Indonesia, ASEAN's Second-Largest Recipient of Foreign Investment

Economics & Macro

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Adi Ahdiat 22/07/2024 10:51 WIB

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According to UNCTAD data, Indonesia was the second-largest recipient of foreign investment in ASEAN in 2023.

Foreign Direct Investment in ASEAN (2023)

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Foreign Direct Investment in ASEAN (2023)

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According to UNCTAD data, ASEAN countries received US$226.32 billion in foreign direct investment (FDI) throughout 2023.

This figure represents 17% of total global FDI inflows.

Singapore was the largest recipient of foreign investment among ASEAN countries.

In 2023, Singapore received US$159.67 billion in FDI, equivalent to 71% of the total foreign capital inflow into ASEAN.

Indonesia was the second largest recipient, with US$21.63 billion in FDI, representing 10% of total foreign investment in ASEAN.

UNCTAD did not specify the sectors that received this investment.

They only mentioned that one large foreign investment in Indonesia was in the electric vehicle battery industry, valued at US$9 billion.

Brunei Darussalam was the only ASEAN country with negative FDI in 2023. This negative FDI figure indicates that the country experienced disinvestment or a reduction in foreign investment.

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."