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Indonesia pursuing $7 trillion GDP, 7% growth

Christian Fernsby |
The government of Indonesia is relying on exports and investment to pursue a 7-percent growth target per year.

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That number is needed so that Indonesia can have a GDP of US$7 trillion by 2045.

Right now, Indonesia has a GDP of just $1 trillion.

"This is an ambitious target, of course, it must be pursued in various ways," Rizal Affandi Lukman, deputy for international economic cooperation at the Coordinating Ministry for Economic Affairs, said.

To boost exports and investments, Rizal said the government is conducting trade negotiations with a number of countries.

So far, 17 negotiations have been completed, 12 are ongoing, and 11 will begin soon.

As of Q3/2019, Indonesia's economic growth was 5.02 percent.

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