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Jakarta Post

RI predicted to be high-income country by 2045

  • The Jakarta Post

Jakarta   /   Wed, January 9 2019   /  12:24 am

Indonesia can enjoy the demographic bonus and avoid the middle-income trap if it can maintain economic growth of at least 5 percent each year until 2045, National Development Planning Minister Bambang Brodjonegoro has said.

Bambang said if Indonesia could take full advantage of its demographic bonus, it would become a high-income country in 2045, when the country commemorates its 100th anniversary.

“However, economic growth should be kept to at least 5 percent,” he said in a reference to the country’s growth in the past two years.

“We could even get out of the middle-income trap by 2038 if we do that,” Bambang said following a public discussion on Indonesia’s vision toward 2045 on Tuesday.

Indonesia is predicted to experience a demographic bonus from 2020 to 2035 as a result of robust economic growth, thanks to a larger working age group, which i...