Antara News·Indonesia·Thursday, October 22, 2026 at 01:34 PM UTC

Prabowo urges wealth equity as Indonesia ranks seventh by PPP

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M. Cicilia, Tegar Nurfitra

Jakarta (ANTARA) - President Prabowo Subianto stressed the need for more equitable wealth distribution, noting that Indonesia ranks seventh globally in terms of purchasing power parity (PPP), according to the International Monetary Fund (IMF).

"The IMF just issued a list of the world's largest economies based on purchasing power parity ... Indonesia is placed seventh globally. We are the world's seventh-largest economy. We are strong," he remarked at a national coordination meeting in Jakarta on Thursday.

The ranking measures countries by gross domestic product based on purchasing power parity, or GDP (PPP). In its October 2026 World Economic Outlook, the IMF estimated Indonesia's GDP (PPP) at 5.48 trillion international dollars.

Prabowo emphasized that Indonesia's favorable ranking should serve as a foundation for greater national confidence. However, he acknowledged the challenge of ensuring more equitable wealth distribution to improve public welfare.

Despite the encouraging outlook, the president noted that the country's economic strength alone does not automatically guarantee socioeconomic justice for all Indonesians.

"We are strong and rich. The question now is what should we do to properly manage our wealth and ensure it is felt by citizens in the most need. This is the challenge we are facing," Prabowo remarked.

He observed that economic benefits had long been concentrated among a small segment of society, describing the situation as a signal for the government to adjust its policy direction.

"We must dare to correct ourselves. The economic philosophy we adhere to all this time is not in line with the 1945 Constitution," he said.

The president went on to stress that the benefits of Indonesia's wealth had accrued to less than one percent of the population, while tens of millions of Indonesians still required support to improve their living standards.

Prabowo also reiterated the government's commitment to addressing the situation by realigning its policy direction with constitutional principles, while acknowledging that the effort would be a long and challenging process.

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