Indonesia is predicted to become the engine of economic growth in ASEAN, even globally, by 2024. This prediction is based on the country's demographic bonus and the large market potential in various sectors.
According to the Chairman of the Indonesian Chamber of Commerce and Industry (KADIN), Rosan Roeslani, Indonesia's demographic bonus will reach its peak in 2030, when the productive age group will make up 70% of the population. This demographic bonus is expected to boost the country's economic growth.
In addition to the demographic bonus, Indonesia also has a large market potential in various sectors, such as the digital economy, infrastructure development, and the creative economy. Indonesia's digital economy is projected to reach a value of USD 133 billion by 2025, while the creative economy is expected to contribute up to 7% to the country's GDP by 2030.
To achieve this potential, Indonesia needs to continue to focus on infrastructure development, increase human resource quality, and create a conducive business climate. The government's efforts to accelerate infrastructure development, especially in transportation and energy, are expected to encourage investment and improve the competitiveness of Indonesian products in the global market.
Indonesia's position as a member of the G20 and ASEAN also provides an opportunity to play a greater role in the global economy. The country needs to take advantage of this position to increase its trade with other countries, especially in the ASEAN region.
In conclusion, Indonesia has the potential to become the engine of economic growth in ASEAN and even globally by 2024. To achieve this potential, Indonesia needs to continue to focus on infrastructure development, increase human resource quality, and create a conducive business climate.
