Indonesia's Emerging Entrepreneurs are Mostly Elderly

Demographics

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Adi Ahdiat 11/12/2024 15:29 WIB

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According to BPS data, in August 2024 there were approximately 51 million novice entrepreneurs in Indonesia, the majority of whom were senior citizens.

Number of New Entrepreneurs in Indonesia by Age Group (August 2024)*

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Number of New Entrepreneurs in Indonesia by Age Group (August 2024)*

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Based on Presidential Regulation (Perpres) Number 2 of 2022, novice entrepreneurs are defined as self-employed individuals and those employing unpaid/casual workers, as defined in reports by the Central Statistics Agency (BPS) of Indonesia.

According to BPS data, in August 2024, the number of entrepreneurs meeting these criteria reached 51.51 million people, comprising 31.50 million self-employed individuals and 20.01 million employing unpaid/casual workers.

In terms of age, the majority of novice entrepreneurs in Indonesia are senior citizens (lansia), aged 60 and above.

In August 2024, approximately 11.2 million novice entrepreneurs were aged 60 and above, consisting of 6.03 million self-employed individuals and 5.14 million employing unpaid/casual workers.

This senior citizen group constitutes 21.7% of the total number of novice entrepreneurs nationally.

Other significant age groups include 45-49 years (12.6%), 40-44 years (11.9%), and 50-54 years (11.8%).

Novice entrepreneurs younger than 40 years old are fewer in number, as shown in the graph.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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