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Early-Stage Entrepreneurship Ratio in 38 Indonesian Provinces, August 2024

Adi Ahdiat 12/12/2024 10:45 WIB

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According to BPS data, Central Papua had the highest national rate of new entrepreneurs in August 2024, while the lowest rate was in the Riau Islands.

Early-Stage Entrepreneurship Ratio in 38 Indonesian Provinces (August 2024)

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Early-Stage Entrepreneurship Ratio in 38 Indonesian Provinces (August 2024)

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Based on Presidential Regulation (Perpres) Number 2 of 2022, a novice entrepreneur is defined as a self-employed individual, or an individual employing unpaid/casual laborers as defined in reports by the Central Statistics Agency (BPS) of Indonesia.

This Presidential Regulation also establishes a method for calculating the entrepreneurship ratio using the following formula: Ratio of novice entrepreneurs = population of novice entrepreneurs / workforce x 100%.

According to BPS data, the number of novice entrepreneurs in Indonesia reached 51.51 million in August 2024.

This figure comprises 31.50 million self-employed individuals and 20.01 million individuals employing unpaid/casual laborers.

Cumulatively, the ratio of novice entrepreneurs in August 2024 reached 33.87% of the total national workforce.

However, this ratio varies at the provincial level, as shown in the graph.

The highest ratio is in Central Papua, where the number of novice entrepreneurs reached 435,000, equivalent to 54.43% of the local workforce.

Conversely, the lowest ratio is in the Riau Islands, with 246,000 novice entrepreneurs, equivalent to 21.98% of the local workforce.

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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Early-Stage Entrepreneurship Ratio in 38 Indonesian Provinces, August 2024

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