Indonesia's Per Capita Expenditure Increased in 2024

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Adi Ahdiat 18/10/2024 19:02 WIB

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According to BPS data, Indonesian per capita expenditure in March 2024 increased by 3.35% compared to March of the previous year.

Average Per Capita Expenditure of Indonesian Residents (March 2023-March 2024)

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Average Per Capita Expenditure of Indonesian Residents (March 2023-March 2024)

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According to a report by the Central Statistics Agency (BPS), in March 2024, the average Indonesian spent Rp1.5 million per capita per month.

This figure is up 3.35% compared to March of the previous year (year-on-year/yoy).

The increase was mainly driven by higher food expenditure.

In March 2024, average household food expenditure rose by 5.69% (yoy) to Rp751,790 per capita per month.

Meanwhile, average expenditure on non-food commodities increased by only 1.10% (yoy) to Rp748,770 per capita per month.

In March 2024, food expenditure accounted for 50.10% of total per capita expenditure in Indonesia.

This proportion increased compared to March 2023, when food expenditure accounted for 48.99%.

The increased proportion of food expenditure indicates a decline in the standard of living.

"The higher the welfare of a region's population, the smaller the share of food expenditure; the converse is also true," stated BPS in its report, *Household Consumption Expenditure in Indonesia by Province* (2024).

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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