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RI per capita income to double in next decade, Jokowi predicts
President Joko “Jokowi” Widodo projects Indonesia’s income per capita will rise to Rp 153 million (US$10,944) in the next decade if the country can maintain its focus on pursuing its downstream industrial policy.
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President Joko “Jokowi“ Widodo delivers his State of the Nation address at the House of Representatives complex in Jakarta on Aug. 16, 2023 (Antara/Galih Pradipta)
I
n his annual State of the Nation address on Wednesday, President Joko “Jokowi” Widodo projected Indonesia’s income per capita would rise to Rp 153 million (US$10,944) in the next decade if the country can maintain its focus on pursuing its downstream industrial policy.
That figure would mark a more than twofold increase from the country’s current income per capita that hovers at $4,580 last year, making Indonesia an upper-middle income country according to World Bank standards.
Jokowi said on Wednesday that Indonesia had started its downstream industrial policy with minerals and the country is set to expand the effort to non-mining commodities as well, such as palm oil, seaweed and coconut, among many others.
“We are taking measures and we must carry on. It is a bitter pill to swallow for raw material exporters. It is an unfavorable condition for short-term state revenue,” Jokowi said.
“However, once a large ecosystem has been established and the processing plants are ready, I fervently believe it will produce a good result in the long run, especially for the welfare of the Indonesian people,” he added.
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Jokowi went on to say that during the country’s progress, it would also do so along with transfers of technology that use new and renewable energy resources, while minimizing environmental damage.
