In 2010 the World Bank noted in a report that, amid robust economic growth, around seven million Indonesians were added to the country's middle class, each year. And while the inflow into the country's middle class has been curtailed as economic growth has slowed down, Indonesia still conta...
Indonesia’s banking sector has continuously been on the rise. The growth of the middle-class and overall population resulted in the ongoing development of the finance industry. As of January 2024, there were about1.4 thousand rural banksand106 commercial banksavailable. The market is regulated by...
Sources: Population Census, 2000, 2010 and 2020, Statistics Indonesia (BPS) This section discusses a number of important aspects regarding Indonesia's demographic composition. Topics that are discussed include Indonesia's population growth, age structure and urbanization. Each of these topics is linked...
middle class, increasing disposable incomes, and a thriving tourism industry creates a favorable environment for the growth of the spirits market in Indonesia. In conclusion, the Spirits market in Indonesia is witnessing significant growth and development due to changing consumer preferences, including a...
JAKARTA, Dec. 12 (Xinhua) -- Indonesia's motorbike sales, a barometer for purchasing power of middle and low-income groups in the country, drifted higher in November, the motorcycle industry association said here on Wednesday. The motorcycle sales logged a 8.6 percent growth to 597,366 units...
(RPPI) in Greater Jakarta recording a 2.24% year-on-year growth in Q2 2023, indicating steady market appreciation despite economic headwinds. The market is particularly dynamic in major urban centers, where rapid urbanization and a growing middle class are creating sustained demand for housing. ...
showing a positive industry outlook. The market forecast and market data indicate a robust growth rate, driven by significant market leaders in the sector. The industry information and industry statistics provided in the industry reports and market report offer valuable insights into the market size ...
IP tends to drive business, employment, and stronger middle-class growth. However, the benefits for the lower socio-economic population are less clear. There are barriers to entry into protecting IP – first understanding it and second, the cost of creating and protecting or securing IP and ...
(first) demographic transition theory outlines the process and drivers of shifts from high to low death and birth rates, and the ensuing changes in the pace of population growth through the course of such shifts. It was hypothesized that by the end of the demographic transition, fertility and ...
also creates jobs. And those who get a (new) job typically enjoy more income, hence they can consume/spend more. And so, it turns into an (upward moving) virtuous circle that drives overall economic growth that (ideally) pushes many people out of (near) poverty, into the middle-class....