Indonesia a Middle-Upper Income Country in 2020?

The Indonesian government aims for Indonesia to become a high-income country by 2045. By its 100th anniversary, Indonesia will be a developed country with a Gross Domestic Product (GDP) of US$23,199 per capita.

According to World Bank data, Indonesia is currently classified as a lower-middle-income country, with a Gross National Income (GNI) of US$3,840 per capita in 2018. Therefore, Indonesia has the potential to be upgraded to an upper-middle-income country by 2020. In the summary of the draft National Medium-Term Development Plan (RPJMN) 2020-2024, the government projects Indonesia's GNI to reach approximately US$4,300 per capita in 2020.

(Read Databoks: Target Economic Growth of Indonesia 2020-2024)

For information, the World Bank classifies countries based on per capita national income (GNI per capita) as follows: First, low-income countries with a GNI below US$995 per capita. Second, lower-middle-income countries with a GNI of US$996-3,895 per capita. Third, upper-middle-income countries with a GNI of US$3,896-12,055 per capita. Fourth, high-income countries, those with a GNI above US$12,055 per capita.

(Read Databoks: Indonesia's GDP per Capita Below Thailand)