Indonesia’s Progress in SDG 8
What is SDG 8?
SDG 8: Decent Work & Economic Growth, encourages long-term, inclusive, and sustainable economic development, as well as full and productive employment and decent work for everyone.
Why is SDG 8 important?
SDG 8 emphasizes the significance of long-term economic development and high levels of productivity for the establishment of well-paying, high-quality employment, as well as resource efficiency in consumption and production. It also advocates for the abolition of forced labor, human trafficking, and child labor, as well as the advancement of labor rights and the creation of safe and secure working conditions.
How far have we come?
Following the approval by UN member nations, Indonesia has met 65.3% of the 17 SDGs. Although major difficulties persist, good developments have been noted in terms of economic growth and employment and the nation is on pace to achieve SDG 8 in the U.N. Sustainable Development Report.
Indonesia, as a developing lower-middle-income country, has the biggest economy in Southeast Asia and is the world’s fourth most populated country.
Since the Asian financial crisis in the 1990s, Indonesia has reduced its poverty rate by more than half, down to 9.4 percent in 2019, according to World Bank statistics. In 2019, the labor force participation rate; the number of individuals who are working or are searching for work inside the labor force, was approximately 69%. Indonesia has met the SDG as of 2017.
Where do we go from here?
Modern slavery
This indicator reported a value of $4.73 with a goal of zero. One estimate is that about 1.2 million Indonesians are in contemporary slavery, which equates to roughly 0.47% of the entire population. Slavery prevalence is ranked 74th in the world, according to the Minderoo Foundation’s Global Slavery Index.
Low use of banking or financial account or mobile money service
Indonesia is valued at 48.86 with significant obstacles to the long-term goal of 100 still looming. This metric represents the proportion of individuals, ages 15 and above, who have a bank account or equivalent financial service. These individuals utilized a mobile money service in the last year. UN SDG updates show that Indonesia is on pace to meet SDG target 8 by 2030.
Import work-related fatalities
This statistic monitors fatal work-related accidents per 100,000 persons associated with imported products. More than 1.8 million people have died because of work-related incidents across Asia and the Pacific, according to the 2018 International Labour Organization. Reports show that an expected drop in workplace fatalities in Indonesia for SDG 8 has really occurred.
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