1Berita.com – President Joko Widodo (Jokowi) declares that Indonesia has entered the top five best economies globally. According to him, amidst the challenges, Indonesia’s economy continues to grow successfully.
Jokowi discussed this during a visit to the PT Tong Tji Tea Indonesia tea factory in Tegal Regency, Central Java Province, on Wednesday, January 3, 2024.
During his visit, Jokowi greeted the employees and briefly discussed various topics, including the economic condition of Indonesia.
Jokowi conveyed to the employees that Indonesia is one of many countries that can revive its economy. He mentioned that 96 countries are currently recipients of the International Monetary Fund (IMF) due to their struggling economies.
However, this is not the case for Indonesia. Because of effective leadership, Indonesia’s economy is advancing rapidly and even ranks among the top 5 globally, with economic growth reaching 5%.
“We should be grateful that our country is still growing by 5%, entering the top five best economies in the world, even in a very challenging situation, but we can navigate it well,” stated Jokowi in his statement on Thursday, January 4, 2024.
Jokowi did not provide specific data to support his claim that Indonesia is among the top five world economies.
However, concerning economic growth, the Central Statistics Agency (BPS) last recorded Indonesia’s economic growth in the third quarter of 2023 at 4.94% year on year (yoy). Reports for the fourth quarter and the full year of 2023 have not been conducted.
In terms of recent economic growth, Indonesia is indeed among the top five G20 countries with relatively high economic growth. The G20 consists of 20 countries with the largest economies globally.
According to data from the Organisation for Economic Cooperation and Development (OECD), the highest economic growth among G20 countries was achieved by India, with a 7% year-on-year growth in the third quarter of 2023.
Following India, Indonesia and China both recorded economic growth of 4.9%. In the fourth position was Turkey with an economic growth of 4.5%. The fifth position in the top five was held by Mexico with an economic growth of 3.3%.
