Return to the Upper-Middle-Income Economy
With a gross national income (GNI, simplified: income of residents) per capita of US$4,580, Indonesia has risen again to the upper-middle income economy. This term designates a so-called Lending Group of the World Bank as a rough measure of creditworthiness. The lower limit is US$ 4,465. In 2020, Indonesia was declared an upper-middle-income economy for the first time. The archipelago's per capita GNI had nominally increased sevenfold since the end of the Asian crisis at the turn of the millennium. In the corona crisis, Indonesia then fell back into the lower-middle-income economy category.
