Indonesia - Aims Per Capita Income US$10,000 - 2030

Indonesia revealed the government's plan to increase per capita income above US$10,000 by 2030. This is in line with the government's vision of Golden Indonesia 2045. The government wants Indonesia to become an advanced nation by 2045. Thus, by 2030 the government aims the nation to become a middle-income, escaping the middle-income trap.

Indonesia's estimated economic growth could be in the range of 5-5.5 percent. Thus, the per capita income in 2024 could reach US$5,500. Today, Indonesia [per capita income] is US$4,700. 

To achieve a per capita income of US$10,000 or around Rp150 million per year, he said, the minimum income would be Rp10 million per month. Therefore, we must look for which industrial sectors are capable of paying their workers Rp10 million per month. 

Textiles and footwear must be diverted to products that have higher value. Indonesia need to move away from industries that can also be done by other countries such as Bangladesh and others. This is the target for the banking industry.