OVERVIEW

2014 was an interesting year for Indonesia with developments in the economic, political, and legal realms likely to shape the journey of this republic over the next several years.

In terms of economic development, 2014 was somewhat more sluggish than previous years. Economic growth only reached 5.1 percent, significantly lower than 2011and 2013.[1] The Rupiah exchange rate is at its lowest point in the last 10 years, reaching IDR 12,000 per US dollar. The situation worsened as Indonesia is no longer able to rely on revenue from the energy and natural resources sector following a general decrease in oil and gas lifting.[2]