WHITEFLAG

Sovereign Asset Re-Optimization Portal

Indonesia

IDN

Indonesia: 275.5 million population; lower-middle-income economy. Exports: mineral fuels, machinery, mineral products; imports: machinery, mineral fuels, optical instruments. Presidential republic under President Prabowo Subianto. G20 member. Prabowo elected 2024. Capital relocating to Nusantara. Major nickel producer. ASEAN's largest economy. #100 Big Mac Index.

Headline valuation

Enterprise value
$22.91T
Scenario range
$11.71T – $23.17T
Confidence
60.0%
Integration scenario
Contested Integration

Balance sheet

Total assets
$25.42T
Total liabilities
$1.97T
Base enterprise value
$23.44T

Creditor concentration

Risk score (0-100)
40.8
Buyer autonomy
medium
Creditor HHI
0.6800

Climate & resources

Climate status
CLIMATE_DESPERATE
Water tier
ADEQUATE
ND-GAIN vulnerability
0.61
ND-GAIN readiness
0.53

Top acquisition targets (Indonesia as buyer)

Computed by SAPA (Sovereign Acquisition Propensity Algorithm). Higher probability = stronger structural fit for Indonesia acquiring this target.

  1. Cambodia (KHM): probability 0.12, deal value $80.1B, driver: Financial_Opportunity
  2. Brunei Darussalam (BRN): probability 0.11, deal value $44.3B, driver: Financial_Opportunity
  3. Singapore (SGP): probability 0.08, deal value $15.83T, driver: Chokepoint + Human_Capital
  4. Malaysia (MYS): probability 0.07, deal value $7.57T, driver: Financial_Opportunity
  5. Viet Nam (VNM): probability 0.07, deal value $12.04T, driver: Strategic + Resources + Distance_Proximal(3027km) + Limited_Projection(3027km)

About this valuation

This valuation is computed monthly by the WHITEFLAG sovereign asset valuation framework — a five-scenario rigorous model that prices nations as transferable enterprise units. See the full methodology for the formulas and data sources.

Sources: CIA World Factbook, World Bank (population, poverty, economic data), IMF World Economic Outlook (economic classification, trade), The Economist Big Mac Index (PPP comparison), Trading Economics (macroeconomic indicators), Official Government Statistical Agencies

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