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

Author

Listed:
  • Mohamad Ikhsan
  • Lovina Aisha Malika Putri
  • I Gede Sthitaprajna Virananda
  • Adhi Nugroho Saputro

    (Institute for Economic and Social Research, Faculty of Economics and Business, Universitas Indonesia (LPEM FEB UI))

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.

Suggested Citation

  • Mohamad Ikhsan & Lovina Aisha Malika Putri & I Gede Sthitaprajna Virananda & Adhi Nugroho Saputro, 2025. "Estimating Indonesia's State-Owned Enterprises' Value-Added to the Indonesian Economy," LPEM FEBUI Working Papers 202586, LPEM, Faculty of Economics and Business, University of Indonesia, revised 2025.
    • Handle: RePEc:lpe:wpaper:202586
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    File URL: https://lpem.org/repec/lpe/papers/WP202586.pdf
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    More about this item

    Keywords

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    JEL classification:

    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • L32 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Public Enterprises; Public-Private Enterprises
    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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