President Joko Widodo (Jokowi) said that economic development over the past decade has shown a positive trend amidst global uncertainty.
“In the last 10 years, we have succeeded in reducing the extreme poverty rate from 6.1 percent to 0.8 percent in 2024. In addition, stunting has also been suppressed from 37.2 percent to 21.5 percent in 2023,” said Jokowi.
President Jokowi explained that the unemployment rate has been successfully reduced from 5.7 percent to 4.8 percent in 2024. This reflects significant improvements in the employment sector and equitable development.
“We have also succeeded in taking back state assets that were previously managed by foreign parties, such as Freeport, Rokan Block, and Newmont, to be managed as much as possible for the welfare of the people,” he added.
Likewise, the Minister of National Development Planning/Head of Bappenas, Suharso Monoarfa, reported that Indonesia’s position on the global stage is getting stronger.
“Indonesia’s economic contribution has increased to 2.5 percent, higher than large countries such as Brazil, France and England,” said Suharso.
He also explained that Indonesia’s position based on Purchasing Power Parity (PPP) rose from 10th in 2014 to 7th in 2023.
Meanwhile, the World Bank also gave its appreciation for the stability of Indonesia’s economic growth which remains above 5 percent. This was conveyed by the World Bank’s Managing Director, Anna Bjerde, through the Coordinating Minister for Economic Affairs Airlangga Hartarto.
According to Airlangga, the World Bank appreciates Indonesia for successfully keeping inflation low even though the global economy is under pressure.
“The World Bank appreciates the government’s programs that have succeeded in maintaining the stability of Indonesia’s economic growth, which is much better than many other countries,” said Coordinating Minister for Economic Affairs, Airlangga Hartarto.
Airlangga also added that the World Bank projects global economic growth of only around 2.6 to 2.7 percent this year, with lower growth next year. However, Indonesia is still expected to maintain growth at around 5 percent, which is considered an extraordinary achievement amid global economic uncertainty.