Indonesia vs Thailand
A data-driven side-by-side: investment score, economy, business climate, political stability, and tax — to help you decide where to invest, incorporate, or relocate.
Overall: Thailand ranks higher
Thailand scores 64/100 on our composite investment index, ahead of Indonesia at 58/100. This blends economic strength, political stability, business climate, financial maturity, and growth outlook. Read the breakdown below to see where each country actually leads.
Category breakdown
62
Economic strength
Thailand leads
65
48
Political stability
Thailand leads
52
55
Business climate
Thailand leads
68
58
Financial maturity
Thailand leads
72
72
Growth outlook
Indonesia leads
62
Macro snapshot
1,320
GDP (USD bn)
+805.0 bn
515
5.0%
GDP growth (%)
+2.5 pp
2.5%
$4,800
GDP per capita (USD)
-2500.0
$7,300
3.0%
Inflation (%)
+1.8 pp
1.2%
1.8%
FDI (% of GDP)
-1.0 pp
2.8%
39%
Public debt (% of GDP)
-23.0 pp
62%
278
Population (M)
+206.0M
72
Indonesia — strong sectors
- Mining & Resources10.0% of GDP78
- Digital Economy5.0% of GDP75
- Palm Oil4.0% of GDP72
- Manufacturing19.0% of GDP68
Thailand — strong sectors
- Tourism12.0% of GDP85
- Automotive7.0% of GDP78
- Electronics15.0% of GDP75
- Agriculture8.0% of GDP68
Frequently asked
Which is better for investment: Indonesia or Thailand?
Our composite investment index gives Indonesia a score of 58/100 and Thailand a score of 64/100. Thailand ranks higher overall, but the right answer depends on your sector and risk tolerance — see the category breakdown above.
Is Indonesia a safer market than Thailand?
Risk classification puts Indonesia as moderate (Growing economy with manageable risks - suitable for diversified portfolios) and Thailand as moderate (Growing economy with manageable risks - suitable for diversified portfolios).
Which has higher GDP growth: Indonesia or Thailand?
Indonesia is currently growing at 5.0% per year, vs 2.5% for Thailand. Indonesia has the faster headline growth rate today.