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Millennials Key to Indonesia’s \'Golden Age\'

Indonesia currently has a working age population (15 to 64) of 181 million, nearly six times the Malaysian population. This figure could grow to 208 million by the time the country marks its centennial in 2045. This will be a great development capital for transforming Indonesia into a wealthy nation.

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KOMPAS/AYU PRATIWI

PPM Manajemen held the 2018 Human Capital National Conference on "How Millennials are Reshaping Corporate Culture" on September 5-6 2018 in Jakarta.

JAKARTA, KOMPAS – Indonesia currently has a working age population (15 to 64) of 181 million, nearly six times the Malaysian population. This figure could grow to 208 million by the time the country marks its centennial in 2045. This will be a great development capital for transforming Indonesia into a wealthy nation.

The benefits of a large working age population is outlined in PricewaterhouseCooper’s (PwC) February 2017 report, “The World in 2050”, which stated that Indonesia would become the world’s biggest economy by 2050. This large working age population is the country’s demographic bonus, which is expected to last until 2036. “We should make preparations as early as possible so that this demographic bonus does not turn into a deficit,” Statistics Indonesia (BPS) head Kecuk Suhariyanto said in Jakarta on Wednesday (26/9/2018), during a seminar commemorating National Statistics Day (HSN).

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