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Jakarta Post

Indonesia to be world's 4th largest economy by 2045: Jokowi

  • Fedina S. Sundaryani

    The Jakarta Post

Jakarta   /   Mon, March 27, 2017   /   03:01 pm
Indonesia to be world's 4th largest economy by 2045: Jokowi President Joko "Jokowi" Widodo speaks to journalists. (Antara/Rivan Awal Lingga)

President Joko “Jokowi” Widodo has expressed his optimism that Indonesia will become the world’s fourth largest economy by 2045.

He said the predication was based on calculations made by the Office of the Coordinating Economic Minister, the Finance Ministry and the National Development Planning Board (Bappenas).

“Based on our calculations, Indonesia will be the fourth largest economy in the world. I believe these calculations because they were made by economic experts. Who doubts Sri Mulyani Indrawati and Darmin Nasution?” he said on Monday, referring to his finance minister and coordinating economic minister, respectively.

(Read also: Jokowi targets 6.1 economic growth in 2018)

“These are all world-class economists. I am not the one who did the calculations.”

Jokowi said his Cabinet’s calculations showed that by 2045, by which point Indonesia will have reached its 100th year of independence, Indonesia will have a population of 309 million people, economic growth of 6 percent and gross domestic product of US$9.1 trillion.

Furthermore, Indonesia’s income per capita is predicted to reach $29,000. (bbn)