How much does Indonesia’s economy rely on external trade?
Trade openness
The trade-to-GDP ratio is frequently used to measure the importance of international transactions relative to domestic transactions. This indicator is calculated for each country as the simple average (i.e., the mean) of total trade (i.e., the sum of exports and imports of goods and services) relative to GDP. This ratio is often called the trade openness ratio.
Trade openness level of Indonesia
Indonesia is different from other ASEAN economies in that it relies less on external demand, with the lowest trade openness degree. This has been the reason why its growth was less affected by the recent global economic slowdown.
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