Not China, This is Indonesia's Biggest Investor in 2023

Economics & Macro

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Cindy Mutia Annur 29/01/2024 16:43 WIB

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According to the BKPM report, Singapore was the largest source of foreign investment in Indonesia in 2023.

Top 5 Countries of Origin for Foreign Investment in Indonesia (2023)

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Not China, This is Indonesia's Biggest Investor in 2023

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Top 5 Countries of Origin for Foreign Investment in Indonesia (2023)

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According to a report by the Indonesian Investment Ministry/Investment Coordinating Board (BKPM), Singapore was the largest source of foreign direct investment (FDI) in Indonesia in 2023, with a value of US$15.4 billion.

China ranked second with US$7.4 billion in realized FDI, followed by Hong Kong with US$6.5 billion, Japan with US$4.6 billion, and Malaysia with US$4.1 billion.

Realized FDI in Indonesia in 2023 reached Rp744.0 trillion, a 13.7% increase compared to 2022 (year-on-year/yoy).

This value is equivalent to 52.4% of the total realized national investment of Rp1,418.9 trillion.

By business sector, national investment realization in 2023 was highest in the basic metal industry, metal goods, excluding machinery and equipment, 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.

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

East Java ranked third with Rp145.1 trillion in realized investment, followed by Central Sulawesi at Rp112 trillion, and Banten at Rp103.9 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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Not China, This is Indonesia's Biggest Investor in 2023

Not China, This is Indonesia's Biggest Investor in 2023

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