01.03.01. Strength of the economy | Indonesia
01.03.01. Strength of the economy | Indonesia
12 Apr 2022
According to the World Bank, Indonesia is an emerging middle-income country and ‘the world’s 10th largest country in terms of purchasing power parity and an annual growth rate of 5.6% (Agustina et al., 2019, p.78; World Bank, 2019a). Since 1999, the poverty rate has reduced by more than half to 9.8% in 2018. Substantial progress has also been made with regards to GDP. Between the years 2000 and 2018, Indonesia’s GDP per capita steadily increased from $807 to $3,877 (World Bank, 2019a).
References:
Agustina, R., Dartanto, T., Sitompul, R., Susiloretni, K. A., Suparmi, Achadi, E. L., Taher, A., Wirawan, F., Sungkar, S., Sudarmono, P., Shankar, A. H., Thabrany, H., Susiloretni, K. A., Soewondo, P., Ahmad, S. A., Kurniawan, M., Hidayat, B., Pardede, D., Mundiharno, … Khusun, H. (2019). Universal health coverage in Indonesia: concept, progress, and challenges. The Lancet, 393(10166), 75–102. https://doi.org/10.1016/S0140-6736(18)31647-7
World Bank. (2019a). Indonesia. https://www.worldbank.org/en/country/indonesia/overview