Indonesia’s gross domestic product ( GDP ) is expected to increase to between 1 trillion USD and 1.2 trillion USD by 2014 from the current figure of 700 billion USD, Coordinating Economic Minister Hatta Rajasa has said.
Hatta was quoted as saying that that the Indonesian Government also expected to boost gross national product (GNP) per capita from the current 3,000 USD to between 5,000 USD and 5,500 USD by 2014.
According to newly elected Chairman of the Indonesian Chamber of Commerce and Industry (KADIN) Suryo Bambang Sulisto, the government’s target for GDP and GNP per capita was achievable as long as it could provide a conducive investment climate.
The World Bank (WB) and the International Monetary Fund (IMF) rank Indonesia 18th in terms of nominal GDP , with the size of the economy measured at about 540 billion USD in 2009.
Several international economists have expressed optimism that Indonesia could join the emerging BRIC countries — Brazil, Russia, China and India — which are expected to become the world’s largest economies by 2050.
To meet the targets, Hatta said, the government would create new centres for economic growth. His office has established the National Council for Special Economic Zones, which is working to evaluate potential regions to be developed as new economic growth centres.-VNA