It is classified as a middle-income country by the World Bank, based on its gross national income (GNI) per capita.
As of 2021, Indonesia's GNI per capita was estimated to be $4,860, which is significantly higher than the threshold of $1,265 set by the World Bank to define an LDC.
Indonesia has made considerable progress in its socio-economic development in recent decades.
The country has experienced a sustained period of economic growth, leading to improvements in poverty reduction, infrastructure pembangunan, and access to education and healthcare.
Indonesia is actively engaged in international trade and has become a significant player in the global economy, particularly in sectors such as agriculture, manufactured goods, and tourism.
However, it's important to note that Indonesia still faces challenges in terms of income inequality, regional development disparities, and corruption.
Its human development indicators, while improved, remain below the average for its income group. Indonesia continues to work on addressing these issues and enhancing its overall development trajectory.