Mobile phone users look at fashion products through an e-commerce application. (Photo: ANTARA)Jakarta (VNA) – Indonesian Coordinating Minister for Economic Affairs Airlangga Hartarto has said with a positive work performance and a strong foundation, thegovernment is confident of achieving twofold digital economy growth by 2025.
Hartarto cited reports from Google, Temasek,and Bain & Company, which have pegged the value of the national digitaleconomy at 77 billion USD in 2022 and projected to hit 130 billionUSD in 2025 and 360 million USD in 2023.
He noted that Indonesia has become adigital economy player in ASEAN, with 40% of total transactions in theregion coming from Indonesia.
Moreover, Indonesia has a large part of its population in the productive age, which is included in the demographic bonus; also has2,400 startups and the rate of Internet penetration as much as 77%, he added.
In 2022, the national economy grew 5.31%, and it was estimated to grow 5.3% this year.
The minister affirmed that economic growth hasbeen supported by the growth of the digital economy as well as otheronline-based services, such as food deliveries and ride-hailing.
He asserted that the government is optimisticthat the transportation and culinary sub-sectors of the digital economy will grow up to 39 billion USD by 2025, with growth capped above 20%.
As part of the short-term plan, the governmentis encouraging the use of local products by easing access to credit for micro,small, and medium businesses, Under the mid-term plan, the government isencouraging the development in many sectors, like tourism, by establishing specialeconomic zones, he added.
The minister said as part of thelong-term plan, the government is consistently putting in efforts to improvecompetitiveness, develop human resources, and create jobs by establishing theJob Creation Law./.
