The Jakarta Post
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...