Circular economy may add up to U$45bil to Indonesia’s GDP by 2030

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JAKARTA (The Jakarta Post/ANN): Adopting a circular economy in Indonesia’s key sectors might add between Rp 593 trillion (US$42.2 billion) and Rp 638 trillion to the country’s gross domestic product (GDP) by 2030, a report finds, stating that doing so will also support the government’s efforts to recover the economy after the Covid-19 crisis.

The report, launched on Monday (Jan 26), specifically highlights the potential to tap circular economy practices in five key Indonesian industries, namely textiles, retail, electronic manufacturing, construction and food and beverage, which collectively contributed 33 per cent of Indonesia's GDP and employed 43 million workers in 2019.