Socio-Economic Phenomenons Trigger Poverty Rate Increase


Statistics Indonesia (BPS) revealed that the poor reached 26.36 million in Sept 2022, up 200,000 people from March 2022. In the same period, the poverty rate rose from 9.47 percent to 9.5 percent. BPS Head Margo Yuwono said the poverty rate growth slowed down from a year earlier. "When compared to Sept 2021, the poverty rate fell by 0.14 percent," Margo said on Monday.

According to Margo, the rising poverty rate was triggered by socioeconomic phenomena. Some reasons are that working-age people were still affected by the COVID-19 pandemic in Aug 2022, totaling 4.15 million people. In the third quarter of 2022, economic growth slowed, marked by household consumption which fell 0.12 percent (month to month). "Throughout Sept 2022, there were layoffs in labor-intensive sectors and technology companies. Fuel price adjustments then increased agricultural production costs," he said.

Start your free trial.

If you would like to get a 30-day free unlimited access to all of our insights, please click “Start free trial” button below. If you already have an account, please login.

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…

Enjoy a 30-day free trial, on us. Feel free to contact us with any additional questions you have.