Indonesia’s per capita income and consumption expenditures are growing.

As of 2023, Indonesia has experienced significant economic developments in terms of per capita income and consumer spending:

1. Per Capita Income: Indonesia’s GDP per capita in 2023 stands at $4,788. This figure is indicative of the average economic output per person and reflects the country’s economic status in the global context.
2. Consumer Spending Growth: Consumer spending in Indonesia has been on an upward trajectory. In 2022, there was a strong growth of 4.8%, which slightly moderated to 4.7% in 2023. This growth in consumer spending is attributed to increased consumer confidence and overall economic improvements. Specifically, real household spending in Indonesia was projected to increase by 7.6% throughout 2022, reaching a total value of 9.9 trillion IDR (approximately 692 billion USD). In the second quarter of 2023, consumer spending in Indonesia rose to 1,631,019.80 IDR billion, up from 1,582,219.30 IDR billion in the first quarter of the same year.

These figures reflect Indonesia’s growing economy and the increasing purchasing power of its population. The rise in per capita income alongside growing consumer expenditure suggests an overall improvement in the standard of living and economic well-being of the Indonesian population.