Jokowi Says Downstream Policy Can Help Increase Indonesia's GDP per Capita

President Joko Widodo (Jokowi) has stated that Indonesia's downstream policy can help increase the country's gross domestic product (GDP) per capita.

IDXChannel - President Joko Widodo (Jokowi) has stated that Indonesia's downstream policy can help increase the country's gross domestic product (GDP) per capita.

This means the welfare of Indonesian people will also increase.

According to Jokowi, if Indonesia continues its downstream policy, the country's GDP per capita will be able to exceed Rp153 million or USD10,900 in the next decade.

In 15 years, he added, the country's GDP per capita can increase to Rp217 million or USD 15,800.  In 22 years, it can soar to Rp331 million or USD25 thousand.

Two years after the ban on nickel ore exports, Indonesia's GDP per capita rose to Rp71 million or USD 4,783.9 in 2022.  Before  the covid-19 pandemic, namely 2019, it only reached Rp59.1 million or USD4,174.9.

 "In 10 years, the increase can be more than double," he explained when delivering his State of the Nation speech at the Parliament Complex, Jakarta, Wednesday (16/8/2023).

Jokowi emphasized that Indonesia should become a country capable of processing natural resources and enriching its people through downstreaming.

This is because Indonesia is very rich in natural resources including minerals, plantation products, marine products, as well as new and renewable energy sources.

 "But being rich in natural resources is not enough because that will make us a lazy nation that only sells raw materials. Without added value, there is no sustainability," he said. (WHY)