Top 5 Indonesian Provinces Receiving the Most Investment in 2023, Majority Located in Java

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Cindy Mutia Annur 29/01/2024 15:03 WIB

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BKPM reports that 4 out of 5 provinces receiving the largest investments in 2023 are located on Java Island.

Top 5 Indonesian Provinces with the Highest Realized Investment (2023)

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Top 5 Indonesian Provinces Receiving the Most Investment in 2023, Majority Located in Java

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Top 5 Indonesian Provinces with the Highest Realized Investment (2023)

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The Indonesian Investment Ministry/Investment Coordinating Board (BKPM) reported that investment realization in Indonesia throughout 2023 reached Rp1,418.9 trillion, surging 17.5% compared to 2022 (year-on-year/yoy).

BKPM also noted that 4 out of 5 provinces receiving the largest national investments are located on Java Island.

The highest investment realization in 2023 was in West Java, with a value of Rp210.6 trillion, followed by DKI Jakarta at Rp166.7 trillion.

East Java ranked third with an investment realization of Rp145.1 trillion, followed by Central Sulawesi at Rp112 trillion, and Banten at Rp103.9 trillion.

The 2023 investment realization consisted of foreign direct investment (FDI) of Rp744.0 trillion, equivalent to 52.4% of the total realization. Domestic direct investment (DDI) amounted to Rp674.9 trillion or 47.6%.

Annually, FDI realization in 2023 grew by 13.7% (yoy), while DDI grew by 22.1% (yoy).

Based on the business sector, the 2023 investment realization flowed mostly into the basic metal industry, metal goods, excluding machinery and equipment, valued at Rp200.3 trillion.

This was followed by the transportation, warehousing, and telecommunications sector at Rp159.8 trillion; the mining sector at Rp156.5 trillion; the housing, industrial estates, and office sector at Rp115.2 trillion; and the chemical and pharmaceutical industry sector at Rp105 trillion.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Top 5 Indonesian Provinces Receiving the Most Investment in 2023, Majority Located in Java

Top 5 Indonesian Provinces Receiving the Most Investment in 2023, Majority Located in Java

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Top 5 Indonesian Provinces Receiving the Most Investment in 2023, Majority Located in Java

Top 5 Indonesian Provinces Receiving the Most Investment in 2023, Majority Located in Java

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