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FINANCIAL ECONOMICS

Imperatives for post COVID-19 recovery of Indonesia’s education, labor, and SME sectors

ORCID Icon | (Reviewing editor)
Article: 1911439 | Received 01 Dec 2020, Accepted 28 Mar 2021, Published online: 20 Apr 2021

Figures & data

Figure 1. Contribution of industry, services, and agriculture to GDP, 2009–2019 (%)

Source: Plecher (Citation2020)
Figure 1. Contribution of industry, services, and agriculture to GDP, 2009–2019 (%)

Figure 2. The impact of COVID-19 pandemic on real GDP growth, 2018–2021, actual and projected, Indonesia

Source: IMF, Citation2020a)
Figure 2. The impact of COVID-19 pandemic on real GDP growth, 2018–2021, actual and projected, Indonesia

Figure 3. Projected economic contraction and recovery of Indonesia, Malaysia, the Philippines, and Thailand, 2020–2022

Source: WEO (Citation2021)
Figure 3. Projected economic contraction and recovery of Indonesia, Malaysia, the Philippines, and Thailand, 2020–2022

Figure 4. A break-up of the pandemic fallout in all economic sectors in the economy

Source: BPS, Citation2020.
Figure 4. A break-up of the pandemic fallout in all economic sectors in the economy

Figure 5. Trajectory of domestic and foreign direct investment, April–June 2019, April–June 2020

Source: BPS, Citation2020)
Figure 5. Trajectory of domestic and foreign direct investment, April–June 2019, April–June 2020

Figure 6. Impact of COVID-19 pandemic on the stock market

Source: BPS (Citation2020).
Figure 6. Impact of COVID-19 pandemic on the stock market

Figure 7. Fluctuations in stock exchange reflecting rising uncertainty

Source: BPS (Citation2020).
Figure 7. Fluctuations in stock exchange reflecting rising uncertainty

Figure 8. Drastic increase in central government expenditure January–June 2020

Source: BPS, Citation2020)
Figure 8. Drastic increase in central government expenditure January–June 2020

Figure 9. Government spending induced by COVID-19 by area and purpose

Source: Ministry of Finance RI (Citation2020:35)
Figure 9. Government spending induced by COVID-19 by area and purpose

Figure 10. Percentage of countries that have introduced remote learning programs, by education level

Source: UNICEF (Citation2020).
Figure 10. Percentage of countries that have introduced remote learning programs, by education level

Figure 11. Smartphone ownership in Indonesia, 2015–2025*

Figure 11. Smartphone ownership in Indonesia, 2015–2025*

Figure 12. Internet uses in Indonesia, 2015–2025*

Source: Muller (Citation2020b).
*data for 2020-2025 are projections
Figure 12. Internet uses in Indonesia, 2015–2025*

Figure 13. PISA 2018 test scores for Indonesia, Malaysia, Singapore, and Indonesia compared

Source: OECD (Citation2019).
Figure 13. PISA 2018 test scores for Indonesia, Malaysia, Singapore, and Indonesia compared

Figure 14. Comparing three PISA 2018 test scores and competitiveness, digitization, e-governance, and Waseda IDG ranks

Source: miscellaneous IMD (2019), BBVBBVA (2017), OECD (Citation2019), Waseda-IAC-International Digital Governance Rankings 2018 Report (Toshio, Citation2018).
Figure 14. Comparing three PISA 2018 test scores and competitiveness, digitization, e-governance, and Waseda IDG ranks

Figure 15. Core principles of Finland 2016 curriculum

Source: Lähdemäk (Citation2018).
Figure 15. Core principles of Finland 2016 curriculum

Figure 16. Unemployment rate trend (% of labor force) 1984–2022*. * Projected. Source: WEO

Figure 16. Unemployment rate trend (% of labor force) 1984–2022*. * Projected. Source: WEO

Figure 17. Labor productivity of Indonesian workers per hour worked in US$, 2000–2018

Source: Hirschmann (Citation2019).
Figure 17. Labor productivity of Indonesian workers per hour worked in US$, 2000–2018

Figure 18. Foreign investment as % of GDP, for some ASEAN states, first half, 2019

Source: Maybank Ing Research based on CEIC data, Bloomberg QuickTake
Figure 18. Foreign investment as % of GDP, for some ASEAN states, first half, 2019

Figure 19. Contribution of sectoral activities to GDP (%), 2019

Figure 19. Contribution of sectoral activities to GDP (%), 2019

Table A1. Impact of COVID-19 pandemic on the economy in first and second quarter of 2020 (constant 2010 billion Rupiahs)