President Joko Widodo speaks to journalists (Photo: Antara)Jakarta (VNA) – Indonesian President Joko Widodo has expressed hisoptimism that Indonesia will become the world’s fourth largest economy by 2045.
He said the prediction was based on calculations from the Office of theCoordinating Economic Minister, the Finance Ministry and the NationalDevelopment Planning Board (Bappenas).
By 2045, Indonesia will reach its 100th year of independence and thecountry will have a population of 309 million people, with economic growth of 6percent and gross domestic product of 9.1 trillion USD, the Jakarta Post quotedPresident Widodo as saying.
Furthermore, Indonesia’s income per capita is predicted to reach 29,000 USD in2045.
According to Indonesia’s national news agency Antara, the country has phasedout three 10-year stages of national development to realise its 2045 vision.
Infrastructure development, to serve as the foundation for other developmentalstages, will be carried out in the initial 10 years. Several projects in thefield are being carried out by the government, including power infrastructure,toll roads, airports and sea ports.
During 2025-2035, the country will focus on developing processing industry toincrease added value. In this period, raw materials must no longer be soldbefore they are processed, at least into semi-finished products. It will put anend to the export of crude palm oil and derivative products must be producedwhether in the form of cooking oil, cosmetics or others.
Indonesia will enjoy a demographic bonus in which the country will be supportedby 52 percent of its productive-age population and it needs to take thisopportunity for national development.
The last stage will encompass the development of the services industry, includingtourism. The country is developing 10 promising tourist attractions which areexpected to contribute to the nation’s economic growth.-VNA
VNA
