted by Bloomberg Ahya some time ago. 

  

So how about the real Indonesia when compared with the BRIC countries. 

MARKET POTENTIAL 

Indonesia's population of 230 million people which is often used as a measure of a country market. This amount is relatively large compared with Brazil's 194 million people and Russia's 141 million inhabitants. However, smaller when compared with 1198 million people of India and China 1346 million people.

NATURAL RESOURCES 

Indonesia is a country that has abundant natural resources. Indonesia is the number one producer of crude palm oil, tin and number two's second largest coal exporter. Russia and Brazil are also known as the world's largest exporter of natural resources. Meanwhile, China and India are likely to become the dominant exporter of manufactured goods. 

ECONOMIC GROWTH 

Indonesia recorded a growth above 5 percent per year. In fact, along with China and India, the country is also positive growth during the crisis and the largest in the group G-20 countries. Indonesia's economic expansion rate will reach 6.0 or faster this year from Russia amounted to 4.3%. 

GDP PER CAPITA 

Actual nominal gross domestic product per capita of Indonesia (based on purchasing power parity / PPP) in 2009 in the range of U.S. $ 3,900. This is better than India's GDP per capita is only U.S. $ 2,900. 

BUDGET DEFICIT 

In terms of fiscal balance to GDP, Indonesia including a healthy state. Indonesia deficit is only 1.6 percent, Russia reach 6 percent, Brazil 3.3 percent, India 10 percent, and China 2.2 percent. 

DEBT RATIO 

Indonesia's debt to GDP ratio is small, namely 23 percent. Meanwhile, Brazil's debt ratio of 17.1 percent, Russia 38.5 percent, India 17.5 percent and China 7.9 percent. 

RESERVES 

Indonesian foreign exchange reserves is small compared with the BRIC countries, which only amounted to U.S. $ 86.5 billion. China's largest foreign exchange reserves held U.S. $ 2,389 billion, Russia U.S. $ 416 billion, India U.S. $ 261 billion and Brazil U.S. $ 237 billion. 

INTERNET USERS 

Internet users often used as a reference for measuring the progress of a country. For this size, Indonesia is low, ie 8.7 persons per 100 population, or 8.7 percent of the population. But India is lower, namely 5.1 percent. Meanwhile, in China as much as 28.5 percent, Brazil 38.7 percent and 42.4 percent Russians. 

CUSTOMER PHONE 

For mobile subscribers, Indonesia is high when compared with the BRIC countries, namely 69.2 percent. Indonesia is only surpassed by Russia, which reached 163.6 percent, which means one person has more than one phone. Meanwhile, Brazil at 89 percent, Chinese 55 percent and India only 43.8 percent.