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Jakarta Post

Bank Indonesia sees creative industry, tourism as catalyst to economic growth

  • Ayomi Amindoni
    Ayomi Amindoni

    The Jakarta Post

Jakarta   /   Fri, August 26, 2016   /  03:04 pm
Bank Indonesia sees creative industry, tourism as catalyst to economic growth A glimpse of PopCon Asia 2015, the Asian annual pop culture festival for the creative content industry, in particularly film, comics, toys and animation created by local and international creators. (Kompas/Lasti Kurnia)

Bank Indonesia Governor Agus Martowardojo said on Friday that the creative economy and tourism could support the country's future economic growth, as small and medium-sized enterprises (SMEs) in these sectors could potentially contribute 70 percent to gross domestic product (GDP).

The central bank said SMEs had contributed 60.3 percent of GDP and absorbed 97 percent of the total working population in which it was showing that it was becoming a catalyst for the economy, similar to what was experienced in the country just after the monetary crisis of 1998.  

"We see potential in tourism and the creative economy to contributing to our economic growth," Agus said in Jakarta. 

Indonesia posted robust economic growth in the second quarter, at 5.18 percent year-on-year but growth was still dominated by Sumatra and Java, while Kalimantan and other eastern regions of the country were still experiencing a slowdown, he said. (dan)

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