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In June 2016, economic relations between Indonesia and the Philippines took a minor strain, when the Indonesian officials suspended coal exports to the Philippines. This decision was made after 7 Indonesian sailors carrying boats of coal en route to the Philippines were kidnapped by Filipino militants in the Sulu Sea.
Indonesia nominal GDP reached 20.892 quadrillion rupiah ($1.371 trillion) 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. [35]
The economy of the Philippines is an emerging market, and considered as a newly industrialized country in the Asia-Pacific region. [ 31 ] In 2024, the Philippine economy is estimated to be at ₱26.55 trillion ($471.5 billion), making it the world's 32nd largest by nominal GDP and 13th largest in Asia according to the International Monetary Fund.
Indonesia–Philippines border. The border between Indonesia and the Philippines consists of a maritime boundary mainly on the Celebes Sea that separates the two Southeast Asian countries as defined through a pact that was signed by both parties in 2014. [1] The border is also the Exclusive Economic Zone (EEZ) boundary between Indonesia and the ...
Rank Country Population in million GDP Nominal millions of USD GDP Nominal per capita USD GDP (PPP) millions of USD GDP (PPP) per capita USD — ASEAN 685.567: 3,862,060
Show comments. JAKARTA (Reuters) -Indonesia's key parliamentary budget committee approved on Tuesday increased spending for the incoming government of President-elect Prabowo Subianto, who is set ...
The Indo-Pacific Economic Framework for Prosperity (IPEF) is an economic initiative launched by U.S. President Joe Biden on May 23, 2022. [1][2] The framework launched with fourteen participating founding member nations in the Indo-Pacific region with an open invitation for other countries to join.
Even though Catholics make up only 3% of Indonesia’s population, the sheer number of Indonesians -- 275 million -- makes the archipelago home to the third-largest Christian community in Asia ...