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What is the wealth distribution in Indonesia? |
Travel Info More like: what is the total wealth a person should possess to be able to be categorized as: middle class, poor, wealthy, super wealthy, extremely poor in Indonesia? And reference to the debt incurred as total wealth would be appreciated. Thanks. Travel Tips According to Chicago Sun Times (Dec 6, 2006) Indonesia, per capita wealth was $1,400. In retrospect, categorizing would be better done based on a person net worth since basing it on items might ignore the fact that some items are not paid off yet (e.g., houses still in mortgage, car still paid in installment, etc). In salary term, Last survey indicates that most people earn around Rp. 300k to Rp. 1.5 mil, yet they cannot be categorized as middle class. Hence majority of the population in Indonesia are categorized as poor in salary term. Middle class would earn from above Rp. 1.5 mil to Rp. 10 mil.a month Rich people would earn more than Rp. 10 mil a month. In fact from Singapore: http://www.indonesiamatters.com/1174/sin... In 2006, 1/3 of new houses and apartment sold in Singapore (mind you, not the inexpensive HDB (House development board) but the executive condo & luxury house) are bought by Indonesian. From net wealth perspective: From the perspective of financial institution, upper class (rich) should have at least a saving worth Rp. 500 mil above (as seen from their printed medias regarding upper class - exclusive membership offer). Middle class would have saving worth at least Rp. 50 mil above. (only applies to certain financial institution) The statistics are not readily available, even BPS (Badan Pusat Statistik) does not provide any helpful information. Will try to find more information regarding this matter. PS: housing prices differ greatly hence cannot be determined as a benchmark. For example: Housing in Jakarta ranges greatly from 200 mil to 5 bil rupiah depending on the area. Apartments range from 100 mil to 2-5 bil to for example. E.g., Mediterannian class of apt costs around 200-350 mil while Taman Anggrek Apt costs from 600mil to 1 bil, and Luxury apartment can cost from 2 bil above (e.g., the one in bundaran HI/ gatot subroto/ the peak/ pakubuwono residence) Some more information to read just for fun: At independence, Indonesia was an extremely poor country, and it was not until after the change in governments in 1965 that any progress was made in lowering the rate of poverty. In the 2 decades prior to 1996, Indonesia saw consistent growth, with the official poverty rate falling from 60 percent to 15 percent. However, not all groups and regions have benefitted equally, and Indonesia has a highly uneven distribution of income. The poorest fifth account for just 8 percent of consumption, while the richest fifth account for 45 percent. Average income today is about US$650 a year. Distribution of Income or Consumption by Percentage Share: Indonesia Lowest 10% 3.6 Lowest 20% 8.0 Second 20% 11.3 Third 20% 15.1 Fourth 20% 20.8 Highest 20% 44.9 Highest 10% 30.3 Survey year: 1996 Source(s): http://findarticles.com/p/articles/mi_qn... http://www.nationsencyclopedia.com/econo... Other Travel Tips Never really heard of certain categories but normally... middle class possess: 1 house, with 1 car. (outsite Jakarta). and 1 house with 2-3 cars (Jakarta, Surabaya, Medan) Wealthy: 2-3 houses, more than 3 cars (Jakarta) Filthy rich: unlimited. Poor: no car, rent house. eat 2 meals a day. Xtremely poor: no car, rent room, no daily meal...maybe once every 2 or 3 days or eat in very small quantity. |
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