The coverage of social insurance programs in Indonesia stood at 11.93% of the population in 2023. Moving into the forecasted data for 2024, the coverage is projected to be 12.2%. Over the next few years, this coverage is expected to incrementally increase, reaching 13.21% by 2028.
Year-on-year variations display a steady growth trend, with the coverage increasing by approximately 2.3% from 2024 to 2025, 2% from 2025 to 2026, and 1.96% from 2026 to 2027. The projected Compound Annual Growth Rate (CAGR) from 2024 to 2028 is roughly 1.83%, indicating a stable upward trend in the coverage of social insurance programs.
Future trends to watch for include the impact of government policies on social insurance enrollment, economic conditions influencing the ability of individuals to participate in these programs, and demographic changes that could affect the overall population's need for social insurance coverage. Monitoring these factors will be crucial for understanding the trajectory of social insurance coverage in Indonesia.
