That achievement was mainly sustained by high and inclusive growth of domestic demand, in particular consumption. Indonesia is relatively less exposed to external shocks than other economies in the region as its trade share to GDP is relatively small at around 50 percent of GDP, with its export is still dominated by natural resource commodities.
Expanded disclosures in this area would improve market participants’ understanding of an institution’s risk profile and whether the firm has adequately provided for its estimated credit losses in a consistent, well-disciplined manner. Accordingly, I strongly encourage institutions to provide additional disclosures in this area.