Indonesia’s middle class lament ‘worsening’ plight, as sharp drop in their population sets off economic alarm bell

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Indonesia’s middle class lament ‘worsening’ plight, as sharp drop in their population sets off economic alarm bell - Channel News Asia

Quick Summary:

With a smaller middle class, experts warn that Indonesia could suffer a similar fate to Chile, where widening social inequality contributed to years of unrest.

The latest BPS data, which was issued on Aug 28, however showed that the number of people categorised as middle-class has dropped to 47.85 million in 2024, or 17.1 per cent of the country’s current population of 289 million.

And as the middle class shrinks, the country is experiencing an annual gross domestic product increase of around 5 per cent, which also paints a picture of widening wealth inequality in Indonesia.