Sandiaga Uno: Forex Earnings from Tourism Rise 10-Fold in 2022

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Sandiaga Uno: Forex Earnings from Tourism Rise 10-Fold in 2022

TEMPO.CO, Jakarta - Indonesia’s Tourism and Creative Economy Minister Sandiaga Uno said the number of foreign tourists visiting the country has su

TEMPO.CO, Jakarta – Indonesia’s Tourism and Creative Economy Minister Sandiaga Uno said the number of foreign tourists visiting the country has surpassed the 2022 target of 3.6 million. He predicted that the number will rise two folds.

“Statistics Indonesia (BPS) records that 3.92 foreign tourists visit Indonesia. So tourism and creative economy sector will remain the driver of the national economic growth,” said Sandiaga in a virtual press conference on Monday, December 26, 2022.

He thus targeted that throughout 2023, the country could log 3.5 million to 7.4 million foreign tourist visits. From there, foreign exchange earnings were projected to reach US$2-5.95 billion.

In 2022, the forex earnings amounted to US$4.26 billion, or a ten-fold increase from last year’s realization. This achievement also exceeded the target of US$1.7 or a three-fold hike.

The increase in forex earnings, Sandiaga explained, was attributable to the hike in foreign tourist visits in line with the economic recovery post the COVID-19 pandemic. 

Meanwhile, the estimated number of domestic tourists in 2022 was 703 million. With the Christmas and New Year holidays, he hoped the figure reaches 800 million or up by more than 15 percent from 2021.

“It’s predicted that tourism’s GDP contribution would increase by 50 percent from last year, and that reaches 3.6 percent,” he outlined.

In 2023, he forecasted that the number of domestic tourists will rise to 1.2-1.4 million and so the GDP contribution continues to increase to at least 4.1 percent.

Sandiaga Uno further acknowledged that 2022 is the revival point for Indonesia’s tourism and creative economy sector which recover faster and rise stronger.

NABILA NURSHAFIRA

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