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A widely circulated infographic on social media recently claimed that Indonesia ranks as the second-poorest country in the world, reporting a poverty rate of 60.3 per cent, compared with Zimbabwe’s 84.2 per cent, and attributed the figures to the World Bank.
Lecturer at the Department of Economics, Faculty of Economics and Business, Gadjah Mada University (FEB UGM), as well as the Poverty and Inequality Research Division/EQUITAS (Equitable Transformation for Alleviating Poverty and Inequality), Wisnu Setiadi Nugroho, Ph.D., said that the World Bank has never issued any documents through the Global Poverty Line, Poverty and Inequality Platform (PIP), nor the Macro Poverty Outlook that mentions Indonesia as the second poorest country in the world.
“This narrative does not originate from the World Bank but rather from a misunderstanding and misinterpretation of the concept of purchasing power parity (PPP),” he explained on Thursday (4/2/2026) at FEB UGM.
Wisnu explained that the World Bank relies on purchasing power parity (PPP) based on a poverty line, such as USD 2.15 PPP per capita per day, to measure international poverty rather than converting it using the current exchange rate.
However, many infographics on social media make mistakes, such as multiplying the PPP USD value by the rupiah market exchange rate (±Rp16,000/USD).
Students from the Faculty of Economics and Business, Universitas Gadjah Mada (FEB UGM), have once again achieved outstanding success on the international stage.
The shadow economy, economic activities that go unrecorded, poses a challenge to a country’s economy. This phenomenon not only results in lost potential state revenue but is also closely linked to money laundering practices that can damage the stability of the financial system.
A lecturer from the Department of Accounting, Faculty of Economics and Business, Universitas Gadjah Mada (FEB UGM), as well as a Forensic Accounting expert, Rijadh Djatu Winardi, S.E., M.Sc., Ph.D., CFE., CFrA., explained that the shadow economy includes all economic activities, both legal and illegal, conducted without official business registration.
Victory does not come instantly. It grows from consistent training habits, maintaining performance, and the willingness to keep learning. Three students from the Faculty of Economics and Business, Universitas Gadjah Mada (FEB UGM), achieved outstanding results by excelling in taekwondo at the Gadjah Mada Student Sports Week (PORSENIGAMA) 2025.
They are Fadlillah Nur Maulidina (Management 2024), who won 2nd Place in Individual Poomsae Female Category A; Muhammad Bagus Diwangkara (Management 2023), who secured 3rd Place in Kyorugi U-80 Male; and Amanda Nayla Wardhana (IUP Accounting 2025), who achieved 2nd Place in Kyorugi O-73 Female.
Journey in Taekwondo
Fadlillah’s interest in taekwondo began from her habit of watching martial arts movies during junior high school.