Signal Indonesia ranks 46th overall and 38th in Financial Services, compared with 78th in 2022

Summary

Indonesia, the largest of the six economies studied, places 46th overall on the Global Opportunity Index. It sits in a middle cluster with the Philippines at 47th and Cambodia at 56th. Like Vietnam, it has gained from strong recent economic conditions, ranking 36th on Economic Fundamentals and 15th globally on Economic Performance, although weaker institutional results still hold back its total. Its financial sector is expanding quickly, lifting it to 38th in Financial Services from 78th in 2022, which the report reads as growing depth and sophistication. Among the six it is second on Institutional Framework, with a notably high Innovation score relative to other developing economies.