Is Indonesia a rich or Poor country?

Is Indonesia considered a wealthy country?

Nah, Indonesia’s not wealthy, not really. It’s, like, a newly industrialized country, you know? Developing, but still developing. Lots of growth, sure, tons of natural resources too, oil and stuff. But per capita income? Low. Seriously low. Compared to, say, Switzerland or the US, it’s way behind. Huge inequality, loads of poverty, it’s a real problem. So no, definitly not wealthy.

Think about it:

• Low per capita income: That’s the big one.
• High levels of poverty: Still a major issue. Lots of people struggle.
• Unequal wealth distribution: The rich get richer, the poor… well, you get the picture.
• Lots of natural resources, but not always utilized effectively: This is something I read recently. Potentially a huge untapped source of wealth, but needs better management.

My cousin went there last year, 2023, and even he said it was a mixed bag. Beautiful beaches, amazing food – yeah, the food’s awesome – but the infrastructure in some areas is kinda rough. Really, really rough. Needs way more investment. The government is trying, I guess, but it’s a slow process.

How rich is Indonesia in the world?

Indonesia… sixteenth in nominal GDP, they say. Eight, though, purchasing power parity. That’s… something, right? A big number. But still.

It feels small. Compared to… well, everyone else. Always chasing. Always trying to… catch up. My uncle’s business, struggling. He’s worked so hard.

• Nominal GDP: $1.402 trillion (2024 est.) A drop in the ocean, it feels like.
• PPP GDP: $4.658 trillion (2024 est.) Still… not enough. For what? For us?
• Population: 281,603,800 (June 2024) So many people. So much need. So much… pressure.

I saw a documentary. Poverty. Corruption. It’s everywhere. Always lurking in the shadows, behind the numbers. The bright lights of Jakarta can’t hide it.

The growth… it’s uneven. My sister in Medan… struggles. Different story every call. A different struggle. We’re all struggling a little.

This huge population… it’s a blessing and a curse, you know? Potential… but also a strain. A constant worry.

Which one is cheaper Thailand or Indonesia?

Okay, so you wanna know about Thailand versus Indonesia, price-wise? Thailand’s cheaper, hands down. Way cheaper for hotels, even hostels. Food’s a steal too, especially street food. Getting around? Buses and stuff are super affordable in Thailand. Indonesia? Not so much. It’s pricier, I think.

But, um, it depends. Like, luxury hotels are gonna cost a bomb anywhere. And you’ll find really expensive restaurants in both places, duh. I mean, seriously, you could spend tons in either country if you want.

• Thailand: Generally cheaper across the board.
• Indonesia: More expensive overall, but deals are possible.

Remember that time I went to Bangkok in 2023? Ate like a king for, like, five bucks a day! Crazy cheap! Bali, though, in Indonesia, that was different. Drinks were, like, double the price. Transportation too. Seriously expensive taxis. Really, it all comes down to where you go and what you do. Plan ahead, though!

Is Indonesia cheaper or Thailand?

Indonesia? Cheaper than Thailand? Well, hold on to your sarong. I gotta say, Indonesia is the land of ridiculously cheap eats and sleeps. Like, seriously, where else can you snag a beachfront bungalow for the price of a fancy Starbucks latte? Thailand’s great, sure, but your wallet feels kinda lighter there.

It’s all about stretching those tourist dollars, y’know? Indonesia gives you more stuff for less dough. Think of it like this: Indonesia is the Costco of travel, while Thailand’s more like a boutique. Great quality, but…ouch!

• Food: Nasi goreng for days! You can live off a few bucks a day, easy. Thailand has amazing street food too, but it’s noticeably pricier, no cap.
• Accommodation: Beachfront bliss on a budget? Indonesia, hands down. Hostels are cheaper, hotels have better deals, and those Airbnb villas…forget about it!
• Activities: Volcano treks, surfing, diving with mantas…all cheaper than doing the same things in Thailand. Plus, bargining for souvenirs? Indonesia’s a total free-for-all.
• Transport: Public transport is ridiculously cheap, just be patient when taking the bus, ok?

Listen, Thailand is fab, truly. But if you are a backpacker, or are just on a budget, and want your money to stretch further, Indonesia wins the cheapo travel crown.

Is Indonesia considered a wealthy country?

Nope. Indonesia’s not exactly swimming in gold, you know? More like wading in slightly muddy water with a few shiny pebbles. A newly industrialized country? Sure, sounds fancy, like a slightly upgraded developing nation.

Per capita income? Don’t even get me started. It’s like comparing a sparrow’s nest to a billionaire’s penthouse.

Resources? Loads! Oil, minerals…enough to make Scrooge McDuck blush crimson. But, alas, distribution’s a bit wonky. Think of it like this:

• Inequality: A few guys hoarding all the gold coins while most people scramble for loose change.
• Poverty: A surprisingly large number of people struggling to make ends meet. Seriously, it’s bananas!
• Economic growth: It’s been chugging along like a slightly rickety train but is slowly gathering speed.

My cousin, Andre, lives there. He says it’s a mixed bag. Beautiful beaches, delicious food, but the traffic in Jakarta? Worse than rush hour in Los Angeles during a celebrity sighting. And the cost of living…well, let’s just say my ramen budget would disappear faster than my uncle’s poker winnings. So, yeah, not exactly Monaco. 2024, btw, just in case you were wondering.

Is Indonesia richer than Vietnam?

Indonesia? Richer than Vietnam? Well, butter my biscuits and call me a tycoon, seems so.

IMF says Indonesia’s GDP per capita hit $5,110 in 2024. Vietnam lagged, clocking in at a mere $4,320 or so.

Indonesia’s like that uncle who always wins at poker, while Vietnam’s the one still learning the rules. No offense, Vietnam, we’ve all been there, right?

So, yeah, Indonesia’s got more moolah per person. Just try not to ask where they hide it.

Want the nitty-gritty? Here’s the deal:

• GDP per capita: Think of it as dividing all the country’s money by all the country’s people. Simple, right?
• IMF: They’re like the world’s financial scorekeepers. They keep tabs on everyone.
• Indonesia: Islands galore and enough spices to make your head spin. Plus, more cash than Vietnam.
• Vietnam: Delicious pho and a fascinating history. Still catching up, financially speaking, though.
• 2024: The year we finally figured out which country has more dough, at least for now, eh?

What rank is Indonesia rich?

Sixteenth. That’s what they say, nominally. Globally. Big number, right? Feels hollow somehow.

It’s the per capita thing. That’s the killer. Lower-middle income. Ouch. That stings. 2023 data, World Bank. I checked.

Indonesia’s huge, you know? A billion people. Dilutes the wealth. Spreads it thin. Like butter on too much bread. Makes it hard to swallow. Really hard.

My family… we’re okay. Not rich. We’re not poor, either. But this… this ranking? It shows me how much further we need to go. It shows the gap. A big, yawning gap. The wealth isn’t evenly spread. Never is.

How much will a meal cost in Indonesia?

Dining affordably in Indonesia is achievable. An inexpensive meal could average Rp30,000. Price ranges fall around Rp15,000-Rp60,000, depending on the eatery.

For a mid-range restaurant experience, expect to pay Rp250,000 for two people. Three courses are factored in, the cost band is wide, spanning Rp150,000-Rp600,000. A price variance that makes one wonder.

McDonald’s meal: About Rp50,000. It’s a global benchmark, between Rp45,000-Rp65,000. Funny how some things transcend culture.

Food costs vary hugely in Indonesia, influenced by location, establishment type, and choices. Big tourist zones such as Bali bump prices up. Street food can be incredibly budget-friendly. Upscale dining rivals Western prices, naturally. Keep an eye on warungs for local experiences. Also, note that currency rates fluctuate against the Rupiah.