It is no secret that Indonesia is the place to be if you’re in market research analysis. Ranked 6th largest among developing countries, Indonesia is one of the fastest-growing economies in the world at around 6% GDP growth.
Mostly shielded from the turmoil of the global financial crisis, Indonesia’s economic growth is driven by domestic demand, and with 60% of Indonesians in the productive age range of 15 to 50 years, the country has a lot to look forward to.
Indonesia continues to show solid growth in GDP, per capita disposable income, and purchasing power. This has led to increased demand for consumer goods. The long-term outlook for consumer spending in Indonesia is positive, though there are significant structural risks.
Adequate knowledge and understanding of a new market is critical before deciding to enter that market. Successful market entry strategy usually involves an extensive market research as an effective method for understanding the characteristics and opportunities of the local market.
Market Research Services in Indonesia with Cekindo
Our market study helps you answer common questions:
What is the economic potential in the territory?
What are government regulations for this specific market sector?