Pandemic Relegates Indonesia from Upper Middle-Income Country

By Editorial Team 08/02/2021
economic downturn
Summary

Statistics Indonesia’s (BPS) data showed that the country’s economic growth in 2020 contracted 2.07 percent, meaning that last year’s Gross Domestic Product (GDP) per capita suffered from a year-on-year decrease. "GDP per capita in 2020 has decreased by Rp 56.9 million or around US$3,911.7," the head of BPS, Suhariyanto, revealed on Friday (2/5).

For comparison, Indonesia's GDP per capita in 2019 was at Rp 59.1 million or US$4,174.5, while in 2018, it was Rp 56 million or US$3,927.3.

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