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Full Version: Indonesia gdp per capita rose to $1,946 last year
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djArchuleta
Income per capita rose to $1.946

The number of Indonesian population 225 million in 2007, the income per capita reached 1.946 US dollar, with 10 percent of the populations or 22.5 million had the income per capita 6.000 US dollar.
In fact before the monetary crisis the income per capita only as big as 1.100 US dollar.
"PDB as big as that became the base that was strong for the progress" of "economics in forthcoming years," he said.
PDB nominal 2007 that continued to increase since 2005 on 15 percent significant by the growth of economics was increasingly healthy.
According to Harinowo, the main motive motor this success was located in two matters, that is the number of inhabitants and nature resources in the Motherland.
With the number of big inhabitants and had high purchasing power then then the economy will become increasingly strong.
He demonstrated several sectors like ritail, the consumer of the product, textile, the garment, electronics, automotive, and non-tradables very potential when being pushed by the number of big inhabitants.
"That was increased with our economic motor that was second, namely nature resources where so big the potential" for "our oil and gas."
Coal for example his value of the export reached 7 billion US dollar and the export of our oil and gas the whole reached 22 billion US dollar, was like this Harinowo.
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source: http://www.antara.co.id/arc/2008/4/7/penga...-ri-amat-cerah/
DutchEastIndiesMan
Bagus....this a sign of improving standard of living in Indonesia...
We should keep it up !!
skyisdalimit
^^ dutch!!!! dont be happy too soon. at a glance it may look like our GDP has doubled. However, let's look at it more carefully. 10years back the value of dollar was higher than today. Now, the rocketing crude oil price has creating a chain global inflation for all goods. This made the value of money to fall. for example 10 years ago USD 1 could buy you 3 kgs of rice, but now after the inflation USD 1 could only buy you a 1,5 kgs of rice. So nominally, our GDP may rise but its value may not. That's the reason now many people are getting poorer. The value of money keep dropping due to constant increasing in oil price while their earning rate is not increasing more than the rate of dropping in money value. If the example is right, even though our GDP per capita may doubled nominally, but the real value of money has halved. Hence, the real value of our GDP per capita actually doesn't change. I dont know whether Jussuf kalla (JK) knows about this theory. But i hope the economists at departement keuangan realize this.
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