Indonesia will become the 12th Most Advanced Country
Indonesia will become the 12th most advanced country in the world economy in 2020. One driving factor is the increasing of gross domestic product or GDP per capita which is currently happening in Indonesia.
The remark was made the founder of private equity firm Saratoga Capital, Sandiaga S Uno, in Jakarta, Friday (5/7/2010), when speaking as a guest lecturer at the Faculty of Management Master Program in Economics, University of Indonesia in the context of “Strategic Investment in Indonesia: A Perspective of the Private Industry Equity “.
According Sandiaga, in the year 2009, GDP per capita of Indonesia has reached U.S. $ 4149.4. Nominal GDP per capita is likely to increase since Indonesia was hit by the economic and monetary crisis in 1997. With this trend, GDP per capita is expected to continue rising.
Data also showed that the number of Indonesian people who have incomes above U.S. $ 4000 or about USD 37 million to 20 million people. In addition, there are 20 million other people who have income above 7000 U.S. dollars, or about USD 65 million.
“This shows an increase in quality middle-income group in Indonesia. This is good news. The data show the number of population who have a lot of money in Indonesia will be more and more. Entrepreneur of consumption goods will love it,” said Sandiaga.
The increase in GDP per capita was significantly increased the average purchasing power in Indonesian society. Increased buying power to show the potential future increase in consumption which is the fertile field for entrepreneurs in developing its business.
“The middle class who got it would push Indonesia into a country with the 12th largest economy in the year 2020,” said Sandiaga.