However, to date Indonesia’s growth performance has remained solid. GDP growth in the first quarter of 2012 was 6.3 percent year-on-year, down slightly from 6.5 percent in 2011 as a whole. Consumption held up well in the first quarter of 2012, investment growth came down while net exports made a negative contribution to growth.
Indonesia was among the top 10 improvers globally in this year’s Doing Business report. Indonesia’s ranking improved from 106 in 2016 to 91 in 2017, thanks in particular to a record seven reforms that eased starting a business, getting electricity paying taxes, registering property, getting credit, enforcing contracts and trading across borders.
Electricity price hikes in 2017 for 900 VA users have contributed to an increase in inflation to 3.9 percent for the first five months of the year. The effects of higher energy costs have been partially offset by lower food inflation. This year’s inflation is expected to average 4.3 percent, remaining within Bank Indonesia’s inflation target band.
Tourism is a promising sector to boost the country’s growth. Growth in this sector could help unlock private investment, create jobs, boost exports and guide infrastructure investments. According to the World Travel and Tourism Council, every $1 million in travel and tourism spending supports around 200 jobs and $1.7 million in GDP for Indonesia.
Indonesia’s real GDP growth rose to 5.3 percent as domestic demand strengthened. Private and government consumption accelerated thanks to higher subsidy and personnel spending, as well as a pick-up in credit growth, stable inflation and strong job markets.
Sebagai pelaku ekonomi, rumah tangga berperan dalam berbagai aktivitas ekonomi mulai dari produksi, konsumsi, dan investasi. Dalam aktivitas produksi, rumah tangga menyediakan faktor produksi tenaga kerja dan modal. Seseorang yang bekerja akan mendapatkan pendapatan yang tercipta dari nilai tambah produksi berupa kompensasi tenaga kerja atau upah/gaji.
Poverty and inequality are pervasive global issues that undermine social stability, economic growth, and individual well-being. Social protection systems, encompassing social insurance, social assistance, and labor market programs, are pivotal in addressing these challenges. This paper explores the multifaceted role of social protection in combating poverty and inequality.
Eastern Indonesia (EI) is a region rich in natural resources and untapped potential in tourism sector. However, there has been a well-documented gap between EI’s economic development from the rest of Indonesia, as average per capita income of EI is signifcantly lagged behind that of the national average. One of the main contributors is the digital divide due to the inequality of access and ab…
International financial markets remain turbulent, but Indonesia's economy is relatively well-positioned to weather future external shocks and steps have been taken to improve crisis preparedness such as increasing the flexibility of any fiscal response and the creation of a government bond stabilization framework.
Indonesia’s growth is set to slow in 2014; and risks remain high. Reversing the slower growth forecast for 2014 will require additional and more focused policy responses. In particular, while policymakers in Indonesia have taken steps to encourage near-term macroeconomic stability, especially through monetary policy and exchange rate adjustments, further structural reforms are needed to suppo…