Reaching High-Income Country Status by 2036: Bappenas' Scenario
- A Small
- A Medium
- A Bigger
The National Development Planning Ministry/National Development Planning Agency (PPN/Bappenas), in the 2020-2024 National Medium-Term Development Plan (RPJMN), states that Indonesia's economic growth must be high during the 2020-2024 period to become a high-income country by 2036. Therefore, the government targets an average economic growth of 6% over the five years, falling under the high-growth scenario.
This scenario consecutively targets Indonesian economic growth of 5.5% in 2020; 5.7% in 2021; 5.9% in 2022; 6.2% in 2023; and 6.5% in 2024. Meanwhile, in the second (medium-growth) scenario, the government targets an average Indonesian economic growth of 5.7%. For the lowest scenario, the government only targets an average Indonesian economic growth of 5.4%.
However, Indonesia faces several challenges in achieving its economic growth targets. The World Bank, in its latest report, projects Indonesia's economy to grow at only 5.1% in 2020. The Indonesian institution, Indef, also projects Indonesia's economy to be far from the expected scenario, at 4.8%.
"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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| Inflasi yoy (Sep) | 3,28% | +0.09 | |
| Inflasi mom (Agu) | 0,21% | +0.35 | |
| Economic growth | 5,11% | +0.08 | |
| Pertumbuhan ekonomi (yoy) (Q1) | 5,61% | +4.08 | |
| Persentase kemiskinan (Mar) | 8,07% | -0.18 | |
| Gini rasio (Sem2) | 0,38 | 0.00 | |
| Nilai Tukar USDIDR | 18.035 | -0.15 | |
| PDB ADHK (Q2) | 3.576,20 | +3.73 | |
| Ekspor Migas (Agu) | 992,20 | +25.98 | |
| Neraca perdagangan (Agu) | 3,55 | +2,814.03 | |
| Impor Migas (Agu) | 3,53 | -6.37 | |
| Ekspor (Agu) | 26,61 | +1.51 | |
| Impor (Agu) | 23,06 | -11.63 | |
| Kunjungan Wisman (Agu) | 1,60 | +4.89 | |
| NTP (Jul) | 116,16 | +1.32 |
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