Indonesia's Upper-Middle-Income Country Status: What Are the Impacts?

By Editorial Team 03/07/2020
Jakarta landscape
Summary

Amid the COVID-19 pandemic pressure, the World Bank raised Indonesia's status from the lower-middle-income country to the upper-middle-income country as of July 1, 2020. The status was upgraded because, based on the latest assessment from the World Bank, Indonesia's Gross National Income (GNI) per capita in 2019 rose to US$ 4,050 from the previous GNI of US$ 3,840.

"The upgrade on Indonesia's status is evidence of the country's economic resilience and sustainable growth that has been maintained in recent years," the Finance Ministry wrote in an official statement.

The World Bank classifies countries based on GNI per capita in 4 categories: Low Income of US$ 1,035, Lower-Middle Income of US$ 1,036 - US$ 4,045, Upper-Middle Income of US$ 4,046 - US$ 12,535, and High Income greater than US$ 12,535.

Register now and get free access.

If you want to get free access to our Daily Insights and Weekly Digest, please click "Sign up" button below. If you already have an account, please login.

Sign up
Log in
What do subscribers receive?

As a subscriber, you'll receive daily insights, weekly business digests, and quarterly industrial reports.

What kind of pieces will i get?

In-depth reports on assumption and impact analysis, as well as update and trends mapping, written by our credible and experienced analysts.

And, there is something else…

Register now and get free access, click here to register. Feel free to contact us with any additional questions you have.