Indonesia Economy

Indonesia Economy

People are walking in the business district during rush hours in Jakarta, Indonesia, on July 19, 2024. President-elect Prabowo Subianto is expressing optimism about achieving 8% economic growth, even placing a friendly bet with ministers from neighboring countries on his success. This ambitious target is coming after Joko Widodo or Jokowi, the outgoing president, promised a 7% growth rate during his 2014 campaign. However, Jokowi's administration is ultimately delivering an average growth of around 5% per year. (Photo by Afriadi Hikmal/NurPhoto)

  • Product Code
  • ILEA003019134
  • Registered date
  • 2024/7/19 00:00:00
  • Credit
  • NurPhoto / Kyodo News Images
  • Media source
  • Afriadi Hikmal/NurPhoto
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  • 3300 × 2200 pixel
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  • 300 dpi
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  • 4.70(MB)*
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Similar Images & Videos
    Indonesia's 2025 VAT Rate Increase

    Indonesia's 2025 VAT Rate Increase

    Reflections of office buildings in Jakarta, Indonesia, on December 21, 2024. The government raises 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

      Workers complete the construction of a building's roof in Jakarta, Indonesia, on December 21, 2024. The government raises 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)
          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

            Workers complete the construction of a building's roof in Jakarta, Indonesia, on December 21, 2024. The government raises 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 are at a bus stop 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)
                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)
                    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

                    A passenger in a truck passes through 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)
                      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

                      Motorcyclists pass through 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)