Indonesian Minister of Creative Economy, Tiko Rivki Harsia, emphasized the importance of adopting data-driven policies to enhance the creative economy sector, which is considered a new engine for economic growth. This statement was made during a visit to the Katadata office in Jakarta, where ways to support this vital sector were discussed.
Harsia pointed out that the government, under the leadership of President Prabowo Subianto, views the creative economy as a significant growth opportunity, stressing the need to manage this sector as a "new mine" that requires collaboration among various stakeholders.
Event Details
During the visit, Harsia reviewed the achievements of the ministry, noting that total investments in the creative economy reached approximately 183.01 trillion rupiah, which is equivalent to 134% of the target set for 2025. He also predicted that the Gross Domestic Product (GDP) of the creative economy would grow by 6.57% in 2024, surpassing the expected national economic growth of 5.03%.
Harsia emphasized the importance of collaboration with Katadata in formulating data-driven policies, indicating that this collaboration would contribute to enhancing growth and better directing investments towards 17 sub-sectors within the creative economy.
Background & Context
The creative economy is considered an emerging sector gaining increasing importance in many countries, contributing to job creation and fostering innovation. In Indonesia, this sector encompasses a wide range of activities such as arts, design, media, and technology. In recent years, the country has witnessed growing interest from both the government and investors in this field.
The Indonesian government aims to transform the creative economy into one of the main engines of economic growth, especially in light of global economic challenges. Studies have shown that the creative economy can significantly contribute to the country's GDP.
Impact & Consequences
Harsia's statements reflect the Indonesian government's strategic direction towards enhancing the creative economy as part of the national development plan. Adopting data-driven policies can improve the effectiveness of investments and direct them towards the most needed areas, thereby enhancing the sector's competitiveness both locally and internationally.
Moreover, strengthening the creative economy can contribute to creating a more innovative work environment, attracting more youth to this sector and fostering entrepreneurship. This, in turn, could lead to improved living standards and increased job opportunities in the country.
Regional Significance
Indonesia's experience in enhancing the creative economy through data can serve as a model for Arab countries, many of which face similar economic challenges. Investing in the creative economy can help diversify economies and reduce reliance on traditional sectors.
Furthermore, Arab countries can benefit from Indonesian experiences in fostering collaboration between the public and private sectors, which contributes to developing more supportive work environments for innovation and creativity.