The retailer is targeting 80 million people in the middle-to-premium class. PT Mitra Adiperkasa Tbk (MAP Indonesia), the ...

However, a recent report from Indonesia's Central Statistics Agency (BPS) shows that the number of Indonesians classified as middle class has declined. In 2019, BPS data showed 57.3 million people ...

Even though Indonesia's economy has bounced back after the pandemic, with growth of around above 5% a year since 2022 amid generally low inflation, this shrinking middle class is likely to ...

Indonesia’s Central Statistics Agency (BPS) recently announced that the middle class in the country is shrinking. In 2019, the total middle class population numbered 57.33 million.

10/16/2024 October 16, 2024. As Indonesia's newly elected government takes office promising economic growth, the country's middle class is under pressure.

Indonesia defines its middle class as those who spend Rp2mn-Rp9.9mn ($122-$605) a month. In the four years to 2018, the middle class grew by 21mn.

In 2019, middle-class consumption accounted for approximately 43.39 percent of total household consumption. However, from 2020 to 2024, the proportion of middle-class consumption relative to total ...

Coordinating Minister for Economic Affairs Airlangga Hartarto stressed the importance of the middle class population for Indonesia's economy, describing it as the driving force for economic growth.

And as the middle class shrinks, the country is experiencing an annual gross domestic product increase of around 5 per cent, which also paints a picture of widening wealth inequality in Indonesia ...

Even though Indonesia's economy has bounced back after the pandemic, with growth of around above 5% a year since 2022 amid generally low inflation, this shrinking middle class is likely to ...

Even though Indonesia's economy has bounced back after the pandemic, with growth of around above 5% a year since 2022 amid generally low inflation, this shrinking middle class is likely to ...

Even though Indonesia's economy has bounced back after the pandemic, with growth of around above 5% a year since 2022 amid generally low inflation, this shrinking middle class is likely to ...