Indonesia returns to upper-middle-income status

People shop at a mall in Serang, Banten, on April 9, 2023. Countries earning over US$4,466 in GNI per capita receive an upper-middle-income status from the World Bank. - AFP

JAKARTA (The Jakarta Post/Asia News Network): Indonesia has reacquired its status as an upper-middle-income country, marking the bounce back of its economy following the pandemic.

The country’s gross national income (GNI) per capita, which measures the sum of money a nation earns divided by its population, reached US$4,580 last year.