JAKARTA | Indonesia returns to upper-middle-income status

People shop at a mall in Serang, Banten, on April 9, 2023. Countries earning over US$4,466 in GNI per capita receive an upper-middle-income status from the World Bank. (AFP/Dziki Oktomauliyadi)

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Indonesia has reacquired its status as an upper-middle-income country, marking the bounce back of its economy following the pandemic.

The country’s gross national income (GNI) per capita, which measures the sum of money a nation earns divided by its population, reached US$4,580 last year. It increased by 9.8 percent from the previous year, according to the World Bank database.

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Countries earning over $4,466 in GNI per capita receive the upper-middle-income status from the World Bank. Every year, the World Bank updates its classification, which it says follows a similar methodology to its operational lending policy.

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Yohana Belinda
The Jakarta Post
Jakarta
●   Wed, July 5 2023

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