G20 Indonesia Contributes IDR 7.4 Trillion to Gross Domestic Product


The G20 Summit brought blessings to Indonesia. The contribution of the G20 Indonesia Summit series reached US$533 million or around Rp.7.4 trillion for the gross domestic product (GDP), including an increase in domestic consumption of up to Rp.1.7 trillion.

“We have held many events since December 1 last year. In total there are 438 events in 25 cities in Indonesia with various levels of meetings levels. The whole series provides great benefits, especially in encouraging economic growth (gross product),” said Secretary of the Coordinating Ministry for Economic Affairs Susiwijono Moegiarso at an online #G20Updates press conference entitled “Benefits of the G20 for the Community,” Thursday (11/3/2022).

He added that from the entire series of activities, both at the main event and at the side event, the G20 Presidency was able to absorb up to 33 thousand workers. Especially from the transportation, accommodation, MICE, and MSME sectors because every event always involves MSMEs.

“When compared to the annual meeting in 2018, the real benefits can be 1.5 to 2 times or even more,” he explained.

Susiwijono said that another thing that could be seen was the start of the economy in Bali. For example, from August to the end of September, there were about 15 ministerial meetings, in terms of traffic, it has seen an increase of more than 70 percent from the previous traffic in terms of transportation.

“The impact is that in Bali we haven’t really seen the GRDP (Gross Regional Domestic Product). But from transportation, traffic in Bali has been confirmed, the occupancy rate has also exceeded pre-pandemic. Likewise for the side event supporting the sector,” he said.

Furthermore, the Expert Staff for the Utilization of Maritime Resources at the Coordinating Ministry for Human Development and Culture (Kemenko PMK) Nyoman Shuida stated that the G20 had a maximum and direct impact on the community, such as an increase in foreign tourists to 1.8 million – 3.6 million as well as 600 thousand – 700 thousand new jobs supported by good performance in the culinary, fashion and craft sectors.

“The G20 must bring maximum benefits to the people of Indonesia, especially in strengthening the economy after this pandemic,” he said.

He revealed, from the hospitality business sector, the occupancy rate of hotel rooms, especially in Bali, has soared higher than during the 2021 pandemic.

“According to the Indonesian Hotel and Restaurant Association (PHRI) during the 2021 Covid pandemic, the occupancy rate of hotel rooms was only around 20 percent, now it has touched the figure in the range of 70 percent. The absorption of labor in the tourism sector, especially hotels, has reached around 80 percent to workers who during the pandemic were sent home,” he said.

Nyoman stated that the consistency of this achievement must still be monitored and maintained and strived to be improved, especially after the G20. Considering that there are still global crises such as inflation, food, energy, and other crises that also have an impact on Indonesia.

“We hope that the G20 Summit can formulate various significant policies and assist issues related to human and cultural development in Indonesia,” said Nyoman.