page_title: Economy of Indonesia
section_title: Agriculture
hierarchical_section_title: Economy of Indonesia / Sectors / Agriculture
caption_attribution_description: Deutsch: Palmölplantage gelegen in Cigudeg, bei Bogor (Java, Indonesien) English: View of palm oil plantation in Cigudeg, Bogor
context_page_description: The economy of Indonesia is the largest in Southeast Asia and is one of the emerging market economies of the world. As an upper-middle income country and member of the G20 Indonesia is classified as a newly industrialised country. It is the 16th largest economy in the world by nominal GDP and the 7th largest in terms of GDP. Estimated at US$40 billion in 2019, Indonesia’s Internet economy is expected to cross the US$130 billion mark by 2025. Indonesia depends on domestic market and government budget spending and its ownership of state-owned enterprises. The administration of prices of a range of basic goods also plays a significant role in Indonesia's market economy. However, since the 1990s, the majority of the economy has been controlled by individual Indonesians and foreign companies.
  In the aftermath of the 1997 Asian financial crisis, the government took custody of a significant portion of private sector assets through the acquisition of nonperforming bank loans and corporate assets through the debt restructuring process and the companies in custody were sold for privatisation several years later.
context_section_description: Agriculture is a key sector which contributed to 14.43% of GDP. Currently, there are around 30% of the land area used for agriculture and employed about 49 million people (41% of the total workforce). Primary agriculture commodities include rice, cassava (tapioca), peanuts, natural rubber, cocoa, coffee, palm oil, copra; poultry, beef, pork, and eggs. Palm oil production is vital to the economy as Indonesia is the world's biggest producer and consumer of the commodity, providing about half of the world's supply. Plantations in the country stretch across 6 million hectares as of 2007, with a replanting plan set for an additional 4.7 million to boost productivity in 2017. There are a number of negative social and environmental impacts of palm oil production in southeast Asia.
caption: Vast palm oil plantation. Currently, Indonesia is the world's largest producer of palm oil.
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