The economy of Indonesia is a mixed economy with dirigiste characteristics, and it is one of the emerging market economies in the world and the largest in Southeast Asia. As an upper-middle income country and member of the G20, Indonesia is classified as a newly industrialized country. Estimated at over 21 quadrillion rupiah in 2023, it is the 16th largest economy in the world by nominal GDP and the 7th largest in terms of GDP (PPP). Indonesia's internet economy reached US$77 billion in 2022, and is expected to cross the US$130 billion mark by 2025. Indonesia depends on the 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.
The economy of the Philippines is an emerging market, and considered as a newly industrialized country in the Asia-Pacific region. In 2023, the Philippine economy is estimated to be at ₱25.27 trillion, making it the world's 34th largest by nominal GDP and 14th largest in Asia according to the International Monetary Fund.
Provinces are the first-level administrative divisions of Indonesia. It is formerly called the first-level provincial region before the Reform era. Provinces have a local government, consisting of a governor and a regional legislative body. The governor and members of local representative bodies are elected by popular vote for five-year terms, but governors can only serve for two terms. Provincial governments have the authority to regulate and manage their own government affairs, subject to the limits of the central government.
The economy of Asia comprises about 4.7 billion people living in 50 different nations. Asia is the fastest growing economic region, as well as the largest continental economy by both GDP Nominal and PPP in the world. Moreover, Asia is the site of some of the world's longest modern economic booms.
The Sijori was established in 1994 between three countries, Indonesia, Malaysia and Singapore, to strengthen economic links in the region and optimise the complementarity between the three countries. It started off as the SIJORI Growth Triangle in 1989, which includes Singapore, Johor, and a part of Riau Islands Province, specifically the Riau Archipelago.
Ranked lists of country subdivisions.
This is a comparison between Argentine provinces and countries by gross domestic product (PPP) per capita. All data is for the year 2008.
