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Indonesia expects GDP to hit 1 trillion USD in 2014

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.
Indonesia’s gross domestic product ( GDP ) is expected to increaseto between 1 trillion USD and 1.2 trillion USD by 2014 from the currentfigure of 700 billion USD, Coordinating Economic Minister Hatta Rajasahas said.

Hatta was quoted as saying that that the IndonesianGovernment also expected to boost gross national product (GNP) percapita from the current 3,000 USD to between 5,000 USD and 5,500 USD by2014.

According to newly elected Chairman of the IndonesianChamber of Commerce and Industry (KADIN) Suryo Bambang Sulisto, thegovernment’s target for GDP and GNP per capita was achievable as longas it could provide a conducive investment climate.

The WorldBank (WB) and the International Monetary Fund (IMF) rank Indonesia18th in terms of nominal GDP , with the size of the economy measured atabout 540 billion USD in 2009.

Several international economistshave expressed optimism that Indonesia could join the emerging BRICcountries — Brazil, Russia, China and India — which areexpected to become the world’s largest economies by 2050.

To meetthe targets, Hatta said, the government would create new centres foreconomic growth. His office has established the National Council forSpecial Economic Zones, which is working to evaluate potential regionsto be developed as new economic growth centres.-VNA
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