Indonesia’s middle class has grown 12% annually since 2002, leading to a rise in economic growth In fact, the Indonesian middle class now represents nearly half of all household consumption in the country, as reported by the World Bank. This, coupled with improvements in infrastruct...
The growth of the middle-class and overall population resulted in the ongoing development of the finance industry. As of January 2024, there were about 1.4 thousand rural banks and 106 commercial banks available. The market is regulated by the financial service authority, whereas the central bank...
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...
Statistics for the 2023 & 2024 Indonesia Whey Protein market trends, created by Mordor Intelligence™ Industry Reports. Indonesia Whey Protein trend report includes a market forecast to 2030 and historical overview. Get a sample of this industry trends analysis as a free report PDF download. ...
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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 ...
Underlying macroeconomic factors:The growing Magazine Advertising market in Indonesia can be attributed to several underlying macroeconomic factors. Firstly, Indonesia's economy has been experiencing steady growth, resulting in an expanding middle class with increased disposable income. This has led to a ...
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....
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...
(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 ...