Tuesday, August 5, 2008

Economic of indonesian info


Realease by British Council
Indonesia’s economy is on a moderate growth path with GDP expected to rise by 6-6.5 percent during 2006-2007, supported by stronger domestic consumption and investment. Gross investment is expected to increase to 22-26 percent of GDP, stimulated by the new Government’s planned measures to enhance certainty for investors.
The government’s new Medium Term Development Plan for the next five years, aims to raise the economic growth target to six or seven percent a year, lower the unemployment rate from 20.26 percent in 2005 to 6.7 percent in 2009 and to achieve a reduction in poverty incidence from 16.6 percent in 2004 to eight point two percent in 2009.
Economic growth in Indonesia has increased to 6.3 per cent in 2007 compare to 5 per cent in 2006 despite recent turbulence in financial market and oil prices. In 2008 the World Bank estimates that the growth will increase to 6.4 per cent in 2008 supported by the growth in domestic investment and exports. Reflecting the strong economic growth, unemployment declined from 10.6 per cent in 2006 to 9.8 per cent in 2007.

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