The administration of public enterprise in Indonesia - Page 222 |
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208
Standards of Living
The standard of living of Indonesians idiich started
declining in the late nineteenth century continued to
decline at a more rapid pace after World War II. The
average annual income per capita for the period 1952-1954
was $80.^^ The rapid increase of population, corruption,
rebellion. West Irian dispute, and a host of other factors
has resulted in a chronic inflation. The Indonesian
currency was quoted officially at Rp. 3.80 to $1.00 in
1951; Rp. 11.40 in 1955; and Rp. 45.00 since 1960. However,
black-market quotations at the present are more than
ten times the official rate.
Prices have risen sharply in all sectors of the
economy. The price index (1953 =» 100) of average retail
prices in Djakarta of fifteen home-produced and fifteen
imported consumption articles in 1961 was 584.^^ By the
^United Nations, Statistical Papers Per Capita
National Product of Fifty-five Countries. 1952-1954
(United Nations: 1954), p. 7.
^^See Statistical Pocketbook of Indonesia. 1961.
pp. 229-30; infra.. p. 19.
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| Title | The administration of public enterprise in Indonesia - Page 222 |
| Repository email | cisadmin@lib.usc.edu |
| Full text | 208 Standards of Living The standard of living of Indonesians idiich started declining in the late nineteenth century continued to decline at a more rapid pace after World War II. The average annual income per capita for the period 1952-1954 was $80.^^ The rapid increase of population, corruption, rebellion. West Irian dispute, and a host of other factors has resulted in a chronic inflation. The Indonesian currency was quoted officially at Rp. 3.80 to $1.00 in 1951; Rp. 11.40 in 1955; and Rp. 45.00 since 1960. However, black-market quotations at the present are more than ten times the official rate. Prices have risen sharply in all sectors of the economy. The price index (1953 =» 100) of average retail prices in Djakarta of fifteen home-produced and fifteen imported consumption articles in 1961 was 584.^^ By the ^United Nations, Statistical Papers Per Capita National Product of Fifty-five Countries. 1952-1954 (United Nations: 1954), p. 7. ^^See Statistical Pocketbook of Indonesia. 1961. pp. 229-30; infra.. p. 19. |
