The 1%

by indonotes

It is not exactly a cheery note to end the year with, but during my holiday I was listening to some back episodes of the podcast Talking Indonesia and was particularly struck by a statistic quoted by Dr Matthew Wai-Poi from the World Bank, in an episode about inequality in Indonesia. Based on a 2014 study it was estimated that the richest 1% of households owned 50% of wealth in Indonesia, one of the highest rates for any country where data was available. The report is available here and the relevant chart is on page 18 (using the report’s pagination).