Indonesia announced the results of its presidential election on 20 March 2024. Defence Minister Prabowo Subianto received 58.59% of the votes in a three horse race, defying predictions of the need for a run-off in June.

We explain what happened leading up to this point, and what foreign investors can expect the business landscape in Indonesia would look like moving forward.


Business risks in a post-Jokowi Indonesia

While Jokowi’s reforms have brought about positive change to operating environments for businesses, multiple risks still remain.

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Indonesia Elections 2024 infographic

There is only one Jokowi

President Joko Widodo has reached an approval rating of 82%, almost right before he finishes his term. He is well connected both with the masses and the political top brass, making his position hard to replicate.

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