2018, Economic Growth Sustained Digital Economy

By : Ahmad Fadli Dan Aldo Bella Putra | Tuesday, November 14 2017 - 22:30 IWST

BI Fintech (ist)
BI Fintech (ist)

INDUSTRY.co.id - Jakarta - The number of internet users in Indonesia reached 132.7 million people, and as many as 40 percent or 106 million people of which social media users will contribute greatly to the economic growth of Indonesia in 2018.

"The digital economy is expected to continue to be one of the focus of the Indonesian government in the future," said UOB Indonesia economist Enrico Tanuwidjaja to media crew on Tuesday (11/14/2017)

Indonesia has a population of more than 300 million people with 51 percent or 132.7 million people of whom Internet users as many as 40 percent or 106 million people of whom social media users.

While the rest, 35 percent or 92 million people are active mobile phone users. That way, Enrico calls Indonesia a strong foundation for sustainable digital economic growth.

The E-Commerce Association of Indonesia noted that 24.74 million people or 9 percent of the total Indonesian population purchased products online by 2016. By 2017, the value of the transaction is expected to jump by 30 to 50 percent of total transactions amounting to US $ 5.6 million by 2016.

The Government of Indonesia estimates that the contribution of e-commerce to gross domestic product (GDP) is 10 percent by 2020 as it targets to position Indonesia as an e-commerce center in ASEAN. This is contained in the roadmap of the XIV economic reform package launched on 10 November 2016.

UOB Indonesia projects Indonesia's economic growth of 5.3 percent in 2018. The growth, Enrico said, is supported by strong economic fundamentals.

The strength of Indonesia's economic fundamentals is supported by private consumption, growth in investment spending, as well as ongoing improvement in export performance; he said

Enrico said in the third quarter of 2017, private consumption demand continued to be steady at around 5 percent year-on-year, while investment spending increased 7.1 percent and exports rose 17.3 percent.

Continued improvements in global economic growth, commodity price improvements, and various domestic infrastructure programs are believed to support economic growth momentum next year.

News Comment

Today's Industry

Maybank Indonesia (Foto Ist)

Sabtu, 17 Maret 2018 - 23:00 WIB

BEI Notes Maybank Indonesia Bonds Rp645.5 Billion

Jakarta - Indonesia Stock Exchange (IDX) began listing second phase II bonds in 2018 issued by PT Bank Maybank Indonesia Tbk worth Rp645, 5 billion.

dr Karolin Margret Natasa Calon Gubernur Kalimantan Barat (Foto Dok Industry.co.id)

Sabtu, 17 Maret 2018 - 22:00 WIB

Election of Regional Head of West Kalimantan, Karolin Ready to Struggle Mechanization of Agriculture

Pontianak - West Kalimantan Governor Candidate, Dr. Karolin Margret Natasa said it would fight for the mechanization of agriculture for farmers in the Terentang district to support the increase…

Black Panther

Sabtu, 17 Maret 2018 - 21:38 WIB

Marvel Considers Sequel of 'Black Panther' Movie

The success of Marvel Studios' hit movie superhero by achieving a lot of achievements and making a lot of money, now Marvel Cinematic Universe (MCU) boss, Kevin Feige began considering his plans…

Lion Air (Foto Ist)

Sabtu, 17 Maret 2018 - 21:10 WIB

Lion Air Group Expedition, Many Discounts from BRI

Bank BRI again strengthen cooperation with Lion Air Group and Ministry of Tourism RI by implementing the event with Lion Air Group Expedition 2018 which was held from 16 to 18 March 2018 in…

Kartu Kredit Bank Mandiri (rino/industry.co.id)

Sabtu, 17 Maret 2018 - 21:00 WIB

Banking Credit Grows Eight Percent In February

Jakarta - Bank Indonesia said that banking loan portfolio in February 2018 grew eight percent (year-on-year / yoy), which indicated a widening of credit from the corporate sector.