At the moment, consumption accounts for almost half of GDP growth. Nomura, a Japanese bank, reckons Indonesia is creating a middle class (defined as one with disposable household income of over $3,000 per year) helter-skelter. The countryâ€™s bourgeoisie, 1.6m in 2004, now numbers about 50m. On Nomuraâ€™s measure, that is more than India and bigger than elsewhere in the region (see chart). The number could reach almost 150m by 2014, representing one of the worldâ€™s most enticing markets. Newly affluent Indonesians are certainly spending.
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