Quick Answer: Why is Indonesia unemployment so low?

Is unemployment a problem in Indonesia?

In 2020, the unemployment rate in Indonesia was at approximately 4.11 percent. The Republic of Indonesia is a sovereign state archipelago in Southeast Asia, composed of more than 17,000 islands.

Indonesia: Unemployment rate from 1999 to 2020.

Characteristic Unemployment rate
2020 4.11%
2019 3.62%
2018 4.4%
2017 3.88%

Does Indonesia have high unemployment rate?

Unemployment Rate in Indonesia averaged 6.05 percent from 1982 until 2018, reaching an all time high of 11.24 percent in the third quarter of 2005 and a record low of 2 percent in the fourth quarter of 1983. … Indonesia Unemployment Rate – values, historical data and charts – was last updated on November of 2021.

What causes Indonesian unemployment?

Based on the facts on the ground, the high unemployment rate in Indonesia is caused by a lack of access to education, lack of opportunities to develop, inability to compete and lack of skills. … In Indonesia, the International Labor Organization (ILO) states that 50% of the unemployed are new graduates.

Which country has the lowest unemployment rate and why?

The ten countries with the lowest unemployment rates are:

  • Cambodia (0.30%)
  • Qatar (0.60%)
  • Thailand (0.70%)
  • Belarus (1.0%)
  • Benin (1.0%)
  • Gibraltar (1.0%)
  • Tonga (1.1%)
  • Isle of Man (1.1%)
IT IS IMPORTANT:  How is Manila Philippines affected by climate change?

Why is Indonesia’s unemployment rate so high?

Unemployment in Indonesia. During the course of Suharto’s New Order, economic development added many new jobs to the Indonesian economy, thus pushing down the nation’s unemployment rate.

What are the 5 causes of unemployment?

5 Major Causes of Unemployment in Nigeria

  • Epileptic Electric Power Supply. Lack of regular electric power supply is the biggest cause of unemployment in Nigeria. …
  • Poor Quality of Education. …
  • Negligence of Agriculture and Other Natural Resources. …
  • Corruption. …
  • 7 Best Sites to Check Reviews Before Buying Online (2019)

What is the minimum wage in Indonesia?

Indonesia’s yearly minimum wage is $1,027.00 in International Currency.

What is the unemployment rate in Indonesia 2021?

Indonesia: Labor

Reference Previous
Unemployment 28 Feb 2021 9,767,754
Unemployment Rate 28 Feb 2021 7.07
Agriculture Employment 2017 39,897,046
Wage & Salaries 2016 11,153,394,872,489

What is the employment rate in Indonesia?

Indonesia employment rate was at level of 63.72 % in 2020, down from 65.54 % previous year.

What is the poverty line in Indonesia?

Indonesia’s national poverty line set a consumption of Rp302,735 ($25) monthly per person – about 82 cents daily.