The Indonesian government has set an ambitious economic growth target of 5.2% for 2024, reflecting optimism about the country’s economic resilience and growth potential despite global uncertainties.
Growth Drivers
Key factors supporting the target include:
- Strong domestic consumption
- Infrastructure development
- Manufacturing sector expansion
- Digital economy growth
- Foreign investment inflows
Strategic Sectors
Priority sectors identified to achieve the target:
- Manufacturing industry
- Tourism and creative economy
- Digital technology
- Agriculture and food security
- Green economy initiatives
Government Support Measures
The government plans to implement:
- Investment incentives
- Export promotion programs
- Business environment improvements
- Infrastructure development
- Digital transformation support
Risk Factors
Potential challenges include:
- Global economic slowdown
- Geopolitical tensions
- Commodity price fluctuations
- Climate change impacts
- External trade pressures
Economic Indicators
Supporting economic targets include:
- Inflation rate control
- Exchange rate stability
- Unemployment reduction
- Poverty alleviation
- Investment growth
International Context
Indonesia’s growth target positions it among the stronger performing economies in the region, supported by its large domestic market and ongoing economic reforms.