PUBLISHER: GlobalData | PRODUCT CODE: 1154829
PUBLISHER: GlobalData | PRODUCT CODE: 1154829
Based on our proprietary datasets, this report analyzes Indonesia's wealth and retail savings and investments markets, including overall affluent market size (both by number of individuals and the value of their liquid assets). The report also provides analysis of the factors driving liquid asset growth, including a breakdown and forecast of total retail savings and investments split by equities, mutual funds, deposits, and bonds.
In 2021, Indonesia's affluent segment (including HNW and mass affluent individuals) accounted for 0.65% of the total population but more than 90% of the country's total onshore liquid assets. Economic recovery in 2021 resulted in a rebound in stock market valuations. As a result, affluent individuals' liquid assets are set to have risen by 4.5% in 2021, while the liquid assets of HNW individuals grew by 7.8%. Deposits account for the largest share of the Indonesian retail savings and investment portfolio, constituting more than 72% of overall balances. Between 2022e and 2026f, we expect the retail savings and investments market to record a compound annual growth rate (CAGR) of 6.9%. This will mainly be driven by bonds, which are forecast to expand at a CAGR of 12.7% over 2022e-26f.