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Monday, June 13, 2011

Stamp Investment Tip: Indonesia 1989 Flowers Souvenir Sheets (Scott #1378)

In 1989, Indonesia issued a set and souvenir sheet picturing flowers (Scott # 1376-77, 1378). Only 20,000 of the souvenir sheet were issued, and Scott '11 prices it unused at $35.00. Flowers are a very popular collecting topic, so demand for this issue should continue to grow on that basis alone.

A recent Price, Waterhouse, Coopers report projects that Indonesia will be one of the world's fastest growing economies over the next forty years. Should this prove accurate, and should a burgeoning Indonesian middle class provide a base for a developing stamp market, then it is likely that the values of the country's better modern souvenir sheets will increase many-fold.

Indonesia is a rapidly developing, though still poor, country of 230 million people, with an annual GDP growth rate hovering around 5%-6%. It is the largest economy in Southeast Asia. While the manufacturing and service sectors are growing rapidly, agriculture still employs more of the working population than either. The country has extensive natural resources, including crude oil, natural gas, tin, copper, and gold. Its major export commodities include oil and gas, electrical appliances, plywood, rubber, and textiles. Like most emerging market nations, Indonesia faces challenges which will have to be addressed, including corruption and major inequities in the distribution of income.

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