"80 Percent Middle Class"

#11051837

6 March 2024

A woman with an umbrella is walking in the business district on the main street in Jakarta, Indonesia, on March 6, 2024. In pursuit of becoming a high-income country by 2045, the government is setting a target to elevate the middle-class population to 80 percent, up from the current 20 percent. According to World Bank Data, the middle class in Indonesia is growing faster than other groups, with at least 52 million economically secure Indonesians, or one in every five Indonesians. The Indonesian middle class has been a major driver of economic growth, as the group's consumption has been growing by 12 percent annually since 2002 and now represents close to half of all household consumption in Indonesia.

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#11051838

6 March 2024

A woman with an umbrella is walking in the business district on the main street in Jakarta, Indonesia, on March 6, 2024. In pursuit of becoming a high-income country by 2045, the government is setting a target to elevate the middle-class population to 80 percent, up from the current 20 percent. According to World Bank Data, the middle class in Indonesia is growing faster than other groups, with at least 52 million economically secure Indonesians, or one in every five Indonesians. The Indonesian middle class has been a major driver of economic growth, as the group's consumption has been growing by 12 percent annually since 2002 and now represents close to half of all household consumption in Indonesia.

Restricted to Editorial Use Only.
Commercial use is not permitted without prior authorization.
Please contact us for more information.

#11051839

6 March 2024

A man is sitting on a bench with an umbrella in the business district on the main street in Jakarta, Indonesia, on March 6, 2024. The government is setting a target to elevate the middle-class population to 80 percent by 2045, up from the current 20 percent. According to World Bank Data, the middle class in Indonesia is growing faster than other groups, with at least 52 million economically secure Indonesians, or one in every five. The Indonesian middle class is a major driver of economic growth, as the group's consumption has been growing by 12 percent annually since 2002 and now represents close to half of all household consumption in Indonesia.

Restricted to Editorial Use Only.
Commercial use is not permitted without prior authorization.
Please contact us for more information.

#11051840

6 March 2024

A woman is entering an MRT station in the business district in Jakarta, Indonesia, on March 6, 2024. The government is setting a target to increase the middle-class population to 80 percent by 2045, up from the current 20 percent, in its pursuit to become a high-income country. The World Bank Data indicates that the middle class in Indonesia is growing faster than other groups, with at least 52 million economically secure Indonesians, which is one in every five Indonesians. The Indonesian middle class has been a significant driver of economic growth, with the group's consumption increasing by 12 percent annually since 2002 and now accounting for nearly half of all household consumption in Indonesia.

Restricted to Editorial Use Only.
Commercial use is not permitted without prior authorization.
Please contact us for more information.