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Jokowi sees GDP per capita reaching $7,000 in five years
The President expects GDP per capital to grow almost 40 percent to $7,000 over the next five years and nearly 80 percent to $9,000 by 2034, with Indonesia claiming a place as an Asian superpower alongside India and China.
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President Joko “Jokowi“ Widodo speaks on Oct. 8, 2024 before an audience of some 2,000 during the BNI Investor Daily Summit 2024 at the Jakarta Convention Center (JCC) in Tanah Abang, Central Jakarta. (ANTARA/Andi Firdaus)
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ndonesia’s gross domestic product (GDP) per capita is expected to exceed US$7,000 in 2029, according to President Joko “Jokowi” Widodo, who added that he expected the figure to reach $9,000 in the next 10 years.
The country’s GDP per capita currently stands at $5,060.
“As long as our economic growth can be sustained above 5 percent or as Pak [Mr.] Prabowo targets, 8 percent, it will expedite our country’s [goal] of becoming a developed nation,” the President said on Tuesday at the BNI Investor Daily Summit 2024, referring to president-elect Prabowo Subianto.
Jokowi also said the transition to the next administration was running smoothly, conveying his hope that a seamless transfer of power would create optimism about the country’s economic prospects.
Defense Minister Prabowo, who won the February election by a landslide, is to be installed as the country’s eighth president on Oct. 20.
“We see the shift from the West to Asia; economic growth has also shifted to Asia. [We] predict that in Asia, there will be three new economic superpowers: India, China and Indonesia,” Jokowi said in his speech at the summit.
“Optimism is important. Staying optimistic is important. I think we all know what the challenges are going to be moving forward,” he continued, pointing to weak global growth, rising geopolitical tensions and climate change.
