According to the minister, investment in Indonesia's digital economy sector reached almost US$22 billion in 2023. The figure was lower compared to Singapore (US$141 billion), but higher compared to Vietnam (US$18 billion) and Malaysia (US$17 billion).
He said that the achievement was inseparable from the government's efforts to push the expansion of payment system digitalization.
Indonesia's competitiveness rose 11 ranks to 45th place in 2023. In 2019, the country was 56th in competitiveness rankings.
In his presentation, Hartarto highlighted that the positive trend of digital technology adoption in ASEAN in 2022 also helped drive the value of ASEAN's digital economy to US$194 billion, with Indonesia's share reaching 40 percent.
The e-commerce sector remains the main sector supporting Indonesia's digital economy.
According to the minister, several factors supported ASEAN's digital market share progress. First, there were 460 million Internet users in ASEAN countries in 2022.
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Second, more than 90 percent of rural communities were users of digital services in the region.
Third, the value of venture capital investment in the ASEAN region reached US$13 billion in the first half of 2023.
Therefore, he said that the digital economy niche market in ASEAN could be one of the targets of Indonesia's digital economy. In addition, Indonesia is home to startups and has 15 unicorns and 2 decacorn companies.
On the same occasion, President Joko Widodo (Jokowi) said that amid global economic uncertainties, Indonesia needs to use all existing instruments to continue growing.
One of the fields that is considered to have big potential is the digital economy sector.
"I have repeatedly conveyed about Indonesia's digital potential opportunities in the future. (Our) Digital economy will grow fourfold by 2030, reaching around US$210 billion to US$360 billion," he informed.
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Translator: Bayu Saputra, Raka Adji
Editor: Yuni Arisandy Sinaga
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