Indonesia’s Crypto Sector Poised to Inject $16.5B into Economy, Generate 1.2M Jobs

Indonesia's cryptocurrency industry is emerging as a significant economic catalyst, with projections suggesting it could contribute Rp260.36 trillion ($16.5 billion) to GDP and create 1.22 million jobs. A University of Indonesia study reveals crypto activities already added $4.4 billion (0.32% of GDP) and 333,000 jobs in 2024 alone.

The LPEM FEB UI report emphasizes that real economic benefits depend on local reinvestment of trading profits into productive sectors. "The multiplier effect only materializes when crypto gains circulate domestically," noted researcher Prani Sastiono during the Jakarta presentation. Crypto trading could elevate Indonesia's GDP by 0.86-1.18% under optimal conditions.

Five policy recommendations anchor the growth roadmap: enhanced regulatory frameworks, improved market oversight, tax regime modernization, digital literacy programs, and infrastructure development. The findings arrive as Southeast Asia's largest economy positions itself as a regional crypto hub.