Not Foreign Investment, Domestic Investment Creates More Jobs

The Indonesian Investment Coordinating Board (BKPM) reports an increase in job absorption from Indonesian investment. A total of 295,491 jobs were absorbed in Q4 2021, a 2.36% increase from the previous quarter's 288,687.

The highest job absorption came from Domestic Investment (PMDN), with 161,377 jobs in Q4 2021. This figure is up 20.5% from the previous quarter's 133,972.

Although Indonesia's investment realization is larger from Foreign Investment (PMA), PMA's job absorption is lower than PMDN. In fact, the number decreased from the previous quarter.

Job absorption from PMA amounted to 134,114. This figure is down 13.3% from the previous quarter's 154,715.

For information, PMA realization reached Rp 122.3 trillion in Q4 2021. This is equivalent to 50.6% of Indonesia's total investment of Rp 241.6 trillion. Meanwhile, Indonesia's PMDN realization was Rp 119.3 trillion, contributing 49.4% to Indonesia's total investment realization.