According to the International Monetary Fund (IMF), in 2024, Indonesia's GDP reached around US$4.7 trillion, higher than that of France (USD 4.36 trillion) and the United Kingdom (USD4.28 trillion).
"Indonesia has a GDP of around USD4.7 trillion. This makes Indonesia the eighth-largest economy in the world. Indonesia is an important part of the Global South," Hartarto said while delivering a speech at the Indonesia Economic Summit (IES) 2025 here on Tuesday.
He noted that Indonesia's economic growth reached 5.03 percent in 2024. This is considered stable compared to other countries such as the United States, China, Brazil, and other ASEAN countries.
On account of this, he said he believes Indonesia is fit to join the Organisation for Economic Co-operation and Development (OECD).
"It is important for the OECD to include Indonesia to make OECD more inclusive," he added.
Looking at economic stability, Statistics Indonesia (BPS) reported that annual inflation was recorded at 0.76 percent in January 2025.
Indonesia has also recorded a trade surplus for 57 months in a row, which is valued at USD31 billion. The nation's exports of important goods like nickel and precious metals have grown by 17.3 percent and 18.3 percent, respectively.
In addition, in September 2024, Indonesia's poverty rate dipped below 10 percent to reach 8.57 percent. The country's open unemployment rate was 4.91 percent in August 2024.
To reach the growth goal in 2025, the government has initiated various economic stimuli, such as the optimization of social assistance, a 10-percent discount on plane tickets, and a 50-percent reduction in electricity costs in January and February 2025.
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Translator: Bayu S, Kenzu
Editor: Rahmad Nasution
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