Estimating Indonesia's State-Owned Enterprises' Value-Added to the Indonesian Economy

Mohamad Ikhsan, Lovina Aisha Malika Putri, I Gede Sthitaprajna Virananda and Adhi Nugroho Saputro
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Adhi Nugroho Saputro: Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI)

No 202586, LPEM FEBUI Working Papers from LPEM, Faculty of Economics and Business, University of Indonesia

Abstract: Contrary to popular perception, the role of state-owned enterprises (SOEs) in Indonesia’s economy is relatively limited. Between 2010 and 2022, SOEs contributed only 6–8% to nominal GDP annually, with considerable variation across sectors. By 2022, the ten largest SOEs accounted for 85% of total SOE assets, while the remaining 51 firms comprised just 15%. Over the past decade, the number of SOEs has declined due to consolidations and institutional transitions into government agencies.

Keywords: State-Owned Enterprises — value added — Gross Domestic Product — national accounts — comparative methodology; Indonesia (search for similar items in EconPapers)
JEL-codes: E01 H54 L32 O53 (search for similar items in EconPapers)
Date: 2025-86, Revised 2025
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