Economic Impact of 2018 Asian Games Reaches IDR 45.1 Trillion

By : Herry Barus And Aldi Firhand. A | Thursday, August 23 2018 - 22:12 IWST

Persiapan Asian Games 2018
Persiapan Asian Games 2018 - Jakarta, the Consumer Sector in the 2018 Asian Games event contributes to economic growth. The Indonesian Chamber of Commerce and Industry (Kadin) also assessed that the growth was also followed by the involvement of the micro, small and medium enterprises or MSMEs during the multievent.

"I see this event really helps our growth. I am sure the increase is quite good. But it is not up to two digits, but it is quite significant, "said Chairman of the Indonesian Chamber of Commerce and Industry, Rosan P. Roeslani in Jakarta, yesterday.

As is known, during the 2018 Asian Games, the Government selected 15 companies and Micro, Small and Medium Enterprises (UMKM) as license holders to produce and sell official 2018 Asian Games merchandise. This election was to provide a greater impact on the Indonesian economy.

Meanwhile, based on the calculation of the Ministry of National Development Planning (Bappenas), the direct economic impact of the 2018 Asian Games is Rp. 45.1 trillion.

This acquisition is calculated in terms of visitor expenditure, supporting infrastructure investment, and the operation of the event, starting from the preparation in 2015 until the event takes place from 18 August 2018.

The economic impact of visitor spending during their stay in Indonesia is estimated at Rp. 3.6 trillion with a composition of 88 percent of expenditure coming from spectators and tourists.

Furthermore, 4.67 percent of expenditure by athletes, 3.96 percent of media crew expenditure, 2.34 percent of official expenses, and 0.77 percent of volunteer expenditure.

The consumption sector accounts for the largest portion of Indonesia's economic growth. As much as 53-54 percent of them came from consumption. With the Asian Games, consumption is also boosted and has a significant impact on economic growth.

With this event, Indonesia's infrastructure also grew significantly such as the acceleration of the construction of LRT, MRT, roads and renovation of GBK. So that the impact is extraordinary covering all industries, all levels, and stakeholders.

The 2018 Asian Games event also had a big impact on the economy in the tourism sector. The direct impact on the country's economy is predicted to be worth IDR 3 trillion and become a promotional event for 7 destinations in Indonesia, namely Jakarta and Palembang, Bali, Banyuwangi, Bandung, Yogyakarta and South Sumatra.

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