Indonesia's Industrial Sector Workforce Reaches 19.34 Million in 2023

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Erlina Fury Santika 02/01/2024 21:00 WIB

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Data compiled by the Ministry of Industry from the BPS (Central Bureau of Statistics) shows that the number of workers in Indonesia's industrial sector totaled 19.34 million in 2023. This figure is an

Number of Industrial Sector Workers in Indonesia (2018-2023)

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Number of Industrial Sector Workers in Indonesia (2018-2023)

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Data from the Central Statistics Agency (BPS), compiled by the Ministry of Industry (Kemenperin), shows that the number of industrial sector workers reached 19.34 million throughout 2023.

This number increased slightly by 0.88% compared to 2022, which was 19.17 million people.

“[The increase in the number of workers] is accompanied by a 7.3% increase in wages,” wrote Kemenperin in a report received by *Databoks* on Thursday (28/12/2023).

The 2023 achievement is also the highest in the last six years. The lowest number in the 2018-2023 period occurred in 2020, which only contributed 17.48 million industrial sector workers.

2024 Projection

Kemenperin identified various obstacles and challenges due to the impact of geoeconomics and geopolitics, which are likely to persist in 2024.

First, global economic growth is expected to slow down due to weakening economic growth in China and European countries, so global demand will also weaken and demand for products will decrease.

Second, there will be a depreciation of the exchange rate due to monetary policy in developed countries to suppress inflation by raising interest rates. Third, if the Ukraine-Russia and Palestine-Israel conflicts continue, it could disrupt regional stability, thus triggering an increase in the price of commodities, food, and energy.

Fourth, the 2024 General Election, on the one hand, has a positive impact on the national industry, but on the other hand, there is a possibility that investors will take a wait-and-see approach while waiting for the definitive inauguration of the president and vice president.

“Along with the expectation of improving global and national economic conditions, we estimate that the growth of the non-oil and gas processing industry in 2023 will be 4.81% and the target for 2024 will be 5.80%,” said Agus Gumiwang Kartasasmita, Minister of Industry, at the year-end conference with the media crew in Denpasar, Bali, Thursday (28/12/2023).

(Also read: Indonesia's Industrial Confidence Index Reaches 51.32 at the End of 2023)

Editor : Erlina Fury Santika

"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 Industrial Sector Workforce Reaches 19.34 Million in 2023

Indonesia's Industrial Sector Workforce Reaches 19.34 Million in 2023

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Indonesia's Industrial Sector Workforce Reaches 19.34 Million in 2023

Indonesia's Industrial Sector Workforce Reaches 19.34 Million in 2023

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