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E K O N I D
Dear EKONID Members,
2014 was another exciting and busy year for EKONID, marking its 90th anniversary of existence in Indonesia, from
1924 to 2014. This report shall give you an overview of the main activities.
For Indonesia the year 2014 was dominated by the end of president Yudhoyono’s ten year long tenure, and
consequently by the elections of a new parliament in April and a new president in July. President Joko Widodo
(Jokowi) was sworn into office on 20
th
October and the new “Kabinet Kerja” took on its positions and challenges
in November.
The economic development of Indonesia continued to slow down in 2014: the GDP grew by “only” 5.0 percent to
approx. USD 868 bn, exports declined by 3.4 percent to USD 176 bn (fob), while imports slowed down by 4.5 percent
to USD 178 bn (cif), leaving the country again with a negative trade balance. Foreign direct investment (FDI) into
Indonesia continued its positive development and grew, when calculated in Rupiah, year-on-year nominal by 14
percent to 300 bn (USD 28.5 bn), which represents an increase of more than 300 percent of FDIs during the last
five years since 2009.
The Indonesian - German bilateral trade volume slowed as well to approx. USD 6.9 bn, while German newly
realized direct investments reached an estimated value of USD 50 m in 2014. Nevertheless the interest of corporate
Germany in Indonesia is still high. EKONID participated throughout the year in eighteen (18) business promotion,
information and outreach events in Germany, plus twelve (12) in other parts of Europe and three (3) within
ASEAN, which led to ten (10) business delegations visiting the country in search for new business opportunities
and partners.
From the Chairman & Managing Director
1. Ari Soemarno
Chairman of the Board
2. Jan Rönnfeld
Managing Director
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