Good News? Per Capita Income Rises, RI Is Called To Enter Upper Middle Income Countries Again

Illustration (Photo: Doc. Antara)

JAKARTA - A report released by the Central Statistics Agency (BPS) states that there will be an increase in per capita income in 2021 to Rp. 62.2 million or US$ 4,349 from Rp. 57.3 million in 2020.

This achievement was responded positively by the Fiscal Policy Agency (BKF) of the Ministry of Finance, Febrio Kacaribu. According to him, this has again raised Indonesia's level to the upper middle income country group, aka the upper middle income country.

"With this achievement and the latest World Bank classification (2020), Indonesia is expected to re-enter the upper middle income countries group in 2021," he said in an official statement, quoted on Tuesday, February 8.

Just so you know, RI was evicted from the group of upper middle income countries in the middle of last year based on a World Bank report which stated that there was a decline in per capita income from 4,050 US dollars to 3,870 US dollars.

Meanwhile, the upper middle-income country category, which took effect in 2021, stood at US$4,096.

Furthermore, Indonesia's return to the ranks of upper middle-income countries at the end of last year was faster than previously predicted. In VOI records, Febrio had predicted that the upper middle income country level could only be achieved by Indonesia in 2022.

"We will be able to return to being an upper-middle-income country next year," he said in a virtual discussion last Friday, July 9, 2021.