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Indonesia's Cooperative Business Volume Will Not Reach 1% of GDP in 2024

Adi Ahdiat 15/04/2025 13:03 WIB

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According to BPS data, the national volume of cooperative businesses reached Rp214 trillion in 2024. This is equivalent to 0.97% of the nominal GDP.

Ratio of Cooperative Business Volume to Indonesia's Current Price GDP (2014-2024)

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Ratio of Cooperative Business Volume to Indonesia's Current Price GDP (2014-2024)

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Indonesia's cooperative sector contribution to the national economy remained relatively low until 2024.

This is evident in the small ratio of cooperative business volume to the Gross Domestic Product (GDP).

The volume of cooperative business refers to the total value of revenue or sales of goods and services obtained by cooperatives within a fiscal year.

According to data from the Central Bureau of Statistics (BPS), in 2024 the national volume of cooperative business reached Rp214 trillion.

This figure represents less than 1%, specifically only 0.97%, of Indonesia's 2024 Gross Domestic Product (GDP), which was valued at Rp22,139 trillion.

Furthermore, during the 2017-2024 period, the ratio of cooperative business volume to GDP did not experience significant changes, only slightly fluctuating around the 1% level as shown in the graph.

Despite this, the contribution of cooperatives to the Indonesian economy has the potential to increase in the near future.

In March 2025, President Prabowo Subianto ordered the establishment of 80,000 Red and White Cooperatives. This order was established through Presidential Instruction Number 9 of 2025.

Red and White Cooperatives are village/sub-district level cooperatives that conduct business activities such as the procurement of basic necessities, money lending and saving services, clinics, pharmacies, warehousing, logistics, and others.

The government stated that it will provide support in the form of funding, guidance, mentoring, empowerment, and facilitation for these cooperatives.

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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Indonesia's Cooperative Business Volume Will Not Reach 1% of GDP in 2024

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Indonesia's Cooperative Business Volume Will Not Reach 1% of GDP in 2024

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