"Indonesia's economic growth has been consistently pegged at around five percent, surpassing the average global rate of 3.4 percent," he remarked during the presentation of the 2025 Draft State Budget (RAPBN) and its financial notes at the Parliamentary Complex, Jakarta, on Friday.
The president praised Indonesians as people of a resilient nation able to brave a variety of tough global challenges in the last decade, such as the COVID-19 pandemic, geopolitical tensions, trade wars, crises, and climate change-induced disasters.
"Praise be to God, in the midst of those challenges and uncertainties, our political and economic situations remain stable and even grow sustainably," he pointed out.
Jokowi then highlighted the addition of 21.3 million new workforce during the 2015-2024 period while spotlighting the fact that Indonesia's debt ratio has been one of the lowest among member states of the Association of Southeast Asian Nations (ASEAN) and G20.
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Moreover, the president highlighted that Indonesia's export value had increased by over 70 percent, hitting US$259 billion last year. This positive trend is coupled with a surplus in trade balance in the last 51 months.
According to data from Statistics Indonesia (BPS), the export value in June 2024 stood at US$20.84 billion, with the manufacturing sector being the most significant contributor.
Earlier, on July 15, BPS Acting Head Amalia Adininggar Widyasanti revealed that during the period from January to June 2024, the export value of the manufacturing sector was registered at US$91.65 billion, thereby contributing as much as 73.27 percent to Indonesia's total export value.
Related news: Indonesia's economic growth still good amid uncertainties: BI
Translator: Martha H, Tegar Nurfitra
Editor: Yuni Arisandy Sinaga
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