As the world’s third-largest democracy, Indonesia stands at a critical juncture ahead of the country’s presidential election in 2024. With incumbent President Joko Widodo ineligible to run, the outcome will result in a new leader for the first time in a decade and chart the course of Indonesia’s economic and political future. This report will provide a comprehensive understanding of Indonesia’s transformative growth and geopolitical influence.

Since taking office in October 2014, President Joko Widodo, commonly referred to as Jokowi, has steered Indonesia through a period of significant economic growth and advancement. The nation’s advantageous conditions, encompassing rich natural resources, favorable demographic trends, and an enticing domestic market, has led to a surge in investment.