Economic Challenges
It was only until changes in government in 1965 that triggered off essential progress in lowering the country’s poverty rate. From a steep recession in 1965 with an 8% decline in GDP, the country began to develop economically in the 1970s, earning much benefit from the oil shock. This development continued throughout the 1980s and into the 1990s despite the oil counter-shocks. During these periods, GDP level rose at an average rate of 7.1%. Indonesia saw consistent growth, with the official poverty rate falling from 60% to 15%. Despite this development, an estimated 13.33% of the population (2010 estimate) remains below the poverty line.
Read more about this topic: Economy Of Indonesia
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