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1 PROSPEK DAN TANTANGAN PROSPEK DAN TANTANGAN PEREKONOMIAN INDONESIA PEREKONOMIAN INDONESIA Faisal Basri 2 2 Desember Desember 2013 2013 Bagian Bagian I I Ancaman Ancaman Middle Middle- -Income Trap Income Trap

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  • 1PROSPEK DAN TANTANGAN PROSPEK DAN TANTANGAN PEREKONOMIAN INDONESIAPEREKONOMIAN INDONESIA

    Faisal Basri

    2 2 DesemberDesember 20132013

    BagianBagian IIAncamanAncaman MiddleMiddle--Income TrapIncome Trap

  • 2Source: World Bank, World Development Indicators.

    Indonesia: Indonesia: pendapatanpendapatan perkapitaperkapita

    0

    500

    1,000

    1,500

    2,000

    2,500

    3,000

    3,500

    4,000

    19

    69

    19

    71

    19

    73

    19

    75

    19

    77

    19

    79

    19

    81

    19

    83

    19

    85

    19

    87

    19

    89

    19

    91

    19

    93

    19

    95

    19

    97

    19

    99

    20

    01

    20

    03

    20

    05

    20

    07

    20

    09

    20

    11

    Gross National Income per capita,

    Atlas method (current US$)

    Gross national income per capitaGross national income per capita

    880

    1,260

    1,400

    1,530

    2,470

    3,420

    5,210

    7,610

    9,740

    9,800

    11,630

    12,700

    16,392

    22,670

    36,560

    47,210

    0 10,000 20,000 30,000 40,000 50,000

    Cambodia

    Lao PDR

    Vietnam

    India

    Philippines

    Indonesia

    Thailand

    South Africa

    Mexico

    Malaysia

    Brazil

    Russia

    Taiwan

    Korea

    Hong Kong

    Singapore

    Sources: World Bank, World Development Indicators.

    High income

    Current US$, 2012

    US$ 12,616

  • 3CiriCiri--ciriciri berpotensiberpotensi alamialami middlemiddle--income trapincome trap

    Investment to GDP ratio rendah

    Pertumbuhan industri manufaktur rendah

    Diversifikasi industri terbatas

    Kondisi pasar kerja buruk

    Gross fixed capital formation (% of GDP)Gross fixed capital formation (% of GDP)

    15

    20

    25

    30

    35

    40

    45

    50

    19

    80

    19

    81

    19

    82

    19

    83

    19

    84

    19

    85

    19

    86

    19

    87

    19

    88

    19

    89

    19

    90

    19

    91

    19

    92

    19

    93

    19

    94

    19

    95

    19

    96

    19

    97

    19

    98

    19

    99

    20

    00

    20

    01

    20

    02

    20

    03

    20

    04

    20

    05

    20

    06

    20

    07

    20

    08

    20

    09

    20

    10

    20

    11

    Indonesia Malaysia Thailand Philippines China

    Sources: World Bank, World Development Indicators.

  • 4Composition of gross fixed capital formationComposition of gross fixed capital formation

    Source: BPS.

    2010 2011 2012

    Building 74.3 72.8 71.3

    Domestic machinery 2.5 2.3 2.2

    Imported machinery 13.5 15.1 15.6

    Domestic transport 1.4 1.4 1.5

    Imported transport 4.7 5.0 5.9

    Others 3.6 3.4 3.5

    Sector 2010 2011 2012 Q1-12 Q2-12 Q3-12 Q4-12 Q1-13 Q2-13 Q3-13

    1. Agriculture 3.0 3.3 4.0 4.3 3.7 4.8 2.0 3.6 3.2 3.0

    2. Mining 3.6 1.4 1.5 2.8 3.1 -0.1 0.5 -0.2 -1.2 1.6

    3. Manufacturing 4.7 6.1 5.7 5.7 5.4 6.4 6.2 5.9 5.8 4.9

    4. Utilities 5.3 4.4 6.4 6.2 6.2 5.6 7.2 6.6 6.6 4.0

    5. Construction 7.0 6.7 7.5 7.4 7.4 8.0 7.8 7.0 6.9 6.2

    6. Trade & hospitality 8.7 9.2 8.1 8.3 8.9 6.9 7.8 6.5 6.5 6.0

    7. Transport & Comm. 13.4 10.7 10.0 10.3 10.1 10.5 9.6 10.0 11.5 10.5

    8. Finance 5.7 6.9 7.2 6.3 7.0 7.4 7.7 8.4 8.1 8.1

    9. Other Services 6.0 6.7 5.2 5.5 5.7 4.4 5.3 6.5 4.5 5.6

    GDP/Total 6.2 6.5 6.2 6.3 6.4 6.2 6.1 6.0 5.8 5.6

    Sources: BPS.

    GDP growth by sectorGDP growth by sector

  • 50

    2

    4

    6

    8

    10

    First semester (Jan-Jun)Source: BPS.

    Non-tradable

    GDP

    Tradable

    Low quality of growth, 2000Low quality of growth, 2000--20132013

    Percent

    Source: BPS.

    PerananPeranan industriindustri manufakturmanufaktur terusterus merosotmerosot

    22

    23

    24

    25

    26

    27

    28

    29

    30

    Percent of GDP

  • 6BagianBagian IIIIPeranPeran Negara Negara LoyoLoyo

    Population, GDP/capita, and structure of GDP, 2012Population, GDP/capita, and structure of GDP, 2012

    Sources: World Bank, World Development Indicators.

    Population GDP per capita GDP components (%)

    Country (million) (current US$) Cp Cg I X M

    China 1,351 6,188 36 14 46 31 27

    India 1,237 1,489 60 12 30 24 32

    Indonesia 247 3,557 57 9.0 33 24 26

    Brazil 199 11,340 62 21 18 13 14

    USA 314 49,965 72 17 15 14 18

    Japan 128 46,720 60 20 21 15 16

    Germany 82 41,514 58 19 18 52 46

    UK 63 38,514 66 22 14 32 34

    Korea 50 22,590 54 16 27 57 53

    Philippines 97 2,587 74 11 19 31 34

    Vietnam 89 1,596 64 5 28 90 90

    Thailand 67 5,480 56 14 29 75 74

    Malaysia 29 10,381 49 14 26 87 76

  • 7(average 2005-2010, % of GDP)

    General General govtgovt final consumption expenditurefinal consumption expenditure

    Source: World Bank.

    General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation.

    Indonesia tax ratioIndonesia tax ratio

    Sources: Ministry of Finance.

    10.0

    11.0

    12.0

    13.0

    14.0

    19

    90

    19

    91

    19

    92

    19

    93

    19

    94

    19

    95

    19

    96

    19

    97

    19

    98

    19

    99

    20

    00

    20

    01

    20

    02

    20

    03

    20

    04

    20

    05

    20

    06

    20

    07

    20

    08

    20

    09

    20

    10

    20

    11

    20

    12

    Tax ratio (tax revenues/GDP), percent

  • 8Tax ratio in selected countries, 2010Tax ratio in selected countries, 2010

    Sources: world Bank.

    Tax revenues as % of GDP

    PeranPeran pemerintahpemerintah makinmakin loyoloyo dalamdalampenyediaanpenyediaan public goodspublic goods

    Source: IMF, Indonesia: selected Issues, IMF Country Report No. 12/278, September 2012.

  • 9Source: World Bank, World Development Indicators.

    Electric power consumption (kWh per capita)Electric power consumption (kWh per capita)

    BagianBagian IIIIIIKualitasKualitas SDM SDM dandan KetenagakerjaanKetenagakerjaan

  • 10

    Human development indexHuman development index

    Sources: UNDP, Human Development Report 2013.

    Pada tahun 2030, HDI

    bisa mencapai tingkat

    seperti Malaysia

    sekarang.

    HDI in selected countries, 2012 (n = 186)HDI in selected countries, 2012 (n = 186)

    Sources: UNDP, Human Development Report 2013.

    HDI HDI Overall Change Adjusted

    Rank Country Value Value loss (%) in rank Rank3 United States 0.937 0.821 12.4 -13 16

    28 Czech Republic 0.873 0.826 5.4 9 19

    45 Argentina 0.811 0.653 19.5 -8 53

    71 Venezuela 0.748 0.549 26.6 -17 88

    85 Brazil 0.730 0.531 27.2 -12 97

    91 Colombia 0.719 0.519 27.8 -11 102

    92 Sri Lanka 0.715 0.607 15.1 11 81

    101 China 0.699 0.543 22.4 0 101

    103 Thailand 0.690 0.543 21.3 0 103

    108 Bolivia 0.675 0.444 34.2 -12 120

    114 Philippines 0.654 0.524 19.9 4 110

    121 Indonesia 0.629 0.514 18.3 3 118

    127 Viet Nam 0.617 0.531 14.0 14 113

    136 India 0.554 0.392 29.3 1 135

    138 Lao, PDR 0.543 0.409 24.7 4 134

    138 Cambodia 0.543 0.402 25.9 3 135

    161 Haiti 0.456 0.273 40.2 -7 168

    Inequality-adjusted HDI

  • 11

    Health expenditure, 2011Health expenditure, 2011

    0 3 6 9 12 15 18

    South SudanQatar

    MyanmarIndonesia

    Lao PDRMalaysia

    BangladeshIndia

    PhilippinesThailand

    Timor-LesteChina

    CambodiaRussiaTurkey

    VietnamIsrael

    South AfricaBrazil

    AustraliaNorwaySweden

    SwitzerlandGermany

    FranceUnited States

    Health expenditure, total (% of GDP)Total health expenditure is the sum of public and private health expenditure. It covers the provision of health services (preventive and curative), family planning activities, nutrition activities, and emergency aid designated for health but does not include provision of water and sanitation.

    Sources: World Bank, World Development Indicators.

    Selected basic health indicatorsSelected basic health indicators

    1. % Age 5 are under weight: Percentage of children under age 5 falling two standard deviations or more below the median weight-for-age of the

    reference population, 2010 (UNDP)

    2. Under 5 mortality: probability of dying between birth and exactly age 5, expressed per 1,000 live births, 2010 (UNDP)

    3. Maternal mortality ratio: ratio of the number of maternal deaths to the number of live births in a given year, expressed per 100,000 live births,

    2010 (UNDP)

    4. Malaria: deaths due to malaria expressed per 100,000 people, 2008 (UNDP)

    5. Tuberculosis: estimated rate per 100,000 population, 2011 (WHO)

    Country

    % Age 5are under

    weight

    Under 5 mortality

    rate

    Maternal mortality

    ratio Malaria Tuberculosis

    Brazil 1.7 19 56 0.1 42

    China 3.8 18 37 0.0 75

    Thailand 7.0 13 48 0.4 124

    South Africa 8.7 57 300 0.2 993

    Malaysia 12.9 6 29 0.1 81

    Indonesia 18.4 35 220 3.2 187

    Vietnam 20.2 23 59 0.1 199

    Sri Lanka 21.1 17 35 0.0 66

    Philippines 21.6 29 99 0.2 270

    India 42.5 63 200 1.9 181

  • 12

    23

    Sumber: BPS.

    PekerjaPekerja dandan penganggurpenganggur menurutmenurut pendidikanpendidikan

    Agustus 2011

  • 13

    Profile of workforce by job statusProfile of workforce by job status

    Source: World Bank, presented by Shubham Chaudhuri at Kompas Economic Panel Discussion, June 21, 2012.

    (% of GDP)

    R&D expenditureR&D expenditure

    Source: World Bank.

  • 14

    Glo

    ba

    l inn

    ov

    atio

    n in

    de

    x 20

    12

    (n=

    14

    1)

    Glo

    ba

    l inn

    ov

    atio

    n in

    de

    x 20

    12

    (n=

    14

    1)

    Source: IN

    SE

    AD

    ,The G

    lobal Innovation Index 2012.

    68.2

    64.8

    63.5

    61.8

    61.2

    60.5

    59.9

    58.7

    58.7

    57.7

    56.4

    56.2

    56.0

    53.9

    51.7

    45.9

    45.4

    44.4

    41.1

    39.5

    39.3

    37.9

    37.7

    37.4

    36.9

    36.6

    35.7

    33.9

    29.0

    28.1

    16.8

    Switzerland (1)

    Sweden (2)

    Singapore (3)

    Finland (4)

    UK (5)

    Netherlands (6)

    Denmark (7)

    Hong Kong (8)

    Ireland (9)

    USA (10)

    Norway (14)

    Germany (15)

    Israel (17)

    Korea (21)

    Japan (25)

    Malaysia (32)

    China (34)

    UAE (37)

    Bahrain (41)

    Oman (47)

    Saudi Arabia (48)

    Russian Federation

    Brunei Darussalam

    South Africa (54)

    Thailand (57)

    Brazil (58)

    India (64)

    Viet Nam (76)

    Philippines (95)

    Indonesia (100)

    Sudan (141)

    Bagian

    Bagian

    IVIVP

    erkuatP

    erkuatJantungJantung

    Perekonom

    ianP

    erekonomian

  • 15

    Financial inclusion index: Financial inclusion index:

    Financial deepeningFinancial deepening

    Indonesia has yet to optimize its domestic resourcesIndonesia has yet to optimize its domestic resources

    Source: Solana (WEF) based on World Bank dan IMF

  • 16

    The financial development index (1)The financial development index (1)

    Source: World Economic Forum, The Financial Development Report 2010.

    Country2011 rank

    (n = 60)2010 rank

    (n = 58)2011 score

    (1-7)Change in score

    BankingRank

    Banking score

    Hong Kong SAR 1 4 5.16 +0.12 3 5.43

    United States 2 1 5.15 +0.03 21 4.19

    Singapore 4 3 4.97 -0.08 16 4.40

    Malaysia 16 17 4.24 +0.04 15 4.49

    Korea 18 24 4.13 +0.13 20 4.21

    China 19 22 4.12 +0.08 9 4.92

    South Africa 29 32 3.64 +0.11 33 3.53

    Brazil 30 31 3.61 +0.09 41 3.31

    Thailand 35 34 3.32 -0.04 31 3.70

    India 36 37 3.29 +0.05 43 3.12

    Russian Fed 39 40 3.18 -0.04 57 2.35

    Mexico 41 43 3.16 +0.09 47 2.82

    Turkey 43 42 3.14 -0.02 34 3.48

    Philippines 44 50 3.13 +0.17 36 3.41

    Vietnam 50 46 2.98 -0.05 29 3.91

    Indonesia 51 51 2.92 +0.02 53 2.69

    Venezuela 59 55 2.44 -0.12 58 2.34

    Nigeria 60 57 2.44 +0.03 56 2.43

    The financial development index (2)The financial development index (2)

    Source: World Economic Forum, The Financial Development Report 2010.

    Country2010 rank

    (n = 57)2009 rank

    (n = 55)2010 score

    (1-7)Private credit

    to GDP (%)Bank deposits

    to GDP (%)

    United States 1 3 5.12 211 78

    Singapore 4 4 5.03 91 113

    Japan 9 9 4.67 95 183

    Germany 13 12 4.49 102 104

    Malaysia 17 22 4.20 96 100

    China 22 26 4.03 n.a. 145

    Korea 24 23 4.00 90 61

    South Africa 31 32 3.53 162 63

    Brazil 32 34 3.53 54 61

    Thailand 34 35 3.37 78 84

    India 37 38 3.24 48 63

    Russian Fed. 40 40 3.21 39 31

    Vietnam 46 45 3.03 90 74

    Philippines 50 50 2.97 27 46

    Indonesia 51 48 2.90 23 34

    Bangladesh 55 54 2.55 36 50

    Venezuela 56 55 2.55 27 31

    Nigeria 57 52 2.43 24 21

  • 17

    Source: World Bank.

    Domestic credit provided by the banking sector includes all credit to various sectors on a

    gross basis, with the exception of credit to the central government, which is net. The

    banking sector includes monetary authorities and deposit money banks, as well as other

    banking institutions where data are available (including institutions that do not accept

    transferable deposits but do incur such liabilities as time and savings deposits). Examples

    of other banking institutions are savings and mortgage loan institutions and building and

    loan associations.

    Domestic credit provided by banking sectorDomestic credit provided by banking sector

    Source: Asian Development Bank.

    Size of local currency bonds market (1)Size of local currency bonds market (1)

    200

    4962 53 60

    40 35 33 3214 11

    18

    77 43

    33 1632

    20 13 5

    0 2

    0

    50

    100

    150

    200

    250

    Government bonds Corporate bonds

    % of GDP, June 2013

  • 18

    Source: Asian Development Bank.

    Size of total local currency bonds market (2)Size of total local currency bonds market (2)

    % of GDP

    102

    74 73

    48

    2735

    17

    31

    0

    37

    217

    126

    105

    8676 72

    4637

    15 14

    0

    50

    100

    150

    200

    250

    December 2000 June 2013

    Source: World Bank, World Development Indicators.

    Stock market capitalizationStock market capitalization

    125

    159

    3224

    32

    67

    49

    16

    137129

    8978 74

    60

    46 46

    150

    20

    40

    60

    80

    100

    120

    140

    160

    180

    2000 2011

    Percent of GDP

  • 19

    BagianBagian VVPerlindunganPerlindungan dandan SistemSistem JaminanJaminan SosialSosial

    Sources: KOF Swiss Economic Institute, KOF Index of Globalization, March 2013.

    Globalization index, 2012Globalization index, 2012

    Globalization Index Economic Globalization Social Globalization Political Globalization1. Belgium 1. Singapore 1. Cyprus 1. Italy2. Ireland 2. Luxembourg 2. Singapore 2. France3. Netherlands 3. Ireland 3.Ireland 3. Belgium4. Austria 4. Malta 4. Austria 4. Spain5. Singapore 5.Netherlands 5. Belgium 5. Austria6.Denmark 6. Belgium 6. Switzerland 6. UK7. Sweden 7. Hungary 7.Netherlands 7. Sweden8. Portugal 8. Estonia 8. Canada 8.Brazil9. Hungary 9. Bahrain 9. Denmark 9. Portugal10.Switzerland 10. Sweden 10.France 10. Egypt12. UK 11. UAE 12. UK 11. Denmark21. Australia 12. Denmark 14. Norway 13. Netherlands22. Germany 25. Malaysia 15. Germany 14. Switzerland27. Malaysia 26. Qatar 17. Sweden 17. Germany32. UAE 29. UK 25. UAE 18. India34. USA 41. Norway 27. USA 19. USA39. Qatar 48. Germany 34. Malaysia 20. Norway48. Russia 52. Thailand 47. Russia 34. South Africa54. South Africa 66. South Africa 56. Qatar 39. Indonesia56. Japan 73. Viet Nam 64. Oman 43. Philippines57. Thailand 76. Cambodia 90. China 44. China73. China 82. USA 93. South Africa 45. Russia76. Brazil 88. Indonesia 95. Thailand 47. Malaysia88. Philippines 97. Russia 118. Brazil 59. Thailand90. Indonesia 101. Philippines 127. Philippines 73. Qatar107. India 104. Brazil 144. India 109. Cuba118. Cuba 109. China 147. Indonesia 118. Kuwait126. Viet Nam 128. India 165. Viet Nam 134. UAE205. Somalia 201. Timor-Leste 205. Somalia 135. Viet Nam

  • 20

    RezimRezim perdaganganperdagangan Indonesia Indonesia sudahsudah sangatsangat bebasbebas

    8.6

    8.2

    7.9

    5.7

    5.6

    5.2

    4.9

    4.8

    4.5

    4.1

    4.0

    3.8

    3.7

    2.7

    2.6

    1.6

    Venezuela (2011)

    India (2009)

    Brazil (2011)

    Vietnam (2010)

    Argentina (2011)

    Russia (2011)

    Thailand (2009)

    Philippines (2010)

    South Africa (2011)

    China (2011)

    Malaysia (2009)

    Qatar (2009)

    Bolivia (2011)

    Turkey (2011)

    Indonesia (2011)

    United States (2011)

    Tariff rate, applied, weighted mean, all products (%)

    (2011 or latest data available)

    Sources: World Bank, World Development Indicatorshttp://data.worldbank.org/indicator/TM.TAX.MRCH.WM.AR.ZS

    Aras tariff (Aras tariff (beabea masukmasuk))

    Versi Kemenkeu

    1995: 15,48%

    1998: 9,24%

    2007: 7,81%

    2011: 7,56%

    Versi Bank Dunia

    1995: 10,8%

    1999: 6,1%

    2007: 3,9%

    2011: 2,6%

    World Bank: Tariff rate, applied, weighted mean, all products (%)Weighted mean applied tariff is the average of effectively applied rates weighted by the product import shares corresponding to each partner country. Data are classified using the Harmonized System of trade at the six- or eight-digit level. Tariff line data were matched to Standard International Trade Classification (SITC) revision 3 codes to define commodity groups and import weights. To the extent possible, specific rates have been converted to their ad valorem equivalent rates and have been included in the calculation of weighted mean tariffs. Import weights were calculated using the United Nations Statistics Division's Commodity Trade (Comtrade) database. Effectively applied tariff rates at the six- and eight-digit product level are averaged for products in each commodity group. When the effectively applied rate is unavailable, the most favored nation rate is used instead.

  • 21

    Sources: Asian Development Bank, The Social Protection Index: Assessing Results for Asia and the Pacific, 2013.

    Social protection index (n=35)Social protection index (n=35)

    3 Pillars of social protection3 Pillars of social protection

    1. Social insurance uses contributory schemes to help people respond to common risks, such as illness, old age, and

    unemployment. Its major components are health insurance,

    pensions, and unemployment insurance.

    2. Social assistance provides unrequited transfers to groups, such as the poor, who cannot qualify for insurance or would receive

    inadequate benefits from such a source. The major components of

    social assistance are cash or in-kind transfers, child welfare,

    assistance to the elderly, health assistance, disability benefits, and

    disaster relief.

    3. Active labor market programs help people to secure employment. Their major components are skill development and

    training programs and special work programs, such as cash- or

    food-for-work programs. This report categorizes passive labor

    market programs, such as unemployment insurance or severance

    payments, as forms of social insurance.

  • 22

    Year of introduction of social insuranceYear of introduction of social insurance

    Industrial Unemploy- FamilyCountry accident Health Pension ment allowanceBelgium 1903 1894 1900 1920 1930

    Netherlands 1901 1929 1913 1916 1940

    France 1898 1898 1895 1905 1932

    Italy 1898 1886 1898 1919 1936

    Germany 1871 1883 1889 1927 1954

    Ireland 1897 1911 1908 1911 1944

    U.K. 1897 1911 1908 1911 1945

    Denmark 1898 1892 1891 1907 1952

    Norway 1894 1909 1936 1906 1946

    Sweden 1901 1891 1913 1934 1947

    Finland 1895 1963 1937 1917 1948

    Austria 1887 1888 1927 1920 1921

    Switzerland 1881 1911 1946 1924 1952

    Australia 1902 1945 1909 1945 1941

    New Zealand 1900 1938 1898 1938 1926

    Canada 1930 1971 1927 1940 1944

    U.S.A. 1930 -- 1935 1935 --Sources: Christopher Pierson, Beyond the Welfare State, 3rd edition. Cambridge: Polity Press, 2006, p.110.

    Asumsi: 32 jt pekerja sektor formal; gaji Rp 1,5 juta/bulan, iuran

    5%, pertumbuhan gaji 10%, pekerja 6%

    Tahun Rp miliar/th

    Akumulasi

    Rp miliar

    Th 1 28.800 28.800

    Th 2 33.581 62.381

    Th 3 39.155 101.536

    Th 4 45.655 147.191

    Th 5 53.234 200.425

    Th 6 62.070 262.495

    Th 7 72.374 334.869

    Th 8 84.388 419.257

    Th 9 98.397 517.654

    Th 10 114.731 632.385

    Akumulasi Iuran:

    Memastikan

    ketersediaan

    dana

    Kepastian

    investor faskes,

    alkes dan

    medical supplies

    Memastikan

    pasien

    AkumulasiAkumulasi IuranIuran JamkesJamkes

    Sumber: Hasbullah Thabrany, Dampak Ekonomi Pelaksanaan SJSN, disajikan pada Round Table Discussion GP Farmasi 27 April 2010.

  • 23

    JaminanJaminan harihari tuatua//pensiunpensiun ((iuraniuran 6%)6%)

    Jaminan hari

    tua/Pensiun

    merupakan

    sumber dana

    investasi

    jangka

    panjang yang

    luar biasa

    besar.

    Tahun

    Iuran/th

    Rp miliar

    Akumulasi

    Rp miliar

    Th 1 34.560 34.560

    Th 2 40.297 74.857

    Th 3 46.986 121.843

    Th 4 54.786 176.629

    Th 5 63.880 240.509

    Th 6 74.485 314.994

    Th 7 86.849 401.843

    Th 8 101.266 503.109

    Th 9 118.076 621.185

    Th 10 137.677 758.862

    Sumber: Hasbullah Thabrany, Dampak Ekonomi Pelaksanaan SJSN, disajikan pada Round Table Discussion GP Farmasi 27 April 2010.

    BagianBagian VIVIKembaliKembali keke JatiJati DiriDiri

  • 24

    KeunikanKeunikan IndonesiaIndonesia

    Negara Negara maritimmaritim the archipelago economythe archipelago economyUntuk membangun Indonesia menjadi negara besar, negara kuat, negara makmur, negara damai yang merupakan

    National Building bagi negara Indonesia, maka negara dapat menjadi kuat jika dapat menguasai lautan. Untuk

    menguasai lautan kita harus menguasai armada yang seimbang.

    (Ir. Soekarno dalam National Maritime Convention I (NMC), 1963)

  • 25

    Price disparities (Rupiah)Price disparities (Rupiah)

    Region Rice Wheat flour Sugar Cooking oil Salt

    East Jawa 4,250 3,606 6,000 4,150 1,600

    West Kalimantan 4,400 4,000 5,800 4,500 2,450

    East Kalimantan 4,500 4,000 6,500 4,500 2,000

    South Sulawesi 4,400 3,500 6,500 4,500 2,000

    East Nusa Tenggara 4,200 4,500 5,800 6,300 2,000

    Merauke 5,000 7,000 7,000 6,670 3,000

    Nabire 6,000 10,000 11,000 11,000 4,000

    Paniai 18,000 7,500 8,000 7,000 8,000

    Source: Ministry of Trade.

    ManaMana lebihlebih murahmurah??

    Jeruk Medan, Indonesia Jeruk Mandarin, China

  • 26

    Prices of orangesPrices of oranges

    Prices were measured in a supermarket in Jakarta

    Jeruk MedanRp. 20,000 per kg

    Jeruk China..Rp. 17,000 per kg

    WHY IS THIS THE CASE?

    This explains why oranges from Medan are This explains why oranges from Medan are more expensive to some extent.more expensive to some extent.

  • 27

    Cement in Papua is 20 times more expensive than in Jakarta because of shipping costs

    Container Shipment cost:

    Padang Jakarta = US$600 Jakarta Singapore = US$185

    FaktaFakta lain yang lain yang membuatmembuat mirismiris

    Source: R.J. Linos presentatatiom, March 2011.

    JarakJarak ekonomiekonomi makinmakin jauhjauh

    Source: R.J. Linos presentatatiom, March 2011.

  • 28

    The sea unites IndonesiaThe sea unites Indonesia

    Logistics performance index, 2012, n=155Logistics performance index, 2012, n=155

    Source: World Bank, Logistic Performance Index: LPI Results 2012 (http://lpisurvey.worldbank.org/)

    Country

    LPI

    rank

    LPI

    score Customs

    Infra-

    structure

    International

    shipments

    Logistic

    competence

    Tracking &

    tracing

    Time-

    liness

    Singapore 1 4.13 4.10 4.15 3.99 4.07 4.07 4.39

    Hong Kong 2 4.12 3.97 4.12 4.18 4.08 4.09 4.28

    China 26 3.52 3.25 3.61 3.46 3.47 3.52 3.80

    Malaysia 29 3.49 3.28 3.43 3.40 3.45 3.54 3.86

    Thailand 38 3.18 2.96 3.08 3.21 2.98 3.18 3.63

    Brazil 45 3.13 2.51 3.07 3.12 3.12 3.42 3.55

    India 46 3.08 2.77 2.87 2.98 3.14 3.09 3.58

    Philippines 52 3.02 2.62 2.80 2.97 3.14 3.30 3.30

    Vietnam 53 3.00 2.65 2.68 3.14 2.68 3.16 3.64

    Indonesia 59 2.94 2.53 2.54 2.97 2.85 3.12 3.61

    Cambodia 101 2.56 2.30 2.20 2.61 2.50 2.77 2.95

    Lao, PDR 109 2.50 2.38 2.40 2.40 2.49 2.49 2.82

    Myanmar 129 2.37 2.24 2.10 2.47 2.42 2.34 2.59

  • 29

    Public and customers perception improvedPublic and customers perception improved

    Source: JR Lino presentation (IPC) based on World Bank, January 2013.

    But. the solution is this!!!But. the solution is this!!!

  • 30

    BagianBagian VIIVIIMomentum Momentum AkselerasiAkselerasi

    PendudukPenduduk Indonesia Indonesia miripmirip JepangJepang tahuntahun 19501950

    Source: Badan Pusat Statistik and http://www.economist.com/blogs/dailychart?page=1&fsrc=scn/fb/wl/bl/dailychartjan10 (20101120_WOC951)

    Indonesia Jepang

    66%

    29%

    5%

    15-49

    = 55%

  • 31

    Maximizing opportunities: Maximizing opportunities: Indonesias remaining demographic dividendIndonesias remaining demographic dividend

    Children: 14 and below (%)

    Elderly: above 64 (%)

    Working age: 15 to 64 (%)

    Dependency ratio (%)

    0.0

    10.0

    20.0

    30.0

    40.0

    50.0

    60.0

    70.0

    80.0

    90.0

    0.0

    10.0

    20.0

    30.0

    40.0

    50.0

    60.0

    70.0

    80.0

    90.0

    1950 1960 1970 1980 1990 2000 2010 2020 2030 2040 2050

    De

    pen

    den

    cy

    ratio

    : c

    hild

    ren

    a

    nd

    eld

    erl

    y to

    w

    ork

    ing

    age

    (%

    )

    % o

    f po

    pula

    tion

    Source: World Bank, Indonesia economic update: Near-term issues and looking ahead to 2012, March 2011.

    * AugustSource: Bank Indonesia.

    Central government debt outstandingCentral government debt outstanding

    68.4 63.573.3 76.6 71.3 70.5

    82.3 85.3 82.8104.2

    118.4131.0

    140.8 140.6

    61.158.9

    63.768.9

    68.6 63.162.0 62.3 66.7

    65.0

    68.7

    68.563.8 58.8

    0

    50

    100

    150

    200

    250

    2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013*

    Securities Loans

    US

    D b

    illio

    n

  • 32

    Source: Kementerian Keuangan

    Government debt outstandingGovernment debt outstanding

    743 803906 979

    1,064 1,1181,359

    559586

    730 611617 621

    633

    0

    500

    1,000

    1,500

    2,000

    2,500

    2006 2007 2008 2009 2010 2011 2012

    Securities Loans

    Source: Bank Indonesia.

    Composition of government debt

    (percent)

  • 33

    Holders of tradable domestic government securities (percent)

    Continued increasing proportion of foreign Continued increasing proportion of foreign ownership of government securitiesownership of government securities

    Foreign ownership of domestic government securities by maturity (percent)

    * October

    Source: Bank Indonesia.

    * SeptemberSource: World Bank for 1990-2000, and Bank Indonesia and Ministry of Finance for 2001-2012.

    41.9

    32.3

    97.9

    77.0

    67.461.3

    56.4

    47.1

    39.035.2 33.1

    28.4 26.1 24.4 24.0 23.4

    0

    20

    40

    60

    80

    100

    120

    Government debt to GDP ratioGovernment debt to GDP ratio

    percent

  • 34

    Central government gross debt ratioCentral government gross debt ratio

    Sources: ADB, Asian Development Outlook 2012 Update, October 2012..

    Indonesias sovereign rating by 5 agenciesIndonesias sovereign rating by 5 agencies

    IG = Investment Grader.;-1 IG = one notch below investment grade.Sources: Bank Indonesia.

    Rating Agency RatingLatest

    Awarded Date Outlook Note

    Moody's Baa3 Nov. 22, 2012 Stable IG

    Fitch BBB- Nov. 15, 2013 Stable IG

    Rating and Investment BBB- Oct. 11, 2013 Stable IG

    Japan Credit Rating Agency BBB- July 22, 2013 Stable IG

    Standard & Poor's BB+ May 2, 2013 Stable -1 IG

  • 35

    Terima Kasih

    Email: [email protected]: @faisalbasri

    Infografis: visuallyconomic.comBlog: kompasiana.com/faisalbasriBlog: faisalbasri01.wordpress.com

    PosturPostur pemerintahanpemerintahan

    Tak perlu ada Menko.

    Bappenas jadi westwing

    Likuidasi kementerian: pernanan perempuan, pemuda &

    olahraga, kemensos.

    Reposisi kementerian: agama, kominfo, kemenkeu (pajak

    dan bea cukai dikeluarkan)

    Kemenlu