Indonesia Economy

Indonesia Economy

Office workers are looking for transportation in the business district during rush hour in Jakarta, Indonesia, on February 28, 2024. The middle class in Indonesia is playing an important role in supporting national economic growth. The number of the middle class is likely to continue increasing along with rising levels of national per capita income, but most of these groups are still relatively vulnerable to being 'downgraded' if an economic shock occurs. (Photo by Afriadi Hikmal/NurPhoto)

  • Product Code
  • ILEA002392617
  • Registered date
  • 2024/2/28 00:00:00
  • Credit
  • NurPhoto / Kyodo News Images
  • Media source
  • Afriadi Hikmal/NurPhoto
  • Media size
  • 5000 × 3333 pixel
  • Resolution
  • 300 dpi
  • Deployment size
  • 8.72(MB)*
  • Special instruction

*File size when opened in Photoshop, etc.

Similar Images & Videos
    Indonesia's 2025 VAT Rate Increase

    Indonesia's 2025 VAT Rate Increase

    Evening traffic occurs in the central business district of Jakarta, Indonesia, on December 21, 2024. The government plans to raise the Value Added Tax (VAT) rate to 12 percent starting January 1, 2025. According to economist and Deputy Director of the Institute for Development of Economics and Finance (Indef), Eko Listyanto, the VAT increase reduces public consumption, thereby slowing down the economy, especially as Indonesia's economic growth is already decelerating. Meanwhile, data from the Central Statistics Agency (BPS) shows that inflation in November 2024, compared to the beginning of the year (January 2024), increases by 1.12%. (Photo by Afriadi Hikmal/NurPhoto)
      Indonesia's 2025 VAT Rate Increase

      Indonesia's 2025 VAT Rate Increase

      Evening traffic occurs in the central business district of Jakarta, Indonesia, on December 21, 2024. The government plans to raise the Value Added Tax (VAT) rate to 12 percent starting January 1, 2025. According to economist and Deputy Director of the Institute for Development of Economics and Finance (Indef), Eko Listyanto, the VAT increase reduces public consumption, thereby slowing down the economy, especially as Indonesia's economic growth is already decelerating. Meanwhile, data from the Central Statistics Agency (BPS) shows that inflation in November 2024, compared to the beginning of the year (January 2024), increases by 1.12%. (Photo by Afriadi Hikmal/NurPhoto)
        Prabowo's State Budget Shortfalls By Rp 300 Trillion To Achieve Economic Growth Target

        Prabowo's State Budget Shortfalls By Rp 300 Trillion To Achieve Economic Growth Target

        People cross a pedestrian bridge in the business district of Jakarta, Indonesia, on October 10, 2024. According to the Expert Council of the National Campaign Team (TKN), the state budget of elected President Prabowo falls short by Rp 300 trillion to achieve an economic growth target of 8 percent. Over the past decade, Indonesia's economic growth stagnates around 5 percent. The target set by President Jokowi during the 2014 presidential campaign, which aims to achieve a 7 percent growth rate, also never realizes. (Photo by Afriadi Hikmal/NurPhoto)
          Prabowo's State Budget Shortfalls By Rp 300 Trillion To Achieve Economic Growth Target

          Prabowo's State Budget Shortfalls By Rp 300 Trillion To Achieve Economic Growth Target

          Motorcycle taxis are caught in traffic congestion in the business district of Jakarta, Indonesia, on October 10, 2024. According to the Expert Council of the National Campaign Team (TKN), the state budget of elected President Prabowo falls short by Rp 300 trillion to achieve an economic growth target of 8 percent. Over the past decade, Indonesia's economic growth stagnates around 5 percent. The target set by President Jokowi during the 2014 presidential campaign, which aims to achieve a 7 percent growth rate, is also never realized. (Photo by Afriadi Hikmal/NurPhoto)
            The Wave Of Layoffs In Indonesia Is Expected To Exceed 70,000 Workers

            The Wave Of Layoffs In Indonesia Is Expected To Exceed 70,000 Workers

            People wait for transportation during rush hour at a business center in Jakarta, Indonesia, on September 18, 2024. The Ministry of Manpower records that the number of layoffs (PHK) in Indonesia from January to the end of August reaches 46,240 workers. The wave of layoffs across various industrial sectors is expected to continue growing, potentially exceeding 70,000 employees by the end of 2024. (Photo by Afriadi Hikmal/NurPhoto)
              The Wave Of Layoffs In Indonesia Is Expected To Exceed 70,000 Workers

              The Wave Of Layoffs In Indonesia Is Expected To Exceed 70,000 Workers

              People wait for transportation during rush hour at a business center in Jakarta, Indonesia, on September 18, 2024. The Ministry of Manpower records that the number of layoffs (PHK) in Indonesia from January to the end of August reaches 46,240 workers. The wave of layoffs across various industrial sectors is expected to continue growing, potentially exceeding 70,000 employees by the end of 2024. (Photo by Afriadi Hikmal/NurPhoto)
                The Wave Of Layoffs In Indonesia Is Expected To Exceed 70,000 Workers

                The Wave Of Layoffs In Indonesia Is Expected To Exceed 70,000 Workers

                A woman during rush hour at a business center in Jakarta, Indonesia, on September 18, 2024. The Ministry of Manpower records that the number of layoffs (PHK) in Indonesia from January to the end of August reaches 46,240 workers. The wave of layoffs across various industrial sectors is expected to continue growing, potentially exceeding 70,000 employees by the end of 2024. (Photo by Afriadi Hikmal/NurPhoto)
                  The Decline Of The Middle Class In Indonesia

                  The Decline Of The Middle Class In Indonesia

                  Traffic scene in Jakarta, Indonesia, on September 12, 2024, during rush hours. The Coordinating Minister for Economic Affairs, Muhadjir Effendy, states that the government seeks solutions to the issue of the shrinking middle-class population, including the provision of social protection such as health care and employment. The decline in the middle-class population in Indonesia is a critical issue that requires serious attention from various stakeholders. The middle class plays a crucial role in the country's economy, as they are key consumers, providers of skilled labor, and drivers of innovation and economic growth. When the middle class shrinks, the effects can be felt widely, ranging from reduced purchasing power to increased economic instability. (Photo by Afriadi Hikmal/NurPhoto)
                    The Decline Of The Middle Class In Indonesia

                    The Decline Of The Middle Class In Indonesia

                    People walk in the business district during rush hours in Jakarta, Indonesia, on September 12, 2024. According to the Coordinating Minister for Economic Affairs, Muhadjir Effendy, the government continues to seek solutions to the issue of the shrinking middle-class population, including the provision of social protection such as health care and employment. The decline in the middle-class population in Indonesia is a critical issue that requires serious attention from various stakeholders. The middle class plays a crucial role in the country's economy, as they are key consumers, providers of skilled labor, and drivers of innovation and economic growth. When the middle class shrinks, the effects can be felt widely, ranging from reduced purchasing power to increased economic instability. (Photo by Afriadi Hikmal/NurPhoto)
                      The Decline Of The Middle Class In Indonesia

                      The Decline Of The Middle Class In Indonesia

                      People walk in the business district during rush hours in Jakarta, Indonesia, on September 12, 2024. According to the Coordinating Minister for Economic Affairs, Muhadjir Effendy, the government continues to seek solutions to the issue of the shrinking middle-class population, including the provision of social protection such as health care and employment. The decline in the middle-class population in Indonesia is a critical issue that requires serious attention from various stakeholders. The middle class plays a crucial role in the country's economy, as they are key consumers, providers of skilled labor, and drivers of innovation and economic growth. When the middle class shrinks, the effects can be felt widely, ranging from reduced purchasing power to increased economic instability. (Photo by Afriadi Hikmal/NurPhoto)